For the second week, QuadrigaCX’s crisis remains one of the hottest topics in the crypto world. After the CEO of the Canadian exchange, 30-year-old Geral Cotten, suddenly died, the exchange has allegedly lost access to its cold wallets, where as much as 190 million Canadian dollars ($145 million) in digital assets were stored.
The firm has since managed to obtain creditor protection in the Nova Scotia Supreme Court, which has granted it with a 30-day stay of proceedings under the Companies' Creditors Arrangement Act (CCAA) — which will end on March 7 — to search for the missing funds.