HALIFAX - A Halifax judge says he will grant Canada’s largest cryptocurrency exchange protection from creditors as it deals with the fallout from its founder’s death. Nova Scotia Supreme Court Justice Michael Wood today granted QuadrigaCX a 30-day stay of proceedings in a bid to stop any lawsuits from proceeding against the company at this point. Interested parties attend Nova Scotia Supreme Court as Canada's largest cryptocurrency exchange seeks creditor protection in the wake of the sudden death of its founder and chief executive in December and missing cryptocurrency worth roughly $190-million, in Halifax on Tuesday, Feb. 5, 2019. The Vancouver-based exchange owes $70 million in currency and an additional amount of cryptocurrency valued at approximately $180 million to roughly 115,000 users. Lawyers for some of the 115,000 affected users were in the Halifax court.

Source: thestar February 05, 2019 16:10 UTC