ID:
quadrigacx-662
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Exchange
Assets
Key Management
Extended Method:
Private key loss, owner died
Days in Operation:
6
(0.02 Years)
100 pts each
Canada's largest cryptocurrency exchange is seeking creditor protection after losing about $190 million worth of cryptocurrency after the sudden death of its founder and chief executive (Gerry Cotten) in December. Took any information on how to access the cold wallets to his grave. As investigations started into QuadrigaCX’s finances began, things took a bizarre turn. Six cold wallets were identified to belong to QuadrigaCX. However, when investigators looked at the wallets, five of them had been emptied around April 2018. No one is really sure what has happened, and investigations are still ongoing. Cotten’s widow has voluntarily returned $9 million in assets from Cotten’s estate to repay users.
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