Sunday, March 26, 2023

QuadrigaCX trustee only has $30M to pay $171M worth of claims By Cointelegraph


QuadrigaCX trustee only has $30M to pay $171M worth of claims

Ernst & Young, the trustee of controversial failed cryptocurrency exchange QuadrigaCX, revealed it only has roughly $29.8 million in funds to distribute to claimants, despite receiving $171 million worth of claims.

In a Nov. 6 update filed with the Ontario Superior Court of Justice, EY revealed it has received 17,053 claims from customers who had entrusted their funds with the Canadian exchange.

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