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QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’

Published 05/13/2023, 01:32 AM
Updated 05/13/2023, 03:20 AM

Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.”

According to a May 12 notice to creditors from QuadrigaCX’s bankruptcy trustee Ernst & Young (EY), each “creditor with a proven claim will receive 13.094156% of their proven claim less the levy amount payable to the Office of the Superintendent of Bankruptcy pursuant to the BIA.”

Breakdown of value owed to creditors. Source: Ernst & Young
Crypto value as April 15 2019. Source: Ernst & Young

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