Court proceedings against defunct Canadian Bitcoin exchange QuadrigaCX will focus on people in Ontario, say liquidators.


EY: ‘Few Ties’ Keep Bitcoin Case In Nova Scotia

In a court document filed this week, Ernst & Young (EY), the accounting giant acting as the exchange’s bankruptcy trustee, petitioned for a relocation of their case.

Currently taking place in Halifax, Nova Scotia, the saga should shift to Toronto, says EY, as the subjects of interest reside specifically in Ontario. 

“As the majority of the professionals are located in Ontario, there would be significant cost savings to transferring the proceedings to Ontario,” local news outlet the Financial Post quotes the company as saying. 

“There are very few remaining ties to Nova Scotia at this time.”

As Bitcoinist reported, QuadrigaCX abruptly imploded in December 2018 following the death of its CEO, Gerald Cotten.

A scandal then erupted, with users claiming they lost funds worth in excess of $190 million in both cryptocurrency and fiat…

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Source: https://thebitcoinnews.com/quadrigacx-update-accountants-petition-to-move-case-to-toronto/