Recent court documents show that the Canadian Imperial Bank of Commerce (CIBC) has frozen accounts holding the large sum of assets – which include $69,000 USD and $25.7 million CAD (appr. $19.4 million USD). According to the court papers, the CIBC was not able to identify the actual owner(s) of the frozen assets. The court documents also state that the funds may have been deposited by QuadrigraCX’s customers, and that the assets were frozen because the CIBC couldn’t properly verify the identities of the individuals that made the deposits. However, QuadrigaCX’s management team has now taken legal action in order to reclaim the money – as the exchange’s users have been unable access their funds……………
Advertisements
