QuadrigaCX

Claims Process

On June 27th, 2019, the Supreme Court of Nova Scotia approved the claims process for Affected Users.

In order to file a claim, Affected Users must fill out and submit the Affected User Proof of Claim form. Please carefully review the Instruction Letter included with the Affected User Proof of Claim form to ensure proper completion of your claim.

Please note that all Proof of Claim forms should be properly completed and delivered to Ernst & Young Inc. in its capacity as trustee in bankruptcy of 0984750 B.C. Ltd. DBA Quadriga CX and Quadriga Coin Exchange prior to 5:00 p.m. (Atlantic Standard Time) on August 31, 2019.

Ernst & Young Inc.
Court-appointed Trustee of Quadriga
Ernst & Young Tower
100 Adelaide Street West
Toronto, Ontario M5H 0B3

Attn: Quadriga Trustee

Email: quadriga.trustee@ca.ey.com
Fax: 416-864-1174

Any questions related to filling out the Affected User Proof of Claim form may be directed to Representative Counsel at quadrigacx@millerthomson.com.

Quadriga CCAA Proceeding

Pursuant to the Order of the Honourable Mr. Justice Michael J. Wood of the Supreme Court of Nova Scotia issued February 5, 2019 (the “Initial Order”): (i) Quadriga Fintech Solutions Corp., Whiteside Capital Corporation and 0984750 B.C. Ltd. (dba QuadrigaCX and Quadriga Coin Exchange) (collectively, the “Applicants”) were granted protection under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c.C-36, as amended (the “CCAA”); and (ii) Ernst & Young Inc. was appointed as Monitor of the Applicants.

Further information regarding the Quadriga case is available on the Monitor’s website at https://documentcentre.eycan.com/Pages/Main.aspx?SID=1445.

Appointment as Representative Counsel

Pursuant to the order of the Supreme Court of Nova Scotia issued February 28, 2019 (the “Representative Counsel Appointment Order”), Miller Thomson LLP and Cox & Palmer (together, “Representative Counsel”), were appointed as representative counsel on behalf of users affected by the shutdown of the QuadrigaCX cryptocurrency exchange platform (collectively, the “Affected Users”).

Official Committee

Pursuant to the Representative Counsel Appointment Order, Representative Counsel, in consultation with the Monitor, was directed to establish the Official Committee of Affected Users (the “Official Committee”), to provide input and direction to Representative Counsel.

By Order of the Supreme Court of Nova Scotia, dated March 19, 2019, the Official Committee has been appointed (the “Committee Appointment Order”). The Official Committee consists of seven (7) Affected Users (“Committee Members”) and two (2) Alternate Committee Members who are representative of the diverse interests comprising the Affected Users. The list of Committee Members can be found in the Committee Appointment Order.

Quadriga Bankruptcy Proceeding

On April 11, 2019, the Court issued an Order (the “Bankruptcy Transition Order”) terminating the CCAA Proceedings of Quadriga Fintech Solutions Corp., Whiteside Capital Corporation and 0984750 B.C. Ltd. (dba QuadrigaCX and Quadriga Coin Exchange).

On April 15, 2019, Quadriga Fintech Solutions Corp., Whiteside Capital Corporation and 0984750 B.C. Ltd. (dba QuadrigaCX and Quadriga Coin Exchange) made an assignment into bankruptcy, naming Ernst & Young Inc. as the trustee in bankruptcy (in such capacity, the “Trustee”).

Communications with Representative Counsel

Representative Counsel has established this webpage to facilitate communications with the Affected Users. The webpage will include information and documents relevant to Affected Users.

Representative Counsel has received from Ernst & Young Inc. a list of Affected Users, including their contact information and QuadrigaCX customer IDs.

Please note that Representative Counsel is experiencing a high volume of email inquiries.

Part of Representative Counsel’s duties prescribed by the Representative Counsel Appointment Order, is to communicate with Affected Users regarding the proceedings. However, this aspect of our mandate can be time consuming and expensive. Representative Counsel is dedicated to fulfilling its mandate in the most cost-effective way to limit the drain on the resources of the estate. To achieve this objective, we request that Affected Users who wish to communicate with Representative Counsel follow the procedure set out herein.

If you have a question for Representative Counsel, please ensure the following details are included in your email to quadrigacx@millerthomson.com:

  • Your full name;
  • Your Quadriga CX ID;
  • The amount of your claim; and
  • The nature of your claim:
    • Fiat;
    • Cryptocurrency (ex. BTC, Ethereum, etc.);
    • Pending Withdrawal;
    • Completed Withdrawal; or
    • Other (please clarify).

This will ensure that Representative Counsel’s communications are efficient and that parties  communicating with Representative Counsel are in fact Affected Users. If you do not provide the information listed above in your email, you may not receive a response from Representative Counsel.

Representative Counsel is committed to responding to Affected Users, rather than members of the general public or the media.

Email is the preferred form of communication with Representative Counsel. Affected Users are encouraged to voice their concerns by tweeting to the Official Committee as a method to reduce costs on communications. The Official Committee’s twitter account (@QCXCommittee) can be found here. The Official Committee will select and collate tweets from Affected Users for inclusion in updated future FAQs.

Representative Counsel advises Affected Users to refer to our FAQ, updated FAQ and tax-related FAQ sheets for further information.