Feb 03, · Then, early this year, a post appeared explaining that on Dec. 9, Cotten had died while working in an orphanage in India. Global Affairs Canada confirmed that a Canadian had died Author: Yvette Brend. Feb 05, · Investors in QuadrigaCX, Canada’s largest cryptocurrency exchange, were unable to access their funds after its founder, Gerald Cotten, died last gasthausamflughafen.de: Dominic Rushe. Exchange CEO The founder —something Ex-users say crypto Fintech Solutions was the recently deceased CEO of Canada's dominant Bitcoin exchange biggest cryptocurrency exchange relied lost $m demand exhumation founder Gerald Cotten had announced on Jan. 14, lost $m demand exhumation Cotten had died while — Canadian company may have.
Canadian bitcoin ceo diesA Crypto Exchange CEO Dies—With the Only Key to $ Million | WIRED
Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time. British Columbia Sudden death of cryptocurrency leader sends Quadriga into tailspin, panicking clients One of Canada's largest cryptocurrency exchanges has filed for creditor protection in Nova Scotia, leaving thousands of fearful customers with frozen assets and scant information.
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In fact, it was Bitbuy. About the Author. Yvette Brend. Here's what we know about Daon Glasgow B. Liberals and Greens turn to new strategies after byelection defeat What you need to know about B. The six-year-old company is now seeking protection from its creditors as it attempts to access the lost funds. On Tuesday, a Halifax judge granted Quadriga a day stay while it searches for the lost crypto, temporarily shielding the company from lawsuits by customers, some of whom reportedly own millions that are now stranded.
According to the CBC , the hardware will be turned over to an independent court-appointed lawyer. Exchanges, in particular, have been the targets of hackers, racking up billions in losses. In this case, that backfired, because Cotten was allegedly the only person with access to the keys. A copy of his will obtained by the Globe and Mail , dated Nov. Large crypto custodians, like exchanges and foundations, typically require multiple people, each with his or her own key, to access funds. Those companies also have backups in case the keys or the keyholders are lost, though there are no regulations requiring it.
Some commentatorsincluding Sirerquestioned whether Cotten had actually died.