Updates On QuadrigaCX, New Reports On Crypto Crimes From Public And Private Sectors

The court-appointed monitor of defunct Canadian cryptocurrency exchange QuadrigaCX has reported that six cold wallets supposedly holding $100 million of customer cryptocurrencies for 115,000 accounts at the exchange held only $400,000 in digital assets. At the time of the sudden death of QuadrigaCX's founder, the exchange was supposedly holding over almost $200 million in customer funds and cryptocurrencies. There are various theories as to what happened to the customers' coins. Cryptocurrency exchange Kraken recently offered a $100,000 reward for assisting in the recovery.

The Department of Justice in its February 2019 Journal of Federal Law and Practice focused on cybercrime and cyber threats. Of note was an article on "Attribution in Cryptocurrency Cases" and how best to prove criminal charges, despite the fact that these transactions are generally considered anonymous. Among its many findings, the report noted the challenges in proving attribution because of the