{"id":12689,"date":"2019-03-02T00:00:00","date_gmt":"2019-03-02T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/03\/02\/kraken-qcx-researcher-uncovers-the-location-of-90m-worth-of-missing-quadrigacx-ethereum\/"},"modified":"2019-03-02T00:00:00","modified_gmt":"2019-03-02T00:00:00","slug":"kraken-qcx-researcher-uncovers-the-location-of-90m-worth-of-missing-quadrigacx-ethereum","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/kraken-qcx-researcher-uncovers-the-location-of-90m-worth-of-missing-quadrigacx-ethereum\/","title":{"rendered":"[KRAKEN QCX] \u2013 Researcher Uncovers the Location of $90M Worth of Missing QuadrigaCX Ethereum"},"content":{"rendered":"
The <\/span>whereabouts<\/span><\/a><\/u><\/span><\/strong> of $100 million worth of Ethereum belonging to embattled and now-defunct Canadian-based cryptocurrency exchange QuadrigaCX have been identified by an independent researcher. In an expos\u00e9 report prepared and published on Thursday, February 28<\/span>th<\/span><\/sup> by the CEO and editor of the Zerononcense publication James Edwards, 649,708 Ethereum coins (currently worth ~$90 million) have been identified and attributed to QuadrigaCX. In his <\/span>research<\/span><\/a><\/u><\/span><\/strong>, Edwards tracked 12 Ethereum addresses he confirmed are associated with the company and found that these funds were transferred to other exchanges supposedly for safe storage. The <\/span>report<\/span><\/a><\/u><\/span><\/strong> identifies Kraken, Bitfinex and Poloniex as the exchanges that received those funds.<\/span><\/p>\n After a correspondence with Kraken CEO Jesse Powell, who claims that none of the stated funds are in the Kraken wallets, Edwards concluded that:<\/span><\/p>\n Based on the cumulative analysis of Taylor Monahan, the CEO of MyCrypto, Elementus, a blockchain research firm that was cited by the Wall Street Journal, and the author of this report, it appears that there is a high likelihood that there are funds that belong to QuadrigaCX at Bitfinex and Poloniex.<\/span><\/p>\n<\/blockquote>\n\n