Cryptocurrency owners loses $190m after exchange founder dies

Intro

Cryptocurrency owners in Colombia will be experiencing one of the biggest loses after over 190 million dollars was locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him.

Canada’s largest cryptocurrency exchange, QuadrigaCX were unable to access their funds after its founder, Gerald Cotten, died last year.

According to a court filing first reported by CoinDesk, a cryptocurrency news and events company, Jennifer Robertson, identified as Cotten’s widow, said the exchange owes its customers roughly C$250m (US$190m) in cash and cryptocurrency held in its “cold storage”.

Check Also

Tragedy!!! Gunmen kill 11people in Maiduguri mosque

It was a sad day at a mosque in Maiduguri after the death of eleven …