Canadian Court Sets Representatives For QuadrigaCX Customers
Chief Judge in Nova Scotia (Canada) decided to appoint local law companies Miller Thomson and Cox & Palmer to represent the interests of clients of the largest Canadian crypto exchange QuadrigaCX in the upcoming hearing, Cointelegraph reports.
According to the court filing, Miller Thomson and Cox & Palmer have to communicate with the exchange users and take on the role of a link to represent their interests in court. Representatives are also required to prevent conflicts and ensure users' privacy.
The judge claims that representative councils can improve the efficiency and economic benefits of the consideration. This is possible due to direct communication with parties, which allows to avoid many conflict situations. At the same time, lawyers cannot have open-ended supporters, but must conduct investigations in which they could charge for the assets of the exchange.
This decision was published after the hearing on February 14, 2019, during which more than a dozen lawyers, representing the rights of 115,000 clients of the QuadrigaCX cryptocurrency platform, gathered in the Supreme Court. The debt of the exchange for payments to customers is $195 million.
Representatives of the exchange announced the loss of keys to customers' cold wallets after the death of Gerald Cotten, the founder of the platform. The next hearing in this case is scheduled for March 5, 2019.
As previously reported, the user under the nickname dekoze stated on the Reddit forum that he detected five addresses that may contain funds lost by QuadrigaCX.