- 600,000 Ethers, which was lost by QuadrigaCX, may have been discovered, according to crypto outlet Zerononcense.
- Based on the research, the deceased QuadrigaCX CEO had been storied vast amounts of his customer’s coins in exchanges, rather than cold wallets.
According to a research report by crypto outlet Zerononcense, 600,000 ethers, that was lost by QuadrigaCX, may have been located. The report states:
“Based on the transaction analysis included in the report, it appears that a significant amount of Ethereum (600,000+ ETH) was transferred to these exchanges as a means of ‘storage’ during the years that QuadrigaCX was in operation and offering Ethereum on their exchange.
Given the testimony in Jennifer Robertson’s affidavit stating that neither she nor the other involved individuals at QuadrigaCX were knowledgeable about where Gerry Cotten was moving and storing crypto, it is very possible that QuadrigaCX, the creditors, and other entities are unaware of this discovery.”
It was also discovered that the deceased QuadrigaCX CEO, Gerald Cotten used to store large amounts of his customer’s coins in exchanges like Kraken, Bitfinex and Poloniex, instead of cold wallets, as was previously understood.