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

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



As of April 15, 2019, the creditors will get payment equal to the value of their lost cryptocurrency assets.



QuadrigaCX, a bankrupt Canadian cryptocurrency exchange, will pay out 13% of its creditors' total claims as part of a "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.”



“The interim dividend provides for a distribution of approximately 87.0% of the funds the Trustee is currently holding. The remaining funds will be held as a reserve for future disbursements related to the administration of the bankruptcy. A final distribution will be made at a later date,” EY ad


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#Canada, #Cryptonewstoday, #QuadrigaCX, #Regulations

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