THE HASH: 100 BTC Tied to QuadrigaCX Moved Out of Cold Wallets; BlockFi Asks US Court to Allow Some Customer Withdrawals

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4.7 • 698 Ratings

🗓️ 20 December 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Bitstamp and the Galaxy Brains Podcast. The most valuable crypto stories for Tuesday, Dec. 20, 2022. "The Hash" group discuss today's top stories, including the mystery behind more than 100 BTC tied to QuadrigaCX being moved out of cold storage wallets. Plus, bankrupt crypto lender BlockFi wants to allow some customers to withdraw their digital assets locked up on the platform. And, Coinbase CEO Brian Armstrong shares his take on regulations for centralized custodians. See also: Bitcoin Development Company Layer 2 Labs Raises $3M to Bring Drivechains to Network Bitcoin Addresses Tied to Defunct Canadian Crypto Exchange QuadrigaCX Wake Up Elizabeth Warren's New Financial Surveillance Bill Is a Disaster for Privacy and Civil Liberties Bankrupt Crypto Lender BlockFi Looks to Restart Certain Customer Withdrawals This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Bitstamp is the longest running crypto exchange and recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net. - Galaxy Brains: Whether it’s breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDesk See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of The HASH is sponsored by BitStamp and The Galaxy Brains podcast.
0:12.8	This is The HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
0:20.3	with stories that matter to the crypto world,
0:22.6	all on the hash for your ears.
0:26.2	You're listening to the Coin Desk Podcast Network.
0:36.4	Hello, everyone, and welcome to The Hash.
0:38.8	You are watching us on Coin Desk TV and listening on the podcast network.
0:44.1	It's Taco Tuesday and the holidays are coming up.
0:47.1	And so if that taco sponsorship is out there and you got tacos for us, please, we need
0:52.3	this by the end of the year.
0:53.8	So let's just try and get
0:54.8	those wheels of motion. I'm Jen Sanassia. Today show we got Will Foxley, Wendy O, and Zach
1:01.5	Seward, who is going to kick us off with our first story. The legend of Gerald Cott
1:06.9	lives on. We're talking about Quadriga CX. I love talking about Quadriga CX because it was one of the first
1:14.3	truly baffling, mysterious, strange crypto capers that I covered in a professional capacity for
1:20.5	coin desk. All right. So here's the story about Quadriga CX. The founder died under mysterious
1:25.6	circumstances. It was kind of a scam at some point. Many of the
1:31.1	funds that were locked on Quadriga were inaccessible. It's been a protracted bankruptcy proceeding
1:36.7	up in Canada. And after years of a lot of these funds being mistakenly sent to a wallet
1:43.4	that was not controlled by EY, which
1:46.1	was administering the bankruptcy. After years of silence from these wallets, a few days ago,
1:53.1	a hundred Bitcoin moved from them, suggesting that someone else controls these wallets and
	...

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