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Crypto Exchange Quadriga Gets Court Approval to Shift to Bankruptcy

  • Judge freezes assets held by late founder’s estate, widow
  • Law firm’s withdrawal request also granted by Canadian court

Cryptocurrency exchange owner Quadriga Fintech Solutions Corp. is moving into bankruptcy proceedings.

The embattled Vancouver-based firm was given the go-ahead in a Nova Scotia Supreme Court Monday to transition from court-approved creditor protection to a bankruptcy process, a move that aims to help cut costs and facilitate recovery of assets from creditors.