A new committee, appointed by law firms Miller Thomson and Cox & Palmer, will guide the representation of the affected customers of the large Canadian crypto-currency exchange QuadrigaCX. The progress was announced in a March 19 March declaration.
In filing, Miller Thompson announced the founding of the QuadrigaCX Affected Users Official Committee, consisting of seven users affected by the closure of the trading platform following the sudden death of its founding partner Gerald Cotten last December. .
At the time, the stock market claimed Cotten was the only person who had access to the keys to the wallets. cold wallet businesses reported that they could not access. The inaccessible crypto and QuadrigaCX, which are claimed to be the majority of the assets in the stock market, owed an estimated 115,000 users.
The newly established committee was established to assist law firms to represent all affected users in court proceedings against QuadrigaCX. the Committee
”Affected Users and Representative Council may hold consultants, experts and consultants to advise and advise the Official Purpose Committee on the fulfillment of their ve reported.
Committee members have various areas of expertise and are now terminated cryptocurrency unit traders include industry players such as Eric Bachour. Magdalena Gronowska, who has experience in economic policy development for the Government of Gox and Ontario.
Miller Thomson and Cox & Palmer were appointed as legal representatives of the QuadrigaCX in February by the Supreme Court of Nova Scotia Justice Michael Wood. Representative Council
“Manage communication with users; [Ernst & Young]; advocating user interests in court; identify potential conflicting interest among users; and advocates user privacy. "
As reported yesterday, the founding partner of QuadrigaCX, Michael Patryn, has reportedly been involved in a number of criminal activities in the past. Patryn and his partner Lovie Horner remain two of the largest shareholders of the QuadrigaCX, although they have not been involved in company operations since 2016 due to their dispute with Cotten.