Bitcoin linked to the now-defunct QuadrigaCX exchange has been identified to be on the move. The bitcoins which had been previously thought to be inaccessible were mysteriously moved out of multiple wallets, sparking speculations on who might have access to the wallets.

$ 1.7 Million Leave Dormant Addresses

The collapse of the QuadrigaCX exchange, Canada’s largest exchange at the time, saw a lot of users lose their money. While the majority of the losses were attributed to mismanagement by funder Gerald Cotten, a good portion of it was actually because the wallets of QuadrigaCX were said to be inaccessible as it was believed that he had taken the private keys to the grave with him after his death in 2018. However, much of what was believed has now been turned on its head as five wallets linked to the exchange were just activated after four years of inactivity.   Read more...