Cryptocurrencies

Quadriga Accidentally Moved More Bitcoin to an Inaccessible Wallet

Transfer of 103 Bitcoin worth $354,300 happened on Feb. 6
Blunder disclosed in Ernst & Young report to Nova Scotia court

What Crypto Exchange Founder's Death Illustrates About Bitcoin

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By Doug Alexander and Olga Kharif

February 13, 2019 at 3:05 PM UTC

Updated on

February 13, 2019 at 7:58 PM UTC

This article is for subscribers only.

More Bitcoin has been caught in the Quadriga CX vortex.

The shuttered Vancouver-based digital exchange "inadvertently" transferred 103 Bitcoins on Feb. 6 to offline storage accounts known as cold wallets that are protected by passwords held by the company’s founder, who died in December, leaving the company unable to access cryptocurrency valued at C$468,675 ($354,300).