Users of the bankrupt Canadian crypto exchange QuadrigaCX will receive 13% of their claims. Such calculations are given in notice trustee Ernst & Young (EY).
Payments will be made based on the market prices for cryptocurrencies as of April 15, 2019. In total, this will take 87% of the funds at the disposal of EY.
According to the document, Quadriga owes 303.1 million CAD (~$222.3 million) to 17,648 creditors.
In total, there are 15 claims for more than 1 million CAD (~$733,000), 28 for amounts from 500,000 to 999,999 CAD (~$367,000-733,000).
The IRS found that from 2016 to 2018, QuadrigaCX did not report and owed 11.79 million CAD (~$8.65 million) to the agency.
The exchange crashed in 2019 after the death of its co-founder Gerald Cotten. He turned out to be the only holder of private keys from cold wallets. The platform turned out to owe users $171.5 million.
In February 2019, EY reported that the exchange lost another 103 BTC due to an unintentional error. The platform transferred assets to a cold wallet, access to which was lost.
Recall that on December 17, 2022, these coins began to move.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Users of the bankrupt Canadian crypto exchange QuadrigaCX will receive 13% of their claims. Such calculations are given in notice trustee Ernst & Young (EY).
Payments will be made based on the market prices for cryptocurrencies as of April 15, 2019. In total, this will take 87% of the funds at the disposal of EY.
According to the document, Quadriga owes 303.1 million CAD (~$222.3 million) to 17,648 creditors.
In total, there are 15 claims for more than 1 million CAD (~$733,000), 28 for amounts from 500,000 to 999,999 CAD (~$367,000-733,000).
The IRS found that from 2016 to 2018, QuadrigaCX did not report and owed 11.79 million CAD (~$8.65 million) to the agency.
The exchange crashed in 2019 after the death of its co-founder Gerald Cotten. He turned out to be the only holder of private keys from cold wallets. The platform turned out to owe users $171.5 million.
In February 2019, EY reported that the exchange lost another 103 BTC due to an unintentional error. The platform transferred assets to a cold wallet, access to which was lost.
Recall that on December 17, 2022, these coins began to move.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
