- Nova Source Supreme Court Judge Michael Wood made the bankruptcy ruling official this Monday.
- Judge Wood also froze a majority of CEO Gerald Cotten’s widow’s assets.
Infamous Canadian exchange, QuadrigaCX, will officially transition into bankruptcy in the coming days. Nova Source Supreme Court Judge Michael Wood made the ruling official this Monday. QuadrigaCX filed for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) on January 31st. Back then, the exchange stated that it couldn’t $136 million in cryptocurrencies and needed assistance reclaiming another $53 million in fiat held by third-party payment processors.