![\"QuadrigaCX](\"https:\/\/wp-assets.futurism.com\/2019\/02\/crypto-site-ceo-sue-300x158.png\")
<\/div>Making Moves<\/h2>
Remember that cryptocurrency exchange that said it lost $196 million of its customers’ money when CEO Gerald Cotten died<\/a> — prompting conspiracy theories Cotten faked his own death<\/a>?<\/p> Well, those 115,000 customers just lawyered up.<\/p> Michael Wood, a justice on Nova Scotia’s Supreme Court, issued a ruling<\/a> Tuesday that QuadrigaCX customers would be represented by two law firms, Miller Thomson as well as Cox & Palmer, in the event of a class-action lawsuit, according to CoinDesk<\/em><\/a>.<\/p> So far, no one has filed suit against QuadrigaCX — though the users’ new lawyers can start preparing one, according to CoinDesk<\/em>. On Feb. 5, the courts approved a 30-day stay<\/a> at the company’s request. That leaves QuadrigaCX with about two more weeks to settle the matter and come up with $196 million on its own before anyone can sue.<\/p> Once the stay expires on March 7, the crypto exchange may try to have it extended. But that appeal would come before Judge Wood.<\/p> Given his move to prepare QuadrigaCX customers for a potential lawsuit, Wood may decide that QuadrigaCX was given enough time and open up the floor to any lawsuits.<\/p> READ MORE:<\/strong> Judge Appoints Law Firms to Represent QuadrigaCX Customers<\/a> [CoinDesk<\/em>]<\/p> More on QuadrigaCX: Indian Hospital Fires Back at Rumors That Crypto CEO Faked Death<\/a><\/em><\/strong><\/p> The post Users of Crypto Site Where Dead CEO Lost $196M Are Preparing Suit<\/a> appeared first on Futurism<\/a>.<\/p> Visit link: Making Moves Remember that cryptocurrency exchange that said it lost $196 million of its customers\u2019 money when CEO Gerald Cotten\u00a0died \u00a0\u2014\u00a0prompting conspiracy theories Cotten\u00a0 faked his own death ? Continue reading Ticking Clock<\/h2>
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Users of Crypto Site Where Dead CEO Lost $196M Are Preparing Suit<\/a><\/p>","protected":false},"excerpt":{"rendered":"