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Nairaland Forum / Nairaland / General / Investment / Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords (31587 Views)
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Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Bigmugu: 6:20am On Feb 05, 2019 |
QuadrigaCX, Canada's leading cryptocurrency exchange company, has said it cannot repay $190m to clients because its founder died with their passwords. Founder Gerald Cotten, 30, died "due to complications with Crohn's disease" in . Mr Cotten held "sole responsibility for handling the funds and coins" and no other members of the team could access the stored funds, she said in a sworn affidavit as she filed for credit protection on 31 January, 2019. Ms Robertson said about $190m in both cryptocurrency and normal money is in "cold storage" - where the company, or just Mr Cotten in this case, holds the key, not the client. The founder held "sole responsibility for handling the funds and coins" and no other members of the team could access the stored funds, she added. Gist Via :- https://nairatrend.com.ng/investors-lose-190m-as-ceo-of-cryptocurrency-company-dies-with-passwords/ Cc; 7 Likes 3 Shares
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Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Chuks9000: 6:20am On Feb 05, 2019 |
1 Like 2 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Bigmugu: 6:27am On Feb 05, 2019 |
Chuks9000:Brotherly 2 Likes 1 Share |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by tayebest(m): 6:29am On Feb 05, 2019 |
Oja tii burst! Sakamaje 50 Likes 5 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by whitebeard(m): 6:31am On Feb 05, 2019 |
. 19 Likes
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Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Nogodye(m): 6:31am On Feb 05, 2019 |
They should click "forget password" 318 Likes 26 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Bigmugu: 6:32am On Feb 05, 2019 |
you be real Nigerian Nogodye: 181 Likes 8 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Chuks9000: 6:36am On Feb 05, 2019 |
Bigmugu:No vex jàré. I tot it was the passport photo of the late cryptorist 1 Like 2 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by MANNABBQGRILLS: 6:48am On Feb 05, 2019 |
Nogodye:Hahahaha . END OF STORY!! IMPORTANTLY It is BOLDLY written in RED for Nairaland members, (Rule 16) Praying this won't be the story in our land soon, praying and hoping it won't be like MMM. Be guided guys! 6 Likes 1 Share
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Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Nobody: 6:48am On Feb 05, 2019 |
This year has been a bad one for cryptocurrency, QuadrigaCX dies and Cryptopia was hacked 3 weeks ago. Both exchanges have been locked down. I urge every Nairalander who's a trader on any exchange to move the currency to a wallet that they have control of the private key and trade with only a portion. Read their ToS and you'll see that in case of a hack (or exit scam) they are not liable. They will pay creditors first before their customers even if the case drags on. Don't be a fool 32 Likes 7 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by sotall(m): 6:49am On Feb 05, 2019 |
Na wa |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Dreyl(m): 6:49am On Feb 05, 2019 |
Jeez! |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by XaintJoel20: 6:49am On Feb 05, 2019 |
hgd |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by clintino700(m): 6:50am On Feb 05, 2019 |
Bush meat don carry hunter 4 Likes |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by dreamwords: 6:50am On Feb 05, 2019 |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by sukerefakere(m): 6:50am On Feb 05, 2019 |
1 Like |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by dreamwords: 6:50am On Feb 05, 2019 |
h 1 Like |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Branduche: 6:50am On Feb 05, 2019 |
I don't get what people are still doing in crypto 8 Likes |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by omoadeleye(m): 6:50am On Feb 05, 2019 |
the owner is very selfish |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by stanley99a(m): 6:50am On Feb 05, 2019 |
They better look for a way out. There must be a way out as that nigga up there has said, click forget password 22 Likes |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by freemanbubble: 6:51am On Feb 05, 2019 |
okay Isoright o The beginning of the end |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Hexilon: 6:51am On Feb 05, 2019 |
.. 9 Likes 1 Share
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Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by BruncleZuma: 6:51am On Feb 05, 2019 |
Pastor wen fit wake this bros don hammer...collect 19 milla tithe (Laughs in mockery and parables) 7 Likes 2 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by asumo12: 6:51am On Feb 05, 2019 |
Eran lo... 1 Like |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by mediaNGR: 6:51am On Feb 05, 2019 |
My money!!!!! Jesu 15 Likes 2 Shares
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Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Pierce008: 6:51am On Feb 05, 2019 |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by Rolly22(m): 6:51am On Feb 05, 2019 |
Make them come Benin, make we call am for mirror 29 Likes 2 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by nurex01(m): 6:52am On Feb 05, 2019 |
It has finished 1 Like 2 Shares |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by stanley99a(m): 6:52am On Feb 05, 2019 |
Branduche:If you take out time to learn and understand it, you will know bro 25 Likes 1 Share |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by don4real18(m): 6:52am On Feb 05, 2019 |
Such a handsome and promising young man 1 Like |
Re: Investors Lose $190m As Owner Of Cryptocurrency Company Dies With Passwords by obojememe: 6:52am On Feb 05, 2019 |
i don’t know y , buh i find this very funny... died with password ...lol 4 Likes 2 Shares |
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