HALIFAX - Embattled cryptocurrency exchange QuadrigaCX has received a reprieve from its creditor protection deadline as the search for nearly $200 million in missing virtual currency continues. Nova Scotia Supreme Court Justice Michael Wood today granted the insolvent company a 45-day extension for a stay of proceedings. 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. Embattled cryptocurrency exchange Quadriga has received a reprieve from its bankruptcy protection deadline as the search for nearly $200 million in missing virtual currency continues. Court documents say $190 million in missing Bitcoins and other cryptocurrency is locked in Quadriga’s offline digital wallets.

Source: thestar March 05, 2019 17:48 UTC