Detail Analysis
Date:
Status:
Count:
Contributor:
February 4, 2019
Verified
1
zerofriction.io
Loss Amount:
195,000,000
Recovered Amount:
-
Currency:
Dollars
KYC By:
Audit By:
None
None
Website:
No data
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Exchange
Assets
Poor Key Management
Extended Method:
Private key loss, owner died
Data Sources:
Canada's largest cryptocurrency exchange is seeking creditor protection after losing about $190 million worth of cryptocurrency after the sudden death of its founder and chief executive (Gerry Cotten) in December. Took any information on how to access the cold wallets to his grave. As investigations started into QuadrigaCX’s finances began, things took a bizarre turn. Six cold wallets were identified to belong to QuadrigaCX. However, when investigators looked at the wallets, five of them had been emptied around April 2018. No one is really sure what has happened, and investigations are still ongoing. Cotten’s widow has voluntarily returned $9 million in assets from Cotten’s estate to repay users.
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