In a surprising twist, five wallets previously linked to the now-defunct Canadian cryptocurrency exchange QuadrigaCX have decided to shake off their dust and move a whopping $1.7 million worth of Bitcoin. This startling revelation was highlighted by the crypto sleuth, ZachXBT, in a tweet dated December 19, revealing that these wallets, which had been dormant since early 2018, moved approximately 104 Bitcoin (BTC) on December 17.
The Wallets – Who Are They?
The five wallets that stirred the crypto pot are no longer shy, having made their first transactions in nearly five years! Here are their mysterious addresses:
- 1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe
- 1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R
- 1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M
- 1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa
- 1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB
Ever since these wallets last kicked into gear, the crypto world has been buzzing with speculation!
The QuadrigaCX Saga
Once Canada’s crown jewel of cryptocurrency exchanges, QuadrigaCX went belly up in April 2019 after the untimely passing of its founder, Gerald Cotten. He was the sole gatekeeper of the exchange’s private keys. This unfortunate event left around 155,000 users holding the bag with up to $200 million owed in cryptocurrency. Talk about a rollercoaster!
Accidental Transfers and Recovery Efforts
In a bizarre twist of fate, Ernst & Young, the accounting firm running the show during the exchange’s bankruptcy proceedings, shared that QuadrigaCX accidentally transferred 103 BTC to cold wallets controlled only by the late Cotten. Sound familiar? Yes, because this amount is eerily close to what has just resurfaced. How many more surprises are hiding in those frozen wallets?
The Great Conspiracy
The mysterious circumstances around Cotten’s death gave birth to wild conspiracy theories, with some thinking he might have faked his death to pull off an elaborate escape plan. Who doesn’t love a good mystery, especially in the world of crypto where every story is a potential plot twist?
What’s Next?
As the dust settles, one has to wonder if the recent movements of the BTC are linked to Ernst & Young’s ongoing recovery efforts. The firm has been tight-lipped on the matter, leaving the crypto enthusiasts and conspiracy theorists in a frenzy of speculation. Like waiting for a sequel to your favorite thriller, the crypto community eagerly awaits the next chapter of this gripping saga.
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