TechBizWebTechBizWeb

    Subscribe to Updates

    Get the latest news about Technology and Business from all around the web..

    What's Hot

    Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US

    November 7, 2022

    Ryanair swings to first-half profit and raises passenger forecast

    November 7, 2022

    Devialet brings its sci-fi design aesthetics to a $790 portable speaker

    November 7, 2022
    Facebook Twitter Instagram
    • About Us
    • Privacy Policy
    • Guest Post
    • Terms
    • Contact
    Facebook Twitter Instagram
    TechBizWebTechBizWeb
    Subscribe
    • Home
    • Technology

      Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US

      November 7, 2022

      Devialet brings its sci-fi design aesthetics to a $790 portable speaker

      November 7, 2022

      Elon Musk’s response to fake verified Elon Twitter accounts: a new permanent ban policy for impersonation

      November 7, 2022

      The iPhone 14 Pro and Pro Max will come with ‘longer wait times’ due to factory lockdown

      November 6, 2022

      Meta’s reportedly planning to lay off ‘thousands’ of workers this week

      November 6, 2022
    • Business
    • Cyber Security
      National Security News

      List of 620 Russian spies, featuring one alleged agent at the centre of one of the biggest personal scandals in Wall Street history.

      September 24, 2022

      Cybersecurity ranked most serious enterprise risk in 2022

      August 31, 2022

      Registration open for CISA virtual summit on K-12 school safety

      August 31, 2022

      What do the Trickbot leaks reveal about Russian cybercrime?

      August 31, 2022

      What cybersecurity measures do CISOs outsource?

      August 30, 2022
    • Blockchain
    • Vulnerabilities
    • Social Engineering
    • Malware
    • Cyber Security Alerts
    TechBizWebTechBizWeb
    Home»Blockchain»QuadrigaCX Sends All Its Ether and Bitcoin to Ernst & Young Auditor
    Blockchain

    QuadrigaCX Sends All Its Ether and Bitcoin to Ernst & Young Auditor

    February 21, 2019Updated:February 23, 2019No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email


    When QuadrigaCX’s founder Gerald Cotten died last month, he took the private keys to Quadriga’s cold storage wallets with him.

    The founder and CEO died from Crohn’s disease in December 2018. He was the only individual to know the private keys that could access $136 million USD in cryptocurrencies stored offline.

    QuadrigaCX Creditor Protection

    After the fact, the exchange was granted creditor protection by The Supreme Court of Nova Scotia. This meant it could take some time to try and recover the missing cryptocurrencies. It was also going to try to recoup its losses by unlocking a further $53 million USD in fiat currency held by payment processors.

    According to CoinDesk: “The company sought to preempt any litigation from customers hoping to recoup their losses, according to the filing.”

    What was Canada’s largest cryptocurrency exchange went offline completely in January.

    QuadrigaCX and Ernst & Young

    Nova Scotia Supreme Court Judge Michael Wood suggested that the company’s hot wallet funds be sent to the safety of new cold wallets maintained by the exchange’s court-appointed monitor Ernst & Young (EY).

    Now, a report released today confirms this has happened. According to EY:

    “On February 14, 2019, after testing the transfer arrangements, the Applicants successfully transferred the following cryptocurrency to the Monitor […] The Monitor will hold the cryptocurrency in cold storage pending further order of the Court.”

    >> Coinbase Wallet Expanding with New Support for Bitcoin Cash

    QuadrigaCX’s online wallets, or hot wallets, have been almost emptied and the funds sent to EY. The tally includes 52 Bitcoin (BTC), 960 Ether (ETH), 33 Bitcoin Cash (BCH), 2,000 Bitcoin Gold (BTX), and 822 Litecoin (LTC).

    A Bad Situation

    A month on from announcing the issue, QuadrigaCX has still had no success in recovering the frozen crypto. It also then made a bad situation worse by losing a further 100 Bitcoin earlier in February when it mistakenly sent them to the cold wallets that it cannot access. It did not reveal exactly how this happened.

    What a sudden downfall for QuadrigaCX, the largest crypto exchange in Canada. Is this a clear example of one issue with the security measure of the crypto private key system? What do you think?

    Featured Image: QuadrigaCX


    Coinbase WalletPrevious

    Coinbase Wallet Expanding with New Support for Bitcoin Cash

    OKExNext

    OKEx C2C Platform Adds Ripple (XRP) and Bitcoin Cash (BCH)

    If You Liked This Article Click To Share



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Google Cloud Says Running Validator on Solana Blockchain

    November 7, 2022 Blockchain

    Binance Liquidates Entire FTT Holdings

    November 7, 2022 Blockchain

    Elrond Transforms Into MultiversX, Launches 3 New Metaverse Products

    November 7, 2022 Blockchain

    WeSleep Unveils its ‘Sleepie’ NFTs

    November 7, 2022 Blockchain

    OpenSea Creates Tool for NFT Creators to Enforce Royalties On-Chain

    November 7, 2022 Blockchain

    Circle to Introduce Euro Coin and Cross-Chain Transfer Protocol to Solana in Early 2023

