Soon after the news about Canada’s oldest exchange QuadrigaCX broke, there was a petition asking the Chief Executive Officer (CEO) of Kraken, Jesse Powell to take over the reins.
For the uninitiated, on December 9, 2018, the CEO of QuadrigaCX exchange died. With his death, it emerged that only he reportedly had the access to the exchange’s cold wallets, which has left 100,000 users with owed money and many more owed cryptocurrency.
A part of the petition on the Change.org website reads, “Quadriga was once Canada’s leading Cryptocurrency exchange. On December 9th the CEO and founder Gerry Cotten died with all the keys to the exchange’s cold wallets (or so we are told). The exchange promptly shut down with all users fiat and cryptocurrency. Leaving over 100,000 users owed money and many more owed cryptocurrency. Jesse Powell the CEO of Kraken, another leading cryptocurrency exchange in canada has been vocal on Twitter about how Quadriga mismanaged users funds and feels the story of the CEO’s death is not believable. This is a petition to Jesse Powell and Kraken to buy out Quadriga, honor it’s users funds and to take over control of the Quadriga exchange.”
Powell on Twitter said, “We have thousands of wallet addresses known to belong to @QuadrigaCoinEx and are investigating the bizarre and, frankly, unbelievable story of the founder’s death and lost keys. I’m not normally calling for subpoenas but if @rcmpgrcpolice are looking in to this, contact @krakenfx.”
We have thousands of wallet addresses known to belong to @QuadrigaCoinEx and are investigating the bizarre and, frankly, unbelievable story of the founder's death and lost keys. I'm not normally calling for subpoenas but if @rcmpgrcpolice are looking in to this, contact @krakenfx
— Jesse Powell (@jespow) February 3, 2019
A Twitter user said, “I have now pinged @elementus_io , @BitMEXResearch , @philip_gradwell , and @chainalysis to let them know I have aggregated a significant # of TX from former customers at QuadrigaCX. Can one of them help parse through the info to see where the funds are/went?”
The user further stated that there were a lot of interested parties who wanted to verify “QuadrigaCX’s claims of being insolvent due to their failure to find their reserve wallets. Customers at QuadrigaCX that have lost *millions* collectively would benefit greatly from this research. Time is of the essence.”
While at this moment, there is a huge question mark on the matter, we’ll update the story if there is any progress.
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