Company loses 190 million in cryptocurrency as ceo dies with sole password feb 05 6 23 pm ex officials say trump administration didn t use pandemic playbooks. Canadian crypto exchange quadrigacx says it cannot repay most of 190 million in client holdings after its 30 year old founder gerald cotten the only person who knew the passwords to its cold. After gerry s death quadriga s inventory of cryptocurrency has become unavailable and some of it may be lost robertson said adding that the company s access to currency has been severely.
Thierry chesnot getty images investors were locked out of 190 million in cryptocurrency assets after the founder of a crypto exchange died without sharing the password to a laptop that contained. Canadian gerald cotten died suddenly aged 30 in december from. A man has died with more than 100million of cryptocurrencies on his computer but no one knows the password to access the money.
Cold storage issues for the exchange. Cotton was the only person who had the password to the cold storage where the crypto funds are stored. Quadrigacx a cryptocurrency exchange in canada says it s unable to pay most of 262 million in holdings back to clients as its founder gerald cotten died in india unexpectedly in december 2018.
Toronto about c 180 million 137 21 million in cryptocurrencies have been frozen in the user accounts of canadian digital platform quadriga after the founder the only person with the password. Crypto ceo dies with the password to unlock 200 million of customers bitcoin after gerry s death quadriga s inventory of cryptocurrency has become unavailable and some of it may be lost said. Imagine losing all your squirrelled away.
Feb 6 2019 15 31 ist. Bitcoin investors lose 190 million after founder dies takes wallet password to the grave. The unexpected death of the owner of canada s largest cryptocurrency exchange has left 145 million of cryptocurrency locked in a digital wallet to which he reportedly had the only password.
