Home Blockchain News Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’

Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’

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Brian Armstrong, the CEO of Coinbase, one of the world’s largest crypto exchanges, said that the company conducted internal research on the QuadrigaCX case. QuadrigaCX has been claiming that Gerald Cotten, its CEO, passed away with sole control over its cold wallets containing $150 million in various cryptocurrencies including Bitcoin and Ethereum. However, independent researchers claimed that there is not enough evidence to prove the existence of cold wallets operated by Cotten. Armstrong also stated that balances from the QuadrigaCX cold wallets were moved out in early 2018. 1. We identified clusters that look like QCX's "cold storage", were controlled

The post Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’ appeared first on CCN

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