Yugocean
Valued Contributor
Crypto researcher ZachXBT has alerted the public on December 19 that five wallets linked to the defunct Canadian cryptocurrency exchange QuadrigaCX have suddenly become active.
History'
QuadrigaCX was the largest crypto exchange in Canada. QuadrigaCX founder and CEO, Gerald Cotton, died in April 2019, leaving Cotton with the private keys to his wallet, so the company declared bankruptcy, leaving its crypto untraceable.
A Hint
Cotten stated on a podcast in 2014 that, for any emergency, he has printed his private keys and kept them offline in a safety deposit box at a bank. At the time, the firm assured efforts to retrieve the cryptocurrency from those cold wallets, but that was never done.
Bankruptcy and Return
QuadrigaCX owed up to $200 million to approximately 155,000 exchange users. According to ZachXBT, BTC worth $1.7 million were transferred now that the sudden activation of QuadrigaCX's wallet has come to public attention. Its former management may have to answer.
History'
QuadrigaCX was the largest crypto exchange in Canada. QuadrigaCX founder and CEO, Gerald Cotton, died in April 2019, leaving Cotton with the private keys to his wallet, so the company declared bankruptcy, leaving its crypto untraceable.
A Hint
Cotten stated on a podcast in 2014 that, for any emergency, he has printed his private keys and kept them offline in a safety deposit box at a bank. At the time, the firm assured efforts to retrieve the cryptocurrency from those cold wallets, but that was never done.
Bankruptcy and Return
QuadrigaCX owed up to $200 million to approximately 155,000 exchange users. According to ZachXBT, BTC worth $1.7 million were transferred now that the sudden activation of QuadrigaCX's wallet has come to public attention. Its former management may have to answer.
