Former Users of Bankrupt Canadian Crypto Exchange Quadriga CX to Receive 13% of Claim in Check

05/12 23:51

Former users of the now-bankrupt Canadian cryptocurrency exchange Quadriga CX will receive a 13% payout of their claims, according to a notice by accounting firm EY. The exchange owes CAD $303.1 million to 17,648 creditors, including Canada Post and the Canada Revenue Agency. The payout will be based on the value of the cryptocurrency at April 15, 2019 market prices, with bitcoin claims receiving CAD $6,739.08 per BTC and Ethereum claims receiving CAD $223.45 per ether. The exchange also owes $11.7 million in back taxes to the CRA.
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