QuadrigaCX assets were allegedly withdrawn to Poloniex and Bitfinex

Part of the missing assets of the Canadian cryptocurrency exchange QuadrigaCX may “with a high degree of probability” be on the Poloniex and Bitfinex exchanges. This was reported in a report by the authors of the blog Zerononcense.

The report's authors claim that they were able to track transfers in the amount of 649,708 ETH (about $ 100.4 million at the time of operations).

They installed 12 Ethereum wallets, which, according to their supposition, belong to QuadrigaCX, and noticed that the last transactions from them were held on December 8, 2018, that is, one day before the death of Gerald Kotten, founder of the exchange:

• 0x0ee4e2d09aec35bdf08083b649033ac0a41aa75e
• 0xd72709b353ded6c8068cc78988613587a4cae8de
• 0xb6aac3b56ff818496b747ea57fcbe42a9aae6218
• 0x027beefcbad782faf69fad12dee97ed894c68549
• 0x45cab8d124fce8663581172c614f2ee08d01d48e
• 0x696dd748a2edd9692ed93bd592dd2f293483eada
• 0x0247bc4e03142079cfa2e3daf500722ed0f9a6b2
• 0xd543154fb94528c4fc54b9c27128c2d86c6322be
• 0x67fC93fD01A15D9FB02a80D0AE6207fB45625be4
• 0xb90a82ec61627885eab72f4253939285ba40c91d
• 0x79855af491352646e73bd12d7b92d6c814e71b4c
• 0x57b727dc48b5d9261958e0fb9f94fa02dc328bf6

“The joint analysis of MyCrypto CEO Taylor Monahan, Elementus and the author of the report suggests that Bitfinex and Poloniex have funds belonging to QuadrigaCX,” the publication said.

However, it is impossible to guarantee that these assets are still on the named exchanges.

According to Taylor Monahan, QuadrigaCX could use the data of its own clients to register accounts on third-party exchanges.

“Do not forget that Quadriga users have passed identification. That is, the exchange has a lot of KYC data. They could open accounts for any of these data in order to subsequently transfer money there, ” she said.

Recall that in February it became known that the QuadrigaCX exchange lost access to users' funds for $ 190 million ($ 137 million in cryptocurrency and $ 53 million in Fiat). Due to unrecorded obligations, this amount may, however, turn out to be $ 6 million higher.

Coinbase researchers were able to detect clusters that are more likely to be cold repositories of QuadrigaCX. Means, according to analysts, were transferred in manual mode, and the withdrawal of balances was completed in early 2018.

In turn, Elementus researchers claim that QuadrigaCX never had any cold storage for Ethereum, and about 268 thousand ETH were transferred from the exchange to the exchange platform ShapeShift.

Earlier, the popular Bitcoin exchange Kraken announced its willingness to pay a reward of $ 100,000 for information that will help in the search for QuadrigaCX assets.

Subscribe to BlockchainJournal on YouTube !