Former users of the bankrupt Canadian crypto exchange Quadriga CX will soon get a check for 13% of their claim, according to a notice to creditors published late Friday by accounting giant EY.<\/p>\n
Documents from EY shows Quadrigas estate owes CAD $303.1 million ($222.3 million) across 17,648 claims from creditors, including Canada Post and the countrys tax authority, Canada Revenue Agency (CRA).<\/p>\n
Filings show that there are 15 claims with a value greater than CAD $1 million, and 28 claims with a value between CAD $500,000 and $999,999. There are also 15,236 claims valued under CAD $10,000.<\/p>\n
According to EY, CRA determined that Quadriga had not reported income during its 2016 2018 fiscal periods and subsequently owes $11.7 million in back taxes.<\/p>\n
The value of the crypto will be paid out, according to values pegged at April 15, 2019 market prices.<\/p>\n
EY says that users with bitcoin claims will get CAD $6,739.08 ($7,122.9) per BTC. For Ethereum, users will get CAD $223.45 ($299.45) per ether.<\/p>\n
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Originally posted here:<\/p>\n
Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar - CoinDesk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Former users of the bankrupt Canadian crypto exchange Quadriga CX will soon get a check for 13% of their claim, according to a notice to creditors published late Friday by accounting giant EY. Continue reading