Creditors of the bankrupt Canadian crypto exchange Quadriga will soon be repaid 13% of their claim.
The figure was revealed in documents published by the accounting firm EY on Friday.
Quadriga Subject to Over 17,000 Claims
In the notice to creditors released by EY, it is revealed that 17,648 claims from creditors have been accepted. In total, this amounts to CAD $303.1 million in debt owed.
Although most claimants are only identified by their Quadriga user ID, Canada Post and the Canada Revenue Agency (CRA) are also listed. There are also 125 disputed claims.
Of the accepted claims,15 claims have a value of more than 1 million CAD. A further 28 have a value between 500,000 and 999,999 CAD. The vast majority of the claims (15,236) represent smaller retail users of the platform who lost less than 10,000 CAD in its collapse.
Crypto Prices Set at 2019 Level
If it wasn’t bad enough that Quadriga customers have lost 87% of their assets…
