The QuadrigaCX drama

In the last few days, the crypto world has been fascinated by the dramatic events around the Canadian QuadrigaCX crypto exchange.

The part on which everyone agrees is that the customers are unable to access their funds. Many media like The Verge further reported that the reason for this is that the founder of the exchange suddenly died, and only he knew the passwords to the “cold storage” wallets.

However, reputable Medium user Zerononcense published an analysis of what appear to be part of the wallets in question (the Bitcoin ones) and made three main conclusions: that QuadrigaCX seems to still have access to those wallets, that they do not store as much BTC as the reports invoking the founder’s death claim, and that some deposits may have been used to pay off other users.  


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