$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’

On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, ‘big four’ accountancy firm EY, Quadrigacx’s bankruptcy court trustee, explained it did not authorize the spending of the funds and that prior reports detailed that the cold wallets were inaccessible to EY. Cold Wallets Associated With Now-Defunct Quadrigacx Wake up After Years of Sitting Idle During the first week of Feb. 2019, the crypto exchange Quadrigacx told customers it was shutting down operations until it solved liquidity issues. Then the Supreme Court of Nova Scotia