104.34 BTC worth around $1.7 million were transferred out of cold wallets of the QuadrigaCX exchange. Many of these funds appear to have been distributed to different wallets. The amounts sent from each wallet match the amounts sent to those wallets in 2019. Details of these wallets has been listed by ZachXBT, a blockchain detective who is in the Top 50 CoinDesk’s Most Influential 2022:
- 1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa
- 1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB
- 1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M
- 1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe
- 1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R
It’s appears ~69 BTC from 1HyYM & 1JPtxS were sent to Wasabi on Dec 17, 2022, ZachXBT added. It is still unclear who tool the above actions because according to a report from Ernst & Young – the Big Four accounting firm overseeing the exchange’s estate – stated that on Feb. 6, 2019, QuadrigaCX accidentally transferred around 103 BTC to cold wallets that only Gerald Cotten, QuadrigaCX’s deceased CEO, had access to.
Once Canada’s largest cryptocurrency exchange, QuadrigaCX officially went bankrupt in 2012 after the mysterious death of founder and CEO Gerald Cotten. At that time, QuadrigaCX reportedly owed users nearly $200 million in various crypto assets. The mysterious death of QuadrigaCX’s founder and CEO, followed by the exchange’s collapse, has sparked a conspiracy theory that the founder faked his own death as part of a fraudulent exit scam. The story became the inspiration for Netflix to release a documentary about him in 2022.
Follow our channels for more crypto news:
- Cryptory Insights: https://t.me/CryptoryInsights
- Cryptory Global Community: https://t.me/CryptoryCommunity
- Facebook: https://www.facebook.com/CryptoryNetwork
- Twitter: https://twitter.com/CryptoryNetwork