Lost Bitcoins From QuadrigaCX Are Allegedly Found
A user of the Reddit forum, nicknamed dekoze, found five addresses where the bitcoins lost by the Canadian exchange QuadrigaCX may be kept.
The researcher calculated that the total amount of funds on these wallets is 104 BTC ― approximately the same number of coins, 103 BTC, the exchange allegedly by mistake sent to cold addresses that it did not have access to.
The dates also coincide — on February 6, the balance in the hot storage reached 104 bitcoins, and at the same moment, these funds were transferred to five addresses via multiple transactions. It is noted that these wallets have not been active since April last year.
As previously stated in the report of Ernst & Young, of the scandalous exchange’s auditor, QuadrigaCX sent these bitcoins mistakenly and has no keys to the addresses. Representatives of the platform explain this circumstance with the death of Gerald Cotten, the founder of QuadrigaCX, who personally controlled access to the cold storage.
The addresses found by dekoze as part of the pool of cold wallets managed by Cotten, the researcher notes. However, he traced transactions and noticed that namely these addresses, in turn, transferred funds to the main hot account of Bitfinex. According to one version, QuadrigaCX may be using another exchange to store its funds. According to another — the Canadian exchange sold these bitcoins to Bitfinex fraudulently.
However, dekoze admits that his investigation is no more than a speculation, and the facts he discovered should be checked by law enforcers.
Previously, Coinbase suggested to create copies of keys in cloud services.