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Investors were locked out of $190 million in cryptocurrency properties after the creator of a crypto exchange passed away without sharing the password to a laptop computer which contained business’s records, according to CoinDesk.
Gerald Cotten, co-founder and CEO of QuadrigaCX, passed away in December due to problems of Crohn’s illness, the business stated in a Facebook post last month. QuadrigaCX, which declared personal bankruptcy defense in the Supreme Court of Nova Scotia onJan 31, was developed to “simplify the process of buying and selling” the bitcoin cryptocurrency, according to a cached variation of its site.
QuadrigaCX owes consumers around $190 million in cryptocurrency and money, Jennifer Robertson, Cotten’s widow, stated in a sworn affidavit submitted recently. Robertson stated Cotten held “sole responsibility for handling the funds and coins,” according to the file.
Robertson stated she does not have service records for QuadrigaCX or its associated business, and she does not understand the password or healing secret for Cotten’s encrypted laptop computer. On its site, QuadrigaCX stated it’s been working for weeks to find and protect the cryptocurrency reserves, however hasn’t prospered.
QuadrigaCX didn’t instantly react to an ask for remark sent out to its Twitter account. A message left at a phone number noted on the archived variation of the business’s site wasn’t instantly returned. An e-mail sent out to its assistance group likewise wasn’t instantly returned.
You can check out Robertson’s affidavit here:
Affidavit of Jennifer Rober … by on Scribd
