QuadrigaCX Owes Customers $190 Million, Court Filing Shows (coindesk.com)
Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk.
In a sworn affidavit filed Jan. 31 with the Nova Scotia Supreme Court, Jennifer Robertson, identified as the widow of QuadrigaCX founder Gerald Cotten, said the exchange owes its customers roughly $250 million CAD in both cryptocurrency and fiat.
As of Jan. 31, 2019, there were roughly 115,000 users with balances signed up on the exchange, with $70 million CAD in fiat and $180 million CAD in crypto owed overall, according to the filing.
The exchange’s access to its fiat holdings have also been “Severely compromised” by banking issues, the filing says.
In particular, a payment processor working with Quadriga, Billerfy, has reported problems with finding a banking partner, preventing the processor from releasing any funds back to the exchange, and therefore, to its customers.
Original article reduced by: 83%
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Related story: Binance Users Can Now Pay For Crypto With Credit Cards (coindesk.com)
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