Consulting firm Ernst & Young (EY), which was entrusted to act as an auditor at QuadrigaCX, said that since April last year, no significant activity has been identified on the cold wallets of the Canadian stock exchange. There are also no traces of more than 26,000 BTC that the exchange owes its users.
The relevant information was presented in the framework of the “Third Monitoring Report” of EY, dedicated to the issue of funds missing from QuadrigaCX.
According to the report, the auditors were able to detect six cryptocurrency wallets, which were mainly used for cold storage of bitcoins. Apart from one erroneous transaction in the amount of slightly over 100 BTC in February, no other deposits have been received at this address since April 2018.
At the moment, these wallets are empty, except for coins that were shipped in February. Thus, the finding of 26,350 BTC (at the current rate of about $ 100 million), which QuadrigaCX should pay to its users, remains unknown.
EY also declares that the reason why the Canadian exchange has stopped using the identified cold bitcoin wallets is not yet known to it. To clarify all the circumstances of the case, the auditor will continue to examine the QuadrigaCX database.
They did not report whether they managed to find other cold bitcoin wallets of the exchange, as well as wallets for other popular cryptocurrencies that were supposed to be there.
Earlier, the authors of the Zerononcense blog stated that some of the missing QuadrigaCX assets may “with a high degree of probability” be on the Poloniex and Bitfinex exchanges. EY representatives did not comment on this information.
On the eve of its willingness to pay a reward of $ 100,000 for information that will help in the search for cryptocurrency assets missing from QuadrigaCX, said the Kraken exchange.
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