RATE Group | QuadrigaCX Users Request Details on How EY Lost 103 Bitcoins
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QuadrigaCX Users Request Details on How EY Lost 103 Bitcoins

18 Aug QuadrigaCX Users Request Details on How EY Lost 103 Bitcoins

Posted at 00:26h in Bitcoin News by

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Users of now-defunct Canadian cryptocurrency exchange QuadrigaCX are requesting further information concerning the recent loss of 103 Bitcoins (BTC) during the funds’ recovery.

An unfortunate loss

As Cointelegraph reported in February, one of the Big Four accounting firms — EY (formerly branded as Ernst & Young) — was appointed by QuadrigaCX as an independent third party to monitor the proceedings in a creditor protection case.

Ey announced at the time that “Quadriga inadvertently transferred 103 Bitcoins valued at approximately $468,675 to Quadriga cold wallets, which the Company is currently unable to access.” Currently, the coins would be worth $1 million.

Industry news outlet Coindesk reported on Aug. 16 that — six months after the accident — the auditor has not yet given any insightful information concerning how the loss occurred. 

According to the article, all the information disclosed came from the report released by EY in February, in which the company declares…

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