He had sole access to $190 million worth of customers' crypto. Then he died.
In the risk-filled world of cryptocurrency, "sorry for your loss" has a very specific meaning. In the case of Canadian crypto-exchange QuadrigaCX, it's become a rather grim double entendre.
The exchange's founder, 30-year-old Gerald Cotten, died unexpectedly in December 2018. According to a Jan. 31 affidavit filed by his widow Jennifer Robertson and dug up by Coindesk, it also just so happens that Cotten had sole access to most of the exchange's $190 million worth of crypto held in cold storage.
Or, rather, what looks to be the exchange's customers' $190 million worth of crypto. And no one appears to be able to access it. Because when he died, it seems Cotten took the keys with him. Read more...
More about Bitcoin, Ethereum, Cryptocurrency, Tech, and Cryptocurrency Blockchain
COntributer : Mashable http://bit.ly/2S4HlXQ
He had sole access to $190 million worth of customers' crypto. Then he died.
Reviewed by mimisabreena
on
Saturday, February 02, 2019
Rating:
Reviewed by mimisabreena
on
Saturday, February 02, 2019
Rating:
No comments:
Post a Comment