Quadriga CX Bankruptcy Claimants to Soon Receive 13% of Claim Amount
May 13th, 2023

Former users of bankrupt Canadian crypto exchange Quadriga CX will soon receive 13 percent of the claimed amount, according to a creditor notice issued late Friday by accounting firm Ernst & Young. Creditors, including Canada Post and the Canada Revenue Agency (CRA), filed 17,648 claims totaling C$303.1 million ($222.3 million) against Quadriga, the documents show. There were 15 claims for more than $1 million, 28 claims for between $500,000 and $999,999, and 15,236 claims for less than $10,000. The cryptocurrency claim amount will be determined based on the market price on April 15, 2019. Users claiming bitcoin will receive C$6,739.08 per bitcoin, and users claiming ethereum will receive C$223.45 per ether, EY said.

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