Search for missing Quadriga cryptocurrency turns up six empty cold wallets GlobeBusiness
The high-profile search for $190 million in missing cryptocurrency owed to users of the beleaguered QuadrigaCX trading platform has turned up a small amount of digital assets, but the intrigue surrounding the case deepened Friday as investigators pointed to a series of transactions they can’t explain.
The monitor said QuadrigaCX and its affiliated companies were unable to explain why the cold wallets haven’t been used in several months. Meanwhile, the monitor confirmed it had also became aware of three other potential cold wallets, but they were also empty. Transaction data indicates there was a significant volume of activity associated with these accounts, including withdrawals of cryptocurrency to wallet addresses not associated with Quadriga, the report says.
Court documents say Cotten had sole control of encrypted passcodes required to gain access to the company’s offline digital assets. Four of those exchanges responded to the monitor, but only one confirmed it was holding a minimal amount of cryptocurrency on behalf of the insolvent company. Those digital assets were eventually transferred to the monitor.
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