Miller Thomson, the law firm representing users of QuadrigaCX, has announced that interim distribution of funds tied to bankruptcy proceedings will be scheduled in the coming weeks. The trustee will post a Notice to Affected Users regarding details about the manner and procedure of the distribution. However, a small number of affected users are expected to receive a Notice of Disallowance of Claim, which means that the creditor's claim has been revised or disallowed in the bankruptcy process. QuadrigaCX became insolvent in February 2019, and since then, bankruptcy trustee Ernest & Young has recovered $34.3 million worth of assets.
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