The extinct Canadian broker QuadrigaCX has such a surreal history that even Netflix decided to make a movie about it. However, new information indicates that this conspiracy is not yet over.
This week, a user highlighted that 104 bitcoins (R$9.3 million) from QuadrigaCX were moved for the first time, on Saturday (17), after more than three years of bankruptcy.
The community was stunned and rumors about the brokerage’s founder, Gerald Cotten, flared up again. Conspiracy theories have it that Cotten faked her own death so as not to honor her clients’ recordings, and walked away with a small fortune in cryptocurrencies.
That is why many attribute this millionaire movement of funds to the founder of QuadrigaCX.
Millions in bitcoin are moves three years after the broker’s bankruptcy
Known as ZachXBT, the user caught everyone’s attention by reporting that five addresses linked to QuadrigaCX moved a small fortune last Saturday (17).
“Five wallets attributed to QuadrigaCX unexpectedly moved ~104 BTC on December 17 for the first time in years.”
Five wallets attributed to QuadrigaCX unexpectedly moved ~104 BTC for the first time in years on December 17.
1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe
1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R
1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M
1HjJMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa
1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB— ZachXBT (@zachxbt) December 19, 2022
Those most interested in this story are obviously those hurt by the broker’s bankruptcy. After all, after three years, they are still struggling to get their cryptocurrencies back.
In the comments, some are joking and others are serious. However, the main focus is on Gerald Cotten, who passed away in 2019 shortly before his broker stopped processing withdrawal requests.
“Is Gerry back from the dead?” jokes one user. “This is a crazy story. I still don’t trust the woman [de Cotten]🇧🇷 The documentary was shocking.”writes another.
The problem is that the broker’s defense argues that only Cotten, founder of QuadrigaCX, would have access to the private keys that allowed access to his clients’ funds. That is, to move these bitcoins, Cotten would have to live?
After all, who moved the money?
The person responsible for the transaction of 104 bitcoins linked to QuadrigaCX is still unknown. According to ZachXBT, author of the discovery, some of the money was sent to Wasabi, a wallet focused on privacy and often used by hackers.
Therefore, much to the horror of the aggrieved parties, it is hard to believe that the move was made by someone willing to return such bitcoins. In other words, it was carried out by someone who wanted to cover their tracks on the blockchain.
Now the big question is about Cotten’s death. While his death was not faked, it is possible that he left his clients’ money to his wife and she would be responsible for the transaction.
Such suspicion is based on Cotten’s will, written just 12 days before her death, bequeathing all her property to Jennifer Robertson.
Finally, this is yet another example of how dangerous it is to leave cryptocurrencies on exchanges. Every year several people lose money by trusting third parties and the slowness of legal proceedings does not seem like a good option for the injured parties.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
