Connect with us

News

Crypto Company Founder dies with Passwords to Investors’ $190m, says Wife

BellaNaija.com

Published

 on

Gerald Cohen

A cryptocurrency company – QuadrigaCX – in Canada is currently battling with its customers following its founder’s death.

The founder Gerald Cotten, 30, died “due to complications with Crohn’s disease” while travelling in India to open an orphanage in December, according to his wife Jennifer Robertson.

Sky News reports that Jennifer, in an affidavit she swore on January 31 while filing for credit protection said about $190m in both cryptocurrency and normal money is in “cold storage” and her husband is the only one with the password.

She added that a technical expert is still trying to bypass the encryption on Gerald’s laptop.

The board of directors of QuadrigaCX also applied for creditor protection, with Ernst & Young expected to be appointed on Tuesday to oversee the proceedings.

“For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us. Unfortunately, these efforts have not been successful,” the board said.

5 Comments

  1. GYOnlineNG.COM

    February 5, 2019 at 11:30 am

    Oya don burst..

  2. Curious

    February 5, 2019 at 11:34 am

    Bros you go wake up o ….as in…

  3. Sunday Ukafia

    February 5, 2019 at 12:18 pm

    See wahala o. The young man did a terrible mistake, like everyone he just didn’t expect dead will come knocking so soon. Terrible situation

  4. Seriously

    February 5, 2019 at 3:27 pm

    This whole cryptocurrency is a lot of scams involved. And their founders end up mysteriously dead.

  5. Baybie

    February 5, 2019 at 5:51 pm

    Dies with passwords? Are you sure the guy didn’t fake his own death? LOL

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Star Features

Advertisement
css.php