- Zerononcense has published a report alleging that 60,000 units of Ethereum are stored on Kraken, Bitfinex, and Poloniex
- The funds were allegedly transferred by the late CEO when the exchange was still operational
- Kraken has put out a bounty for any information about the missing funds
When it was revealed that over $250 million of customer funds had been locked away in cold wallets that were only accessible by QuadrigaCX’s late CEO, rumors immediately began flying of fake deaths and an exit strategy.
60k ETH Found
It now seems that some of the missing ETH supply that belongs to the exchange has been tracked down. This came to light as a result of a recently published report by Zerononcense blog who analyzed transactions that were taken by QuadrigaCX-controlled wallets.
According to the research, there is evidence to support the rhetoric that huge amounts of Ethereum were sent from the wallets to three crypto exchanges which are Kraken, Bitfinex, and Poloniex. The amount of Ethereum in question is over 60,000 units and it was reportedly sent during the years that QuadrugaCX was in operation as a means of storage.
It was noted that during the testimony of Jennifer Robertson, the widow of the law CEO Gerry Cotten, she claimed that neither she nor the other people who worked at QuadrigaCX knew when Cotten was moving funds but that he often moved funds to other exchanges. This also seems to support the idea that the funds might be in these exchanges.
It would also explain, the report says, why no QuadrigaCX employees have yet been able to locate the cold wallets that have been such a hot topic, given that the company is rumored to be going bankrupt.
The report goes on to say that the three exchanges should be contacted to inquire about whether any accounts could be traced back to QuadrigaCX. If they can, some of the funds could be used in paying back those whose money has been inaccessible since the CEO’s death and could also make the Exchange solvent again.
So far, Kraken has been the first exchange to speak out about the matter. On February 28, 2019, they put out a bounty of $100,000 for anyone who could provide valuable Information on the whereabouts of the missing funds.
“Do you know anyone who may know something that can help law enforcement locate the funds?
If so, let us know and we’ll pass your tips on to law enforcement. Kraken is giving up to $100,000 USD (fiat or crypto) as a reward for the tip(s) that best lead to the discovery of the missing $190 million US dollars,” the post on their website says.