In a sworn affidavit, Robertson said Cotten held the majority of the $250 million in assets from 115,000 Quadriga users in cold wallets. A cold wallet is where cryptocurrency is stored when not being actively traded in hot wallets on an exchange. Analytics firm Elementus and others have been analyzing the blockchain for evidence of these cold wallets and have been unable to find them. "The fact that no cold wallets are present means that, yeah, that's the story that they're telling, it's not consistent with what they're saying." Little evidence of cold walletsGalka said there could be a reasonable explanation as to why he and other analysts can find little evidence of cold wallets that Robertson claims exist, but the lack of evidence on the blockchain is suspicious.

Source: CBC News February 09, 2019 09:56 UTC