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’


The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019.

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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.”

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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

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