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CryptoGlobe
2018-11-15 16:00:00

Canada's Courts to Take Custody of Crypto Exchange QuadrigaCX’s Frozen Funds

The Ontario Superior Court of Justice has reportedly moved toward taking custody of a large amount of funds that belong to digital asset exchange, QuadrigaCX. Recent court documents show that the Canadian Imperial Bank of Commerce (CIBC) has frozen accounts holding the large sum of assets - which include $69,000 USD and $25.7 million CAD (appr. $19.4 million USD).According to the court papers, the CIBC was not able to identify the actual owner(s) of the frozen assets.