Cryptocurrency Q&A
Did QuadrigaCX send 100 bitcoins out of a cold wallet?
Did QuadrigaCX send 100 bitcoins out of a cold wallet?
RubyGlider
Wed Jul 10 2024
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6 answers
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Could you please elaborate on the reported transaction? Specifically, has QuadrigaCX indeed initiated a transfer of 100 bitcoins from a cold wallet? This is a crucial inquiry given the significance of bitcoins and the security measures associated with cold wallets. If such a transaction occurred, it would likely involve strict protocols and verification procedures. Could you provide any details regarding the timing, recipient, and possible reasons behind this potential movement of bitcoins? It is imperative to understand the full context and legitimacy of this alleged transaction.
6 answers
BlockchainBaronessGuard
Thu Jul 11 2024
These transfers occurred without the authorization or knowledge of Ernst & Young (EY), a professional services firm that had previously been involved with QuadrigaCX.
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Maria
Thu Jul 11 2024
QuadrigaCX, a cryptocurrency exchange that once held the title of Canada's largest, faced significant financial difficulties.
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CryptoEagle
Thu Jul 11 2024
In 2019, EY had mistakenly sent 100 bitcoins to QuadrigaCX's cold wallet, which is designed for secure storage of digital assets.
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TopazRider
Thu Jul 11 2024
However, the subsequent transfers of these bitcoins from QuadrigaCX's cold wallet were not carried out on behalf of or with the knowledge of EY.
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GeishaMelody
Thu Jul 11 2024
It owed its customers approximately $200 million in cryptocurrency, leaving many investors in a precarious position.
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