QuadrigaCX’s Hot Wallets Started Moving With The $150 Million That Went Missing

As previously reported in our digital currency news on the missing $150 million from Canada’s largest crypto exchange QuadrigaCX, it seems like the funds are on the move.

After the CEO of the exchange passed away, more than $190 million in funds remained stored in the exchange both in fiat and crypto and some experts believe that the wallets connected to the exchange’s hot wallets are moving.

A user at Reddit under the name of ‘’Palhello’’ discovered that the major wallets that are have interacted with the exchange’s hot wallet have received a few transactions after the case was published to the public. He claimed:

“Any address that has input into the hot wallet are wallets that are fully in control of Quadriga (could also be an address that belongs to a Quadriga user whose private key belongs to Quadriga).’’

He also continued to explain that despite the private keys that war held by the CEO is lost; the wallets cannot initiate a transaction:

‘’If these are really cold addresses there should be no outgoing transaction from them if private key is lost. Regardless, the addresses posted are or at least used to be controlled by Quadriga.’’

We cannot be sure whether the four wallets are owned by customers or by other users which are not under the control of QuadrigaCX. An official investigation has to conclude by the local police and until then it will be difficult to prove that the wallets are interacting with QuadrigaCX’s hot wallet, are actually the exchange’s cold wallets.

The CEO of Kraken pointed out:

‘’We have thousands of wallet addresses known to belong to QuadrigaCX and are investigating the bizarre and, frankly, unbelievable story of the founder’s death and lost keys. I’m not normally calling for subpoenas but if the Royal Canadian Mounted Police are looking into this, contact Kraken.’’