"Ernst & Young* was unable to locate any cryptocurrencies in the cold wallet addresses listed by Quadriga, however, aside from 103 bitcoin accidentally transferred from a hot wallet*."
*Provides advisory, assurance, tax and transaction services *A hot wallet refers to a Bitcoin wallet that is online and connected in some way to the Internet
"Recently, analysts found that hackers have moved a portion of Cryptopoa’s stolen crypto assets to another crypto exchange."
*Give the attacker the ability to programmatically interact with the exchange as if they were the user themselves
Hackers were able to withdraw ~7000 BTC in this one transaction
= Secure Asset Fund for Users
*The attackers were able to double-spend for several days, eventually stealing more than $18 million worth of Bitcoin GoldSource: https://www.investopedia.com/terms/1/51-attack.asp