The Supreme Court of Ontario will deposit $ 19.6 million, located on five bank accounts of Canada's largest cryptocurrency exchange QuadrigaCX. This is stated in the court ruling and reported by the Cointelegraph.
These funds will be transferred to the Supreme Court of Ontario by the Canadian Imperial Bank of Commerce to establish their owners. For example, $ 19.6 million may belong to the QuadrigaCX exchange itself, on which its management insists that the payment operator Costodian servicing the site or 388 users who have placed these funds as deposits.
At the same time, Judge Glenn Haney was unable to determine the validity of the freezing of the accounts of the exchange by the CIBC within the framework of the proceedings.
Accordingly, it would be inappropriate for me to extinguish any liability that CIBC may have for freezing the accounts in the absence of an evidentiary record that establishes that CIBC has no liability.
Supreme Court of Ontario
In October it became known that QuadrigaCX was experiencing problems with withdrawing customer funds due to the blocking of accounts related to the Costodian Inc. service and its owner, Jose Reyes.