It was assumed that the wallets had been inaccessible after the creator of the exchange passed away in 2018, as he was the only person accountable for the private keys of the wallets, and he was the only one who possessed those keys.
After years of dormancy, it was recently revealed that five accounts related to the defunct Canadian cryptocurrency exchange QuadrigaCX were abruptly exchanging around $1.7 million worth of Bitcoin. It had been thought that these wallets did not exist prior to the recent finding, which disproved this theory.
A researcher in the cryptocurrency field by the name of ZachXBT issued a warning to the cryptocurrency community on December 19 in the form of a tweet. The message focused on the five wallets that moved around 104 Bitcoin to other wallets.
The information that has been preserved on the blockchain indicates that the wallets have not moved any Bitcoin since at least April of 2018.
After the demise of its founder and CEO, Gerald Cotten, in December…