The deceased founder of the QuadrigaCX Canadian Bitcoin Exchange, Gerald Cotten, could use his own funds to pay customers. This was reported by his widow Jennifer Robertson, CoinDesk reports.
In 2018, the Canadian Imperial Bank of Commerce froze $ 28 million in fiat assets of the exchange, without being able to confirm their owner.
While I had no direct knowledge of how Gerry operated the business, he told me that he had been putting his own money back into QCX to fund user withdrawals in 2018 while the CIBC money remained frozen. I believe Gerry had the best interests of the business in mind, and cared for his customers.
Gerald Cotten's widow
It also became known that Stewart McKelvey will no longer represent the interests of the exchange because of the presence of a certain conflict of interests, the details of which, however, are not disclosed.
The exchange is still trying to restore access to users' funds for $ 190 million. Earlier it was reported court gave additional 45 days for the exchange to look for missing funds.