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$190 Million in Crypto Possibly Lost at Canada’s QuadrigaCX Bitcoin (BTC) Exchange


One of Canada’s biggest Bitcoin (BTC) exchange – QuadrigaCX – has possibly lost $190 Million in cryptocurrencies after its founder and CEO died suddenly last December in India due to Crohn’s disease. The death of its CEO , Gerald Cotten, was announced by the exchange early January this year. To date, the team at the exchange has been unable to access the locked up Bitcoin (BTC), Bitcoin Cash, Bitcoin SV, Bitcoin Gold, Litecoin, and Ethereum.

Cotten mostly worked from his home computer which was encrypted. The late Cotten’s wife, Jennifer Robertson, stated via an affidavit, that she did not know the password or recovery key despite hiring a cyber-security expert to attempt accessing the machine.

The laptop computer from which Gerry carried out the companies’ business is encrypted and I do not know the password or recovery key. Despite repeated and diligent searches, I have not been able to find them written down anywhere.

I have retained an expert, Chris McBryan, Insp (retired),…



Read Full Story : Ethereum World News

2019-02-02 13:16:03

John P. Njui

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