Argo Partners offer to acquire QuadrigaCX.

Argo Partners, a private equity firm, offered to acquire the collapsed cryptocurrency exchange QuadrigaCX. Financial terms were not disclosed. “We offer an upfront, guaranteed payment and also the ability to share distributions if they go above a certain point. Given the unknowns in a case like this, we have found it useful to offer creditors deals that lock in rates of recovery early in the case while also protecting themselves from the case taking a turn for the better,” Jonathan Maruri, Argo Head of Trading.