- As per Ernst and Young, the Quadriga victims will benefit if the company files for bankruptcy.
- EY also stated that have tracked the third-parties who are holding the exchange’s funds and they might require a court order to seize them.
‘Ernst and Young (EY), the court-appointed monitor of QuadrigaCX, published a report where they advised the troubled exchange to file for bankruptcy. The report outlined that the victims of the QuadrigaCX debacle will benefit if the company transitions from the ongoing restructuring process to a bankruptcy filing under the Bankruptcy and Insolvency Act (BIA).