Crypto CEO Dies Holding Only Passwords That Can Unlock Millions in Customer Coins

CREDIT: Pete Linforth

(From Bloomberg)

[Digital-asset exchange Quadrig] . . . can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, according to court documents filed Jan. 31 in Halifax, Nova Scotia. . . .

Access to Quadriga CX’s digital “wallets” — an application that stores the keys to send and receive cryptocurrencies — appears to have been lost with the passing of Quadriga CX Chief Executive Officer Gerald Cotten, who died Dec. 9 in India from complications of Crohn’s disease.

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