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Big Four Auditor Reveals Status Of QuadrigaCX’s Bitcoin Cold Storage

On February 5th, 2019, a press release by QuadrigaCX shocked the broader cryptocurrency community. With the death of chief executive Gerald Cotten, the Canadian exchange allegedly lost access to $190 million Canadian worth of cryptocurrencies held in cold storage, as Cotten left Earth with no succession plan. The late entrepreneur’s

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Hardware Wallet Doesn’t Store Private Keys to Surpass Cold Storage

A payments technology company has created a hardware wallet that addresses the “flawed approach” used for cold storage — and eliminates the physical storage of private keys.Instead of storing private keys on a device — a “potential security problem” — Bitfi says it has developed technology that does not store

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Independent Research Claims to Identify Five QuadrigaCX Cold Wallets

An internet analyst has claimed to have delineated four Bitcoin addresses that belonged to defunct Canadian exchange QuadrigaCX, publishing their findings on Reddit on Feb. 13.The post, by a user known on Reddit as u/dekoze, indicates five addresses allegedly associated with the exchange, noting that the number is just a

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QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12.The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold

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Quadriga mystery deepens with little evidence of cold wallets containing user funds

A cryptocurrency analyst says there is little evidence that tens of millions of dollars of assets allegedly trapped on hard drives belonging to the deceased founder of a Canadian cryptocurrency exchange are being stored in so-called cold wallets. QuadrigaCX’s 30-year-old founder, Gerald Cotten, died unexpectedly in India on Dec. 9. It took more

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Payments Company Square Open-Sources Its Bitcoin Cold Storage Tool

U.S. payments processing company Square has announced that it is open-sourcing its Bitcoin (BTC) cold storage solution in an official blog post published today, Oct. 23.Cold storage refers to a method of keeping cryptocurrency holdings and users’ private keys offline in order to safeguard against theft via a remote attack.According

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