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Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

Published 2019-02-12, 08:00 p/m
Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access
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Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12.

The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold wallets since, as Cotten was solely responsible for the wallets and corresponding keys.

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