OSC: QuadrigaCX client asset shortfall at least C$169 million
- —Customers were owed C$215 million; EY recovered or located only C$46 million
- —Losses from fictitious in-platform trades estimated at about C$115 million
- —Cotten's trading on three external exchanges lost roughly C$28 million
- —First interim distribution to creditors set at 13.09% of admitted claims
Why it matters: The report cements a fraud finding over the lost-keys narrative and sets the basis for distributing remaining assets among more than 76,000 creditors.
Source: TokenPost