Why Are a Dead Guy's Crypto Coins Moving?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 22 December 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Circle and Kraken. Ah, what a perfect way to end a year of fraud, deception and disappointment. Earlier this week, on-chain sleuths noticed that more than 100 BTC were on the move from wallets that were controlled by and theoretically only accessible to former QuadrigaCX CEO Gerald Cotten. The problem? Cotten was supposed to have died in December of 2018. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown. - Cryptowatch is the last crypto app you’ll ever need. Track prices up to two times faster than other apps. Catch market movements as they happen with powerful charting tools and custom alerts. Sync your portfolio and trade across multiple exchanges. And stay in the community conversation with leading influencers on Cryptowatch Social. cryptowatch.app.link/social. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Glasgow” by Falls. Image credit: solar22/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.2	The breakdown is sponsored by nexo.io, Circle, and Cracken, and produced and distributed by CoinDes.
0:22.8	What's going on, guys? It is Wednesday, December 21st, and today we are talking about why a dead
0:28.7	guy's crypto is on the move. Before we get into that, however, if you are enjoying the breakdown,
0:33.8	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show
0:41.6	notes or go to bit.ly slash breakdown pod. Also, today I'm excited to welcome additional
0:46.9	sponsor CryptoWatch. CryptoWatch is the last crypto app you will ever need.
0:52.2	You can track prices up to two times faster than other apps,
0:55.3	catch market movements as they happen with powerful charting tools and custom alerts,
0:59.3	sync your portfolio and trade across multiple exchanges. And of course, stay in the community
1:03.6	conversation with leading influencers on CryptoWatch social. Get everything you need to gain
1:08.1	a competitive edge with the CryptoWatch app by visiting Google Play or the Apple Store to download.
1:13.6	All right, guys, so it is Wednesday, December 21st, and that means tomorrow we are starting our end-of-year series.
1:21.5	Rebuild 2023 is the theme of this year's end-of-year series.
1:27.0	I'm going to be talking to people across the
1:28.6	Bitcoin and Crypto Space, some really interesting folks. We're kicking it off with
1:32.7	Munib Ali from Stacks and Trust Machines, and then Ryan Selkis talking about Masari's new
1:37.9	theses, and it will just go on from there. I will pop back in for a couple episodes,
1:43.0	one Long Read Sunday along the way, as well as
1:45.6	potentially a little listical to end out the year, but more or less from here we will be in
1:50.1	interview mode. So in some ways, that makes today the last regular breakdown of the year.
	...

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