Traders of cryptocurrency exchange QuadrigaCX has been officially backed by Canadian law companies Miller Thomson and Cox & Palmer, appointed by The Supreme Court of Nova Scotia.
Announced in a court filing published on Feb. 19, Miller Thomson and Cox & Palmer will act as the lead counsel representing customers of QuadrigaCX Exchange, in the mission of “managing communications with users; acting as user liaison for the monitor [Ernst & Young]; advocating for user interests before the court; identify[ing] potential conflicting interest amongst users; and advocating for user privacy.”
Justice Michael Wood highlighted the efficiency and cost effectiveness of the proceedings, stating “Representative counsel can make the proceeding more efficient and cost effective for all parties by providing a clear mechanism for communicating with the stakeholders and avoiding a multiplicity of potentially conflicting retainers.”
Wood has came to this decision following a hearing on Feb. 14, when “a dozen” of lawyers were gathered by The Nova Scotia Supreme Court to represent the victims who lost nearly $195 million in the QuadrigaCX scandal, reported by Cointelegraph.
As The Crypto Sight reported on Jan 30, QuadrigaCX exchange has been inaccessible since the suspicious death of its CEO and founder Gerald Cotten. Canadian judges are making progress in investigating the operations of the exchange.
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