Estimated reading time: 0 minutes, 30 seconds

Quadriga CEO’s Death Yields Questions Over Fate of $145M in Assets

Friday, Feb 08 2019
Cryptocurrency
Written by 

Canadian entrepreneur Gerald Cotton’s death has caused confusion over the fate of $145 million worth of cryptocurrencies stored on Quadriga, the country’s largest exchange. So reports CNN.

Cotton was the co-founder and CEO of Quadiga when he died from complications associated with Crohn's Disease while in India. He was the only one with access to where the accounts are stored. Much of the currency is stored in offline accounts called “cold wallets,” which are designed to protect against hacking. Despite efforts to access the information and attempts to hack the account, the assets remain locked.


Read the full article from CNN.

Read 3756 times
Rate this item
(0 votes)
More in this category: « Invstr to Allow Users to Track Crypto Market JPMorