QuadrigaCX to Begin Interim Distribution of Funds for Bankruptcy Proceedings
Following the bankruptcy of QuadrigaCX, the exchange's users have been waiting for the distribution of their funds. The law firm representing the users recently announced that interim distribution of funds will begin soon. However, some users may receive a Notice of Disallowance of Claim, indicating that their creditor's claim has been revised or disallowed.
The announcement is welcome news for affected users who have been waiting for the return of their funds. However, it is important to note that the distribution of funds may not be equal, and some users may not receive the full amount owed to them. The situation highlights the importance of conducting due diligence when choosing a cryptocurrency exchange and storing funds securely.