What is confusing about people moving money between exchanges?
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What makes you think that the funds going from Kraken to QCX are not customer funds?
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I don't know how QCX managed their clients' deposit addresses. They probably give each user a unique deposit address. I can tell you that nobody withdrawing to 0x45cab8d124fce8663581172c614f2ee08d01d48e on Kraken has anything to do with QCX. Maybe the arb disappeared on Dec 8.