Bitcoin related to the already invalid QuadrigaCX exchange has been clearly moved. Bitcoin, previously considered inaccessible, was mysteriously removed from various wallets, leading to speculation about who can browse such wallets.

1.7 million USD holiday dormitory detailed address

The collapse of QuadrigaCX Exchange (the largest exchange in Australia at that time) caused many customers to lose money. Most of the damage was attributed to the improper management of Gerald Cotten, the investor, but in fact, a large part of the damage was due to the fact that QuadrigaCX's wallet was said to be inaccessible, because it is believed that she took her personal keys to the tomb after her death in 2018. However, because five wallets related to the exchange were just provoked after four years of inactivity, most of the things that everyone agreed on have now been overturned.

It was found by ZachXBT, an online detective who was notorious for uncovering a data encryption fraud company on a social platform. Zach marked some wallets on Monday, showing a total of five bitcoin wallets, moving about 104 BTC, and using a value of 1.7 million dollars. Each BTC is transferred to a different type of wallet on Sunday.

The connection between these five wallets and QuadrigaCX will be found by researchers in 2019, who have been trying to determine which wallet Cotten puts coins in. Since the death of its founder, this wallet lacks theme activities, which further verifies this point.

Where's Bitcoin?

So far, it has used Bitcoin worth 1.7 million dollars to store uncertain wallets. None of the coins were transferred to the central exchange, which means no one tried to sell them. However, the rebirth of the wallet has raised speculation about who might move the coin.

One of the most popular basic theories is that these coins were accidentally transferred to Gerald Cotton's cold wallet. The total number is very similar (about 103 BTC), but there are other basic theories for analysis.

Another view is that this may be related to the recycling diligence of Ernst&Young's team responsible for the exchange's fund recovery, but according to CoinDesk, a debtor of Quadriga confirmed that E&Y was not behind this measure. In addition, about half of the BTCs are sent to Wasabi, a known data encryption hybrid service platform, and E&Y is definitely not behind the scenes.

QuadrigaCX users lost nearly $200 million when the data encryption exchange crashed, and have not recovered yet. E&Y thinks that it is mainly because Cotten is the only person who can use his wallet, because he did not store everything to establish records, so it is difficult to retrieve coins.