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ID:

quadrigacx-662

Date:

Status:

Incident Count:

February 4, 2019

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

195,000,000

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

Key Management

Extended Method:

Private key loss, owner died

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Days in Operation:

6

(0.02 Years)

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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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