Former QuadrigaCX users will receive only 13% of their total claims as accounting giant Ernst & Young published a notice regarding the 13.094156% payout to each creditor. QuadrigaCX owes CAD $303.1 million across 17,648 claims, including Canada Post and Canada Revenue Agency. The exchange’s collapse in 2019 highlights the need for proper oversight and regulation in the crypto market.
Search Results for: Canada Revenue Agency
Quadriga CX Payouts: Restoring Faith or Exposing Crypto Exchange Risks & Uncertainties?
Former users of bankrupt Canadian crypto exchange Quadriga CX are set to receive 13% of their claims, with Quadriga’s estate owing $222.3 million across 17,648 claims. This highlights the potential risks and uncertainties in trading and storing crypto assets, raising questions about future regulations and crypto exchange security.