According to a study published by the cryptocurrency research and consulting platform ZeroNonCense on February 28, the Canadian crypto exchange QuadrigaCX, which has recently attracted all the attention of the crypto community after losing access to its cold wallets due to the death of its CEO, could have stored a significant amount of ethereum in other exchanges.
The information has been confirmed by both Kraken's CEO, Jesse Powell, and MyCrypto's, Taylor Monahan. The author of the report claims that 650,000 ethereum tokens belonging to QuadrigaCX were stored in Kraken, Bitfinex and Poloniex.
According to the report, QuadrigaCX has accounts in all these exchanges, and when the ETH tokens were sent to these platforms, the funds were worth around $100 million.
Why it is important
- Kraken has recently offered a $100,000 reward to recover QuadrigaCX’s missing funds, which were lost when its CEO, the only person who had access to the cold wallets of the exchange, died in India.
- Some users claimed that the CEO had faked his own death in order to steal the users' funds. However, the Indian authorities shared his official certificate of death.
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