Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’

2019-2-23 15:21

Brian Armstrong, the CEO of Coinbase, one of the world’s largest crypto exchanges, said that the company conducted internal research on the QuadrigaCX case. QuadrigaCX has been claiming that Gerald Cotten, its CEO, passed away with sole control over its cold wallets containing $150 million in various cryptocurrencies including Bitcoin and Ethereum.

However, independent researchers claimed that there is not enough evidence to prove the existence of cold wallets operated by Cotten. Armstrong also stated that balances from the QuadrigaCX cold wallets were moved out in early 2018. 1. We identified clusters that look like QCX's "cold storage", were controlled

The post Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’ appeared first on CCN

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Where’s the ‘Missing’ $150 Million? Crypto Exchange QuadrigaCX’s Fiasco Gets Weirder with New Research

According to a cryptocurrency researcher with an online alias “ProofofResearch,” QuadrigaCX may not have a Bitcoin cold wallet nor $150 million in crypto. In a research paper, Zerononcense editor ProofofResearch stated that based on the evaluation of the company’s 31 Bitcoin addresses, no evidence to prove the existence of a cold wallet for QuadrigaCX was found.

2019-2-5 17:46


MyCrypto CEO: QuadrigaCX May Not Have Ethereum Cold Wallet, Where’s the Missing $150m?

Taylor Monahan, the founder and CEO of MyCrypto, one of the most widely utilized non-custodial wallets in crypto, has said that QuadrigaCX may never have had an Ethereum cold wallet. Crypto Wallet CEO Raises Questions about QuadrigaCX’s Claims After evaluating three main Ethereum addresses used by QuadrigaCX, Monahan said that all of the addresses were likely owned by customers, not by the exchange.

2019-2-5 03:45


Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds?

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party.

2019-2-3 11:48