Bitcoin Addresses Tied to Defunct Canadian Crypto Exchange QuadrigaCX Wake Up

South Africa News News

Bitcoin Addresses Tied to Defunct Canadian Crypto Exchange QuadrigaCX Wake Up
South Africa Latest News,South Africa Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

More than 100 BTC tied to QuadrigaCX wallets have suddenly moved for the first time in three years. nikhileshde reports

that the majority of these funds, nearly 70 BTC, appear to have gone to Wasabi, a coin mixing service. It is unclear why EY, a well-established financial services institution, might want to use a crypto mixing service, whose primary purpose would be to obfuscate the source and destination of funds.In early reports, EY said that Cotten, as the sole proprietor of Quadriga in its waning days, was the only person who could access its funds.

The Canada Revenue Agency, the nation’s tax enforcer, is also investigating the exchange and whether or not it filed its taxes appropriately while it still operated. A person familiar with the matter said the CRA investigation was the main issue preventing the bankruptcy proceedings from continuing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

People Are Sharing Things We'll Look Back On In 100 Years And Think, 'That's Appalling'People Are Sharing Things We'll Look Back On In 100 Years And Think, 'That's Appalling'This has changed the way I view certain things that are so, so common in our everyday lives.
Read more »

Starbucks workers begin 3-day walkout at 100 US storesStarbucks workers begin 3-day walkout at 100 US storesMore than 1,000 baristas are planning to walk out, according to a labor group.
Read more »

The 100 best bars in San Antonio 2022The 100 best bars in San Antonio 2022Did your favorite watering hole make our annual list? SanAntonio SATX SanAntonioTX SanAntonioNightlife SanAntonioBars SanAntonioRestaurants SanAntonioMusic Texas
Read more »

K.Will’s “Descendants Of The Sun” OST MV “Talk Love” Hits 100 Million ViewsK.Will’s “Descendants Of The Sun” OST MV “Talk Love” Hits 100 Million ViewsK.Will’s “Descendants Of The Sun” OST MV “Talk Love” Hits 100 Million Views
Read more »



Render Time: 2025-02-27 12:23:07