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25 May 2020

17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange | News Bitcoin News

17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange | News Bitcoin News


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About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx.

According to a documentreleased Tuesday by Ernst & Young, the court-appointed monitor, the bulk of the claims submitted stem from bitcoin (BTC) deposits that users of the exchange held on the platform.

Ernst & Young, which asked affected users to file claims by August 31, 2019, said it had not finished verifying the papers it received, as some contained technical errors or stated values that are not consistent with those found on the Quadrigacx database.

The accountants stated that “all affected user claims are unsecured claims without any preferred status.”?

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