A Canadian court gave Quadriga 30 days to repay customers 250 million CAD (190 USD), after the founder of the biggest Canadian crypto exchange died, leaving no passwords for the digital wallets stored with the exchange.
The thing is, isn't it possible to monitor the affected wallet(s) and thus verify that the claimed balances are actually there, albeit inaccessible? Likewise, it would be impossible to take advantage of the "stolen" money unless you waited years, possibly decades, for things to die down - by which time the coins might be worthless.
It is, but the QuadrigaCX cold wallets are not publicly known. (and it is even questioned if they had large cold wallets and it wasn't just a Ponzi from the get go) There are a few hot wallets that are known and on Reddit money was reported to be moving, but that can be part of the court order. Faking death boils down to plausible deniability. Even if the cold wallet's coins are moving later on, who is to say who is moving it? Maybe the CEO was indeed murdered but not before they got the key to his wallet. If this is the case, the dead guy is an excellent fall guy for the real culprits.
Question, regarding the late owner of the exchange and the possibility of an exit scam - was his body ever located and verified that it was really him?
Surprised nobody has yet posted this. https://www.bloomberg.com/news/arti...6-cold-wallets-but-they-don-t-hold-any-crypto
The plot thickens: https://markets.businessinsider.com...-gone-2019-3-1028009684?utm_source=reddit.com TL;DR: The money is gone... The above article corrected by reddit users: