An independent researcher has claimed to have found a group of addresses that he believes belong to one of the cold wallets of the now defunct Canadian crypto exchange. It’s a notable discovery given that the exchange had already claimed that it was unable to access the wallets since the death of Gerald Cotten who was the CEO.
The New Discovery Complicates The Case For QuadrigaCX
In a post on Feb. 13 by Reddit user u/dekoze, there is a strong likely hood that the five addresses belong to QuadrigaCX and they are just a fraction of the many wallets associated to the exchange.
On Tuesday Ernst & Young (EY) in its first progress report told the Canadian court that on Feb. 6 the exchange had mistakenly transferred 103 to its cold wallets which it was unable to access. EY is the firm that was appointed by the court to monitor the proceedings at .
According to the analysis by u/dekoze, the transactions sent to the identified addresses on the same date matched the amount of Bitcoins the exchange claimed to have mistakenly sent to the cold wallets.
Interestingly, the researcher adds “Notably, every address was inactive since April 2018, and the majority of their received was either directly from the QCX hot or a 1 transfer removed from the hot . With all this information this we can confirm: These five addresses are a portion of the QCX cold addresses.”
He went on to list the five addresses and the number of Bitcoins they had received totaling to 104.335 .
• 1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa received 36.37786282
• 1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB received 33.19556316
• 1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M received 19.54328527
• 1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe received 10.34268585
• 1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R received 4.87560516
To support the discovery the researcher noted that the first address had once received a small amount of from the 3N8auHdN9rtmHDHqNnXK4eWhfukBAQcve1, address that was listed as a hot for the crypto exchange in the court affidavit.
Also, two analysis sites OXT and Walletexplorer have “clustered” together those five addresses determining that they belong to the same entity.
Published at Sat, 16 Feb 2019 17:07:31 +0000
