Bitcoin investors may be out $190 million after the only guy with the password dies, firm says
Imagine if your bank froze your savings account because the only person with the combination to the vault had died. Investors in a Canadian crypto-currency exchange are in a similar fix after the only person with the password to accounts valued at $190 million in U.S. dollars died unexpectedly in India in December, CoinDesk reported. Gerald Cotten, CEO and co-founder of QuadrigaCX, died of complications from Crohn's disease Dec. 9 while traveling in India to set up an orphanage, the firm wrote Jan. 14 on Facebook. In a filing Thursday for creditor protection with the Supreme Court of Nova Scotia, Jennifer Robertson, Cotten's widow, said his death left the company unable to access the bulk of its crypto-currency funds, CBC News reported. This article was found by us on 2019-02-05 01:09:33. Share this content on social media: Related crypto assets include ERA, OST, ION. Check out www.miamiherald.com for more. Leave a Comment
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