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<h2 id="header-0">On December 17, 103 Bitcoin were transferred from the defunct 2019 exchange QuadrigaCX.</h2><h2 id="header-1">The collapsed cryptocurrency exchange QuadrigaCX was linked to five <a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin</a> wallets. The exchange has made its first money transfer since going bankrupt.</h2><p>On December 17, 103 BTC worth 1.75 million USD were exchanged, according to blockchain sleuth ZachXBT. ZachXBT observed the transmission of 69 BTC, or 1.16 million USD, from two of the addresses to the crypto mixing service Wasabi. Usually, it is used to hide a specific Bitcoin&#39;s transactional history.</p><p>After QuadrangaCX filed for bankruptcy in 2019, the court appointed the firm EY to handle the case. It said that at the time, the business had transferred 469,000 <a href="https://www.coingabbar.com/en/crypto-currency/usd-coin-usdc-prices-usd" rel="noopener noreferrer nofollow">USD</a> (103 BTC) worth of bitcoin. The coins were transferred to cold wallets that the corporation couldn&#39;t access. The wallets that are now operational were previously linked.</p><h3 id="how-were-the-bitcoins-moved">How were the Bitcoins moved?</h3><p>Magdalena Gronowska, a member of the QuadrigaCX creditor committee, asserted to report that the EY had no involvement in transporting the assets. Therefore, it is yet unknown why these Bitcoins are being moved. These cryptos are being sought for by the EY.</p><p>QuadrigaCX, formerly Canada&#39;s top cryptocurrency exchange, declared bankruptcy in 2019. This occurred three months after Gerald Cotten, the company&#39;s founder, mysteriously passed away. As previously stated, Cotten passed away while on tour in India as a result of an autoimmune health issue. Later, his widow asserted that neither his company data nor passwords are accessible to her. Bloomberg was informed by her at the time that he always kept the keys to himself.</p><p>Customers also asserted that he faked his own death in order to keep the money from the investors. Numerous clients would never be able to recover their investment in the company.</p><p>Although the cause of his death is still unknown, Netflix created a series about him earlier this year.</p>

QuadrigaCX Defunct Exchange Moved 103 Bitcoin, Fraud?

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