A Canadian cryptocurrency exchange says about $140 million worth of customers’ holdings are stuck in an electronic vault because the company’s founder, and sole employee, died without sharing the password.

But two independent researchers say publicly available transaction records associated with QuadrigaCX suggest the money may be gone, not trapped.

They say it appears Quadriga transferred customer funds to other cryptocurrency exchanges, although it isn’t clear what might have happened to the money from there.

Their research is the latest twist in what is shaping up to be a bizarre case, even within the often murky and unpredictable world of cryptocurrencies.

Read an expanded version of this article at WSJ.com

Read earlier story: Crypto exchange customers can’t access $190 million after CEO dies with sole password

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