    November 7, 2022 Blockchain
    Editors Picks

    Ryanair swings to first-half profit and raises passenger forecast

    November 7, 2022

    Devialet brings its sci-fi design aesthetics to a $790 portable speaker

    November 7, 2022

    Google Cloud Says Running Validator on Solana Blockchain

    November 7, 2022

    European stocks rise as investors boosted by China speculation

    November 7, 2022
    Trending Now

    Evergrande creditors sell ‘Versailles mansion’ plot in Hong Kong

    By techbizweb

    OpenSea Creates Tool for NFT Creators to Enforce Royalties On-Chain

    By techbizweb

    FTSE chairs warn of declining relations with institutional investors

    By techbizweb

    https://www.nationalsportsacademy.com

    slot gacor hari ini

    http://www.inadesfo.org/

    http://www.eueomgbissau.org/

    http://www.congo-mai-mai.net/

    http://www.angelesdelafrontera.org/

    http://fifaworldcup2018schedule.com/

    http://tony4gtrmcr.co.uk/

    http://www.standrewsagreement.org/

    http://www.bob-russell.co.uk/

    http://davidmulholland.co.uk/

    http://railwayhotelenniskillen.com/

    http://www.fantasysportstrades.com/

    http://www.rainleaf-flooring.com

    http://mothersagainstguns.org/

    http://ma-coc.org/

    slot online

    http://www.paradoxmag.com/situs-judi-slot-online-gampang-menang-2021/

    http://www.paradoxmag.com/situs-judi-slot-online-terbaru-2021/

    http://slot-terbaru.net/

    Slot Gacor

    Slot Online

    Situs Slot Gacor

    http://www.appdexterity.com/

    https://cars4kids-deutschland.de/

    https://www.stretchingculture.com/

    https://www.b-123-hp.com/slot-gacor/

    https://denzstaffing.nl/

    https://ezbbqcooking.com/slot-gacor/

    https://www.mbahelp24.com/slot-gacor

    https://minhtanstore.com/slot-jackpot-terbesar/

    https://njbpusupplierdiversity.com/slot-gacor-gampang-menang/

    https://www.floridaspecialtycropfoundation.org/slot-gampang-menang/

    https://childrenscornerpreschool.org/slot-gacor-gampang-menang/

    https://cryptoquoter.com/slot-online-terbaik/

    https://alorkantho24.com/slot-gacor/

    https://ellas.xyz/slot-gacor/

    https://it.dougamatome.xyz/slot-online/

    https://www.daltercume.com/slot-gacor/

    https://josi-ana.dougamatome.xyz/slot88/

    https://josi-ana.dougamatome.xyz/slot-gacor/

    https://fastobserver.com/slot-jackpot-terbesar/

    https://www.planetexperts.com/slot-gacor/

    https://bfsolution.group/slot-bet-kecil/

    https://rustleva.co/slot/

    https://bfsolution.group/slot-bet-kecil/

    https://www.hotelcalimareal.com/togel-online/

    https://anime-game.dougamatome.xyz/slot-gacor-gampang-menang/

    https://anime-game.dougamatome.xyz/togel-online/

    https://bourbonbarrelfoods.com/slot/

    http://suneo39.wp.xdomain.jp/slot/

    https://techbizweb.com/slot-gacor/

    https://www.generalcatalyst.com/18-daftar-slot-gacor-terbaik-gampang-menang-jackpot-hari-ini/

    https://www.hotelcalimareal.com/slot-online/

    https://www.blockgates.io/slot-gacor/

    https://l12.com.br/slot-gacor/

    slot paling gacor

    https://www.donalds-hobby.com/slot-online/

    https://thecryptodirt.com/slot-gacor-hari-ini/

    http://iseta.edu.ar/aulavirtual/app/upload/users/1/1205/my_files/sbobet.html

    http://escuelavirtual.mincit.gov.co/app/upload/users/1/194/my_files/slot.html

    https://www.dev.medecinesfax.org/courses/JUDICASINO/document/slot.html

    http://www.e-archivos.org/cursos/courses/JUDICASINO/document/slot-gacor.html

    http://iesma.com.br/ead/main/upload/users/4/447/my_files/slot.html

    https://www.fundacoop.org/chamilo/app/upload/users/1/1185/my_files/slot.html

    https://fata-aatf.org/eskola/main/upload/users/3/31/my_files/slot.html

    https://uancv.edu.pe/ofinvestigacion/app/upload/users/3/328/my_files/slot-terlengkap.html

    https://micost.edu.my/EL/app/upload/users/2/209/my_files/slot-gacor.html

    https://www.academiacoderdojo.ro/elearningdev/app/upload/users/2/2442/my_files/slot-online.html

    http://campus-cidci.ulg.ac.be/courses/JUDICASINO/document/slot-termurah.html

    https://www.escueladerobotica.misiones.gob.ar/aula-ste/courses/LIVECASINO/document/slot-tergacor.html

    http://ccdipeepccqqfar.usac.edu.gt/chamilo/app/upload/users/3/358/my_files/slot-online.html

    https://cunori.edu.gt/campus/app/upload/users/7/7334/my_files/slot-online.html

    http://u-rus.com.ar/aula/app/upload/users/1/1322/my_files/slot.html

    http://icrodarisoveria.edu.it/chamilo/app/upload/users/1/1855/my_files/slot.html

    https://iestpliliagutierrez.edu.pe/clarolgm/courses/CASINO/document/slot.html

    http://pva.cobach.edu.mx/app/upload/users/7/7379/my_files/slot.html

    http://www.imb-pc-online.edu.gt/PL/app/upload/users/3/373/my_files/slot.html

    http://avcs.upeu.edu.pe/main/upload/users/3333/my_files/slot.html

    https://chamilo.fca.uas.edu.mx/app/upload/users/1/11186/my_files/slot-online/

    TechBizWeb
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    • Guest Post
    • About Us
    • Privacy Policy
    • Our Authors
    • Terms and Conditions
    • Contact
    © 2023 Tech Biz Web. Developed by Sawah Dev.

    Type above and press Enter to search. Press Esc to cancel.