Can’t take it with you? $190mn of crypto funds ‘inaccessible’ after password holder dies

Embattled Canadian crypto exchange QuadrigaCX, already embroiled in a variety of previous legal cases, claims that it no longer has access to roughly $190 million of clients’ holdings, though experts are not convinced.

QuadrigaCX says founder Gerald Cotten died unexpectedly “due to complications with Crohn’s disease on December 9, 2018 while travelling in India” – and was the only person who knew the password to the company’s alleged “cold wallet” where it kept the vast majority of client holdings.

A “cold wallet” is a physical data storage device that is not connected to the internet.

rt.com

Can’t take it with you? $190mn of crypto funds ‘inaccessible’ after password holder dies
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