In late January, the wife of a cryptocurrency-exchange founder testified that her husband inadvertently took at least $137 million of customer assets to the grave when he died without giving anyone the password to his encrypted laptop. Now, outraged investors want to exhume the founder's body to make sure he's really dead.
ARS TECHNICA
This story originally appeared on Ars Technica, a trusted source for technology news, tech policy analysis, reviews, and more. Ars is owned by WIRED's parent company, Condé Nast.
The dubious tale was first reported in February, when the wife of Gerry Cotten, founder of the QuadrigaCX cryptocurrency exchange, submitted an affidavit stating he died suddenly while vacationing in India, at the age of 30. The cause, she said: complications of Crohn's disease, a bowel condition that is rarely fatal. At the time, QuadrigaCX lost control of at least $137 million in customer assets because it was stored on a laptop that—according to the widow's affidavit—only Cotten knew the password to. Widow Jennifer Robertson testified that she had neither the password nor the recovery key to the laptop. The laptop, she said, stored the cold wallet—that is, a digital wallet not connected to the Internet—that contained the digital currency belonging to customers of the exchange. In addition to at least $137 million in digital coin belonging to more than 100,000 customers, another $53 million was tied up in disputes with third parties, investors ..
Support the originator by clicking the read the rest link below.
