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QuadrigaCX Exchange mistakenly transferred the BTC lot to a blocked wallet

The largest Canadian cryptocurrency exchange QuadrigaCX again found itself in the center of the scandal. Due to the negligence of employees, the marketplace transferred 103 Bitcoins (more than $ 375,000 at the current exchange rate) to a cold wallet, access to which was lost last year.

The audit firm Ernst and Young (EY) discovered that the exchange had moved more than 103 BTC to a cold wallet that was not accessible from the death of Gerald Kotten, the founder of the exchange, last December.

“On February 6, 2019, Quadriga inadvertently transferred 103 Bitcoins worth about 468,675 Canadian dollars into a cold wallet that the company currently cannot access. The auditor works with the manager to restore the cryptocurrency, located in various cold wallets, if possible, ”the report of Ernst and Young says.

EY reported that it would take control of the stock exchange assets remaining in its hot wallets, transferring them to its own cold wallet. These assets include 51 Bitcoin, 951 broadcasts, 33 Bitcoin Cash, 0.0135 Bitcoin Cash SV, 2032 Bitcoin Gold and 822 dytcoins. EY will also take control of electronic devices that "allegedly belonged to the ex-head of the exchange, Gerald Cotten, or which he could use in the company's operations." Among these devices are four laptops, four mobile phones and three encrypted USB keys. EY announced that it is cooperating with third-party payment processors in order to unblock access to the fiat balance sheets of the exchange.


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