Crypto Investors loss $146 Million as founder dies with password - Science/Technology - Nairaland
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| Crypto Investors loss $146 Million as founder dies with password by acesoul(m): 12:05pm On Feb 05, 2019 |
The death of a Canadian entrepreneur has left a huge stash of cryptocurrencies locked off from the people who own them. Quadriga, Canada's biggest cryptocurrency exchange, said it's unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn's Disease while traveling in India. Many of the digital currencies held by Quadriga are stored offline in accounts known as "cold wallets," a way of protecting them from hackers. Cotten appears to have been the only person with access to the wallets, according to court documents cited by Canadian media and posted online by cryptocurrency news site CoinDesk. Source: https://edition.cnn.com/2019/02/05/tech/quadriga-gerald-cotten-cryptocurrency/ |
| Re: Crypto Investors loss $146 Million as founder dies with password by Alphafeezay(m): 12:10pm On Feb 05, 2019 |
Investors won't mind dieing to meet him.and retrieve their investment o  This is one of the major reason why Crypto can't replace Fiat currencies for now. |
| Re: Crypto Investors loss $146 Million as founder dies with password by acesoul(m): 12:17pm On Feb 05, 2019 |
Alphafeezay:Lol.. They must call out his spirit by fire by force... Crypto have much deficiency..they are highly volatile and unrealiable. 1 Like |
| Re: Crypto Investors loss $146 Million as founder dies with password by kakarott: 11:04am On Feb 09, 2019 |
Hahaha iam the Deathseed xD the cause of his death huhuhu |
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