$90M Worth of ETH Lost by QuadrigaCX Has Been Located – Is There Hope for Quadriga Users?
Jeremy Wall's original article for www.investinblockchain.com reduced by 54%
The infamous QuadrigaCX case, where $190 million in user funds went missing following the death of Quadriga CEO Gerald Cotten, may be getting closer to being cracked. It may be possible to recover a large majority of the "Thought to be lost forever" $190 million worth of QuadrigaCX user funds. Per the detailed report curated by Zerononcense and edited by James Edwards, the QuadrigaCX transaction analysis reveals shocking information as to where the deceased CEO stored user funds.
"Based on the transaction analysis included in the report, it appears that a significant amount of Ethereum was transferred to these exchanges as a means of 'storage' during the years that QuadrigaCX was in operation and offering Ethereum on their exchange." Major cryptocurrency exchange Kraken is dedicated to solving the QuadrigaCX case and finding the missing user funds. According to Powell, if the missing QuadrigaCX funds are located on cryptocurrency exchanges, the funds can be recovered. "This is the best hope that QuadrigaCX clients have - that Cotten was keeping client funds in other exchanges.
Unfortunately, nothing at Kraken. Hopefully, others are looking. Could be accounts were created under different names so might take some real digging to find..
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Summarised crypto news.