Bitcoin Addresses Tied to Defunct Canadian Crypto Exchange QuadrigaCX Wake Up

Dec 20,2022
KingData News: More than 100 bitcoins tied to the defunct Canadian crypto exchange QuadrigaCX were transferred out of cold wallets thought to be beyond anyone’s control over the weekend, after sitting dormant for more than three years. The company's bankruptcy trustee, Ernst and Young, did not initiate the transfers, CoinDesk has learned. EY announced in February 2019 that it lost control of about 100 BTC after mistakenly sending the coins to Quadriga-operated cold wallets that the Big Four financial services firm said it couldn’t access. At the time, the bitcoin was worth around $355,000 (C$470,000). The bitcoin in these addresses remained frozen until last Friday, when the coins in all five addresses left between 6:52 p.m. ET and 7:14 p.m. ET.
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