NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

QuadrigaCX in Bankruptcy, New Discoveries Suggest Older Scam Activity

Published 04/11/2019, 08:34 AM
Updated 04/11/2019, 09:42 AM
© Reuters.   QuadrigaCX in Bankruptcy, New Discoveries Suggest Older Scam Activity
BTC/USD
-

Just a day after the QuadrigaCX exchange opened up a bankruptcy procedure, new information shows that the market operator may have skirted the law in the past. An accidental tracking of wallets belonging to QuadrigaCX show a connection to sites offering high-yield investments, also known as scam sites offering to double the Bitcoin (BTC) amount.

In a Reddit thread, the connection was made between the QuadrigaCX wallet and those scam sites. The address used for one of the last withdrawal transactions on the exchange has also received mentions in other sites, at one point in relation to the Nicehash exploit.

At this point, several addresses...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.