According to CoinDesk, about 100 bitcoins (approximately $1.7 million) have been transferred from the cold wallet address associated with the collapsed Canadian encryption exchange QuadrigaCX, and many of the funds have flowed into different addresses, including the mixed currency service Wasabi. These bitcoins have been dormant. For more than three years, Ernst & Young, QuadrigaCX’s bankruptcy trustee, said no funds had been moved. EY previously announced in February 2019 that it had lost control of around 100 bitcoins after it mistakenly sent them to a Quadriga cold wallet it could not access, and the bitcoins at those addresses have been frozen since then. Foresight News noted that QuadrigaCX went bankrupt in 2019 after the death of founder and CEO Gerald Cotten, with nearly $200 million in debt to thousands of customers.