OMG! Crypto CEO Dies With Password To Unlock $200+ Million Customers’ Bitcoin

The chief executive of cryptocurrency company, Quadriga CX has died with all the passwords necessary to to unlock all his customers’ bitcoins.

Without their digital keys, his clients lose access to their funds. The company’s board of directors said last week it is seeking creditor protection.

According to a reports by Bloomberg News
The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, according to court documents filed Jan. 31 in Halifax, Nova Scotia.


Nor can Vancouver-based Quadriga CX pay the C$70 million in cash they’re owed.

Access to Quadriga CX’s digital “wallets” — an application that stores the keys to send and receive cryptocurrencies — appears to have been lost with the passing of Quadriga CX Chief Executive Officer Gerald Cotten, who died Dec. 9 in India from complications of Crohn’s disease. He was 30.

Cotten was always conscious about security — the laptop, email addresses and messaging system he used to run the 5-year-old business were encrypted, according to an affidavit from his widow, Jennifer Robertson.

The problem is, Robertson said she can’t find his passwords or any business records for the company. Experts brought in to try to hack into Cotten’s other computers and mobile phone met with only “limited success” and attempts to circumvent an encrypted USB key have been foiled, his widow, who lives a suburb of Halifax, said in the court filing.

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Posted: at 5-02-2019 07:05 AM (5 years ago) | Hero

OK

Posted: at 5-02-2019 12:00 PM (5 years ago) | Gistmaniac

So the scammer died at the age of 30 but one thing is sure, the died shall go to their grave with nothing. Untimely death shall be the profit of those who steals other peoples money

Posted: at 5-02-2019 12:52 PM (5 years ago) | Gistmaniac

This is very bad news, as a very large number of people have invested in this crypto company in order to earn interest. I also have several assets and cryptocurrencies invested in this company and now, unfortunately, I will not be able to withdraw my interest. I hope soon this company will solve this problem, hire some people who will be able to crack all passwords and return money to people. I don't know how they will solve this problem, but I only know that if they don't return the money to people, then they will face much bigger problems, namely angry people who want to get their money back. Perhaps someone will sue this company and returm their money. Now it's better not to do anything, but just wait until they try to solve the problem.

Posted: at 25-10-2022 09:09 PM (1 year ago) | Newbie