EY, the trustee of the estate of QuadrigaCX, the bankrupt Canadian crypto exchange, has announced that it will begin the interim distribution to some users.

EY will announce the procedure in the next week for QuadrigaCX users to claim the distribution. Some users’ claims may be revised as part of the bankruptcy proceedings. However, they have the right to appeal.

Miller Thomson, the law firm that represents QuadrigaCX creditors, posted a message from EY.

Customers of QuadrigaCX will be relieved by the interim distribution. They were in the dark when the exchange filed for bankruptcy in 2019 after Gerald Cotten, its CEO and founder, died. The company, which was Canada’s biggest crypto exchange at one time, owed its customers about $200 million in cryptocurrency.

Last year, over 100 bitcoins were removed from QuadrigaCX’s cold wallet. These transfers were not at the request of EY which, in 2019, had sent 100 bitcoins by mistake to QuadrigaCX-controlled cold wallets.

Read more: Bitcoin addresses linked to QuadrigaCX, a Canadian crypto exchange that has closed down

UPDATE (9 May 2023 at 13:21 UTC). Adds information about Miller Thomson to the third paragraph.