Saturday , July 24 2021

An important part of the air that originates from the exchange of QuadrigaCX on the founder's death forever

Coins for the million dollars of Ethereum were transferred from QuadrigaCX to other sites in December, on the eve of the death of Gerald Koten, the founder of the stock exchange. This is reported by CoinDesk.

Some transactions from the hot QuadrigaCX wallet for a total of over 9,000 ETH were sent to the Binance, Kraken and Poloniex exchanges. At the same time, payments for 5,000 ETH were paid between December 2 and December 8, just before the death of Gerald Koten. Most broadcasts sent from the wallet of this exchange this week have proved to be the largest crypto-exchange in Binance.

It is not clear who exactly started with these transactions – users or stock market representatives. These crypto-currents were under the control of the community.

On the other hand, it is possible that these large transactions were carried out by representatives of QuadrigaCX, who had to convert the crypto into Fiat in order to finance the company's operating costs. It should be noted that the processing of payment services in turn closed the bank account of the platform last year, blocking $ 22 million.

On the other hand, Binance, Kraken, Poloniex and Bitfinex have not yet responded to CoinDesk requests for transactions from the QuadrigaCX wallet.

Another question is how much money QuadrigaCX keeps in the cold store and how much on hot wallets. According to the court statement, a widow in Kotten, Jennifer Robertson, the company kept only a "minimum amount of coins" on the "hot" wallet when accessing the Internet.

According to Jesse Powell, Executive Director of Kraken, QuadrigaCX's story is "weird and incredible." At the same time, there are thousands of titles associated with the exchange.

Let's remember that the exchange of QuadrigaCX can not access a $ 190 million wallet with user funds.

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