He had sole access to $190 million worth of customers' crypto. Then he died.
In the risk-filled world of cryptocurrency, "sorry for your loss" has a very specific meaning. In the case of Canadian crypto-exchange QuadrigaCX, it's become a rather grim double entendre.
The exchange's founder, 30-year-old Gerald Cotten, died unexpectedly in December 2018. According to a Jan. 31 affidavit filed by his widow Jennifer Robertson and dug up by Coindesk, it also just so happens that Cotten had sole access to most of the exchange's $190 million worth of crypto held in cold storage.
Or, rather, what looks to be the exchange's customers' $190 million worth of crypto. And no one appears to be able to access it. Because when he died, it seems Cotten took the keys with him. Read more...
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