Through his company Quadriga CX, the Canadian Gerald Cotten managed various crypto currencies such as Bitcoin, Litecoin and Ether. As can be seen from the now filed by his wife at a Canadian court creditor request, company founder Cotten died in the previous year on an India trip to the consequences of a serious bowel disease – and since then Quadriga CX customers apparently lacking access to their money.
Users of Canadian cryptocurrency exchange QuadrigaCX lost $ 190 million according to CoinDesk, according to CoinDesk, for an unfortunate reason: the exchange’s founder, Gerald Cotten, recently died, and the only person who knew a vital password. # CyberSecurity #Infosec pic. twitter.com/6pI2RKrI3e
– Everything is interesting (@Cyber_Nul) 4 February 2019
According to the digital currencies website Coindesk is about 115,000 customers and converted about 166 million euros. A large part of it Cotten for security reasons in a Cold Wallet offline saved – central problem is now the password, which apparently only the Quadriga CX founders knew. According to media reports, so far all attempts have failed to crack the depot. As the „mirror“ writes, the founder of the crypto purse took the password „apparently to the grave“.
In the „Kryptogemeinde“ one does not seem completely convinced of this version. „The bizarre and, frankly, unbelievable story about the death of the founder and the loss of keys“ cause rather increasing mistrust, it is said about the portal Cryptonews, in which finally the question is asked: „Is Gerald Cotten ever dead ? „
