The Crypto2Cash Chronicle: QuadrigaCX’s missing funds, #DeleteCoinbaseTrustChain, more Coinbase controversy and a possible Circle funding round
It’s the first day of the new week, here’s what we’re reading in the Crypto2Cash Office today
QuadrigaCX’s funds have reportedly been found
Ernest and Young, the court-appointed monitor for QuadrigaCX, has finally made the exchange’s wallet public on Saturday. Beside the $400,000 that were accidentally sent to the cold wallets in early February, the wallets are empty.
However, according to a report published by crypto research and consulting platform ZeroNonCense, there is a very large possibility that a large amount of Ethereum is stored on Kraken, Bitfinex and Poloniex. The report claims that it is proven that QuadrigaCX had accounts on these exchanges and that around 650,000 ETH were stored on there. At the time the coins were sent, they were worth around $100 million. If possibly retrievable, these funds could save the future of the exchange.
(Source: Coindesk, Cointelegraph, ZeroNonCense)
#DeleteCoinbaseTrustChain
After #DeleteCoinbase went viral last week, following the controversial acquisition of intelligence firm Neutrino, crypto Twitter has come together to create another trust chain. The #DeleteCoinbaseTrustChain was created by user Udi Wertheimer so that users can merge their funds, therefore being able to reach the minimum amount needed to withdraw from the exchange.
Former Coinbase provider sold User Data
As if the acquisition of Neutrino wasn’t controversial enough, Christine Sandler, Coinbase’s director of institutional sales, has also admitted that the former provider sold user data to third parties.
(Source: Cointelegraph.com)
Unconfirmed: Circle Seeks $250M in Funding
Cryptocurrency finance firm Circle, which is backed by Goldman Sachs is looking to raise $250 million of funding. The claim was made by “an anonymous person familiar with the company’s plans” in a report by technology news website The Information.
(Source: Cointelegraph.com)
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