Disgraced Crypto Exchange QuadrigaCX Accidentally Sent Nearly $400,000 to Dead CEO’s Bitcoin Wallet

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On February 12, Ernst and Young (EY), the monitor of the QuadrigaCX case, released its first report with the Supreme Court of Nova Scotia. In it, EY stated that the exchange “inadvertently” moved $370,800 in Bitcoin to a cold wallet controlled by CEO Gerald Cotten, who passed away. The report of the monitor read: “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately CAD $468,675 to Quadriga cold wallets which the Company is currently unable to access.” “The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.” Throughout the past

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