Has this Crypto Researcher Found $100 Million in Lost QuadrigaCX Funds?
Nick Chong's original article for blockonomi.com reduced by 44%
The bind that QuadrigaCX, once one of Canada's largest Bitcoin exchanges, has found itself in has rattled the crypto industry for weeks on end. Edwards, the go-to researcher for information pertaining to QuadrigaCX's multi-week imbroglio, noted that there's a "Very strong possibility" that Kraken, Bitfinex, and Poloniex, three of the world's largest crypto upstarts, hold a majority of the 'lost' Ether. The researcher, also known as Proof Of Research on Twitter, claims that 649,708 Ethereum tokens, valued at over $100 million at their transfer date, have found their way onto the three aforementioned exchanges.
QuadrigaCX skeptic Jesse Powell, the Bay Area-based CEO of Kraken, vehemently denied that his company holds any Ether pertaining to the exchange, citing updated blockchain data to back his point. It is unclear whether the accounts were owned by the now-deceased Cotten's, a QuadrigaCX employee, Cotten's widow, or another group. As there are ongoing lawsuits against QuadrigaCX, mainly for its inability to manage crypto holdings and its seeming incompetency, some claim it would only be logical for platforms involved to contribute their insight.
As reported by Blockonomi earlier today, Jesse Powell of Kraken recently put out a $100,000 bounty for information pertaining to the lost QuadrigaCX funds.
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