Let's see what it actually means.
According to the report posted by the Big Four Auditing Firm, Ernst & Young(EY) contend that they have identified six separate Crypto wallets which were used to store the cryptocurrency which used to be exchanged.
The all harm was absorbed by non other than QuadrigaCX investors.
The issue was their investors wallets were empty i.e. near to $150 million in cryptocurrency was missing.
This report was based on following the death of the exchange's CEO who is Gerald Cotten.
It is strange and the hunt is on till now.
As per Ernst & Young reports stating that there were no deposits found into QuadrigaCX Crypto Cold wallets since April 2018.
Also they affirm about till date no applicants were unable to identify why Quadriga stopped using the identified cold wallets for deposit in April 2018, however they will continue monitoring the database of it till they find what is the actual reason.
Significantly, there is still over $100 million customers crypto missing .
Furthermore they (EY) also noted that they were unable to tell why the six wallet addresses had been stopped used by the exchange. The search is still on. However, they were unable to discuss whether or not there are any other storage's holding Bitcoins.
Crypto community will be at the edge of the cliff unless they get any information about the missing cryptocurrency. Also it might likely be that the missing funds will get scattered on various cryptocurrency exchanges.
Thank you and spread love!
Follow and upvote for more interactive contents.