QuadrigaCX, the Canadian exchange that stopped operating at the end of January, has received bankruptcy protection and will most likely never relaunch, Canadian media reported. Previously, the Monitor for the exchange, Ernst&Young, suggested the market operator was most likely taking the bankruptcy route.
During the bankruptcy procedure, the Monitor will see its investigative rights extended, delving further into the QuadrigaCX history of transactions and fund storage. Some $70 million in cash is most probably locked in third-party accounts, and the search for the digital assets of the...