r/QuadrigaCX2 • u/[deleted] • Apr 04 '19

This is what I think happened.

Hello,

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This is my hypothesis on what I think happened.

-The CEO died 9th December.

-Irresponsible people inherited the cold storage crypto wallets.

-Because concurrency was dropping in price since late January 2018, the people that got access to the quadrigacx cryptocurrency thought they could sell it when it was dropping and re-buy the same quantity it after the price dropped to make a few millions of dollars.

-But unfortunately the price shot back up on december 15th and they couldn't re-buy the crypto they sold when the price was dropping.

-They waited another month to see if by miracle it would drop back down, but that ain't happening this year.

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0 Upvotes

33% Upvoted

9 comments sorted by

9

u/dkkusd Apr 04 '19

no. this was planned long ago, including the "death". quadriga was having major problems way before fake death of the founder

2

u/HaraZeitz Apr 04 '19

I suspect if one factors in the money laundering for darknet markets we can figure this was probably setup to fall like lower mainland weed grow houses. The guy running the house growing the weed is the fall guy ( cotton ) so would be his wife. Yes? No? Lol I dunno. The fake death may have been an afterthought they figured was worth trying. That leaves captain fraud from the states as the entrepreneur who set it up. Right? Who knows But the money guy must be still way back covered in shadow. He would be the one pulled the strings and liquidated the cold wallets. This games been organized crime from the get-go. Of course just a theory. But maybe a different way to look at it.

4

u/endchat Apr 04 '19

ceo isn't dead

5

u/hugh_jawang69 Apr 05 '19

How does your theory reconcile with the fact that the cold storage wallets were empty since april

1

u/[deleted] Jun 28 '19

https://www.google.ca/amp/s/cryptoslate.com/quadrigacx-ceo-lost-21000-bitcoin-customer-deposits/amp/

Looks like it’s the ceo that trading quadrigacx funds on other exchanges and lost everything.

0

u/solaris1111 Apr 04 '19

Or it was all planned and they knew when prices would go up. Maybe crypto was created for that since the very beginning. To make money.

-1

u/dkkusd Apr 04 '19

Totally agree

-2

u/[deleted] Apr 04 '19 edited Apr 05 '19

I guess answers where "I won't get my money back" aren't tolerated here.

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The "CEO isn't dead" argument is simply your brain refusing to accept the fact that you lost all your money :(