Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency

Death is complicated enough in the cryptosphere when a private investor dies with the private keys to their fortune. But the pain is amplified exponentially should the deceased be the CEO of a digital currency exchange responsible for the safekeeping of millions of dollars. The death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, has led to the loss of CAD $190 million (~ U.S. $145 million) stashed in the platform’s cold storage wallets.

Also read: Australia’s Financial Intelligence Agency Registers 246 Cryptocurrency Exchanges

Original source

Add comment

Please Sign in to be able to leave comments.