{"id":78745,"date":"2023-05-15T14:19:50","date_gmt":"2023-05-15T11:19:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78745"},"modified":"2025-09-11T07:07:17","modified_gmt":"2025-09-11T04:07:17","slug":"quadrigacx-creditors-to-receive-13-of-their-claims","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/quadrigacx-creditors-to-receive-13-of-their-claims\/","title":{"rendered":"QuadrigaCX creditors to receive 13% of their claims"},"content":{"rendered":"<p>Users of the bankrupt Canadian cryptocurrency exchange QuadrigaCX will receive 13% of their claims. Such calculations are provided in <a href=\\\"https:\/\/documentcentre.ey.com\/api\/Document\/download?docId=37250&#038;language=EN\\\">notification<\/a> from the trustee Ernst &#038; Young (EY).<\/p>\n<p>Payments will be made based on market prices of the cryptocurrencies as of 15 April 2019. In total, 87% of EY&#8217;s available funds will be used for this.<\/p>\n<p>According to the document, Quadriga owes 303.1 million <span data-descr=\\\"Canadian dollars\\\" class=\\\"old_tooltip\\\">CAD<\/span> (~$222.3 million) to 17,648 creditors.<\/p>\n<p>There are 15 claims worth more than CAD 1 million (~$733,000), and 28 claims worth between CAD 500,000 and CAD 999,999 (~$367,000\u2013$733,000).<\/p>\n<p>The tax authorities found that from 2016 to 2018 QuadrigaCX did not file returns and owes CAD 11.79 million (~$8.65 million) to the department.<\/p>\n<p>The exchange collapsed in 2019 after the death of its co-founder Gerald Cotten. He was the sole holder of the private keys to the cold wallets. The platform <a href=\"https:\/\/forklog.com\/en\/news\/quadrigacx-clients-to-receive-at-most-17-cents-per-dollar\">turned out to owe users $171.5 million<\/a>.<\/p>\n<p>In February 2019 EY said that the exchange, due to an inadvertent error, lost another 103 BTC. The platform transferred assets to a cold wallet, access to which had been lost.<\/p>\n<p>On 17 December 2022, these coins <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-linked-to-quadrigacx-moved-after-years-of-dormancy\">moved<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Users of the bankrupt Canadian cryptocurrency exchange QuadrigaCX will receive 13% of their claims. Such calculations are provided in a notification from the trustee Ernst &#038; Young (EY).<\/p>\n","protected":false},"author":1,"featured_media":78746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1166,1087],"class_list":["post-78745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-centralized-exchanges-cex","tag-quadrigacx"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78745"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78745\/revisions"}],"predecessor-version":[{"id":78747,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78745\/revisions\/78747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78746"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}