QuadrigaCX owes C$303.1 million (about $222.3 million) to 17,648 creditors, including Canada Post and the Canada Revenue Agency (CRA), according to EY.
About 15 creditor claims are valued at C$1 million each ($732 144), 28 claims are between C$500,000 ($366 072) and C$999,999, and 15,236 are under C$10,000 ($7321).
Earlier, the IRS reported that Quadriga failed to file reports with the tax authorities from 2016 to 2018, which resulted in the exchange owing $11.7 million to the state treasury.
Interim dividends will be paid according to cryptocurrency rates as of April 15, 2019. Users with BTC claims will receive CAD $6,739 ($7,122) per bitcoin, and users with ether claims will receive CAD $223 ($299) per ETH.
Miller Thomson, the law firm representing the creditors, has proposed spreading the interim dividend payout over the days of the next few weeks.
However, some creditors may receive less than expected or face rejection if the claim is found to be invalid or frivolous.
Creditors who have received notices of refusal have the right to appeal the decision by submitting a number of documents to the court, including the original statement of claim.
In early 2019, Canada’s largest crypto exchange, QuadrigaCX, closed after the unexpected death of co-founder and CEO Gerald Cotten.
He was the sole custodian of the locked keys to cold wallets, so the businessman’s passing has left users’ funds in limbo.
After months of investigation, Ernst&Young has announced that it can only partially satisfy users’ claims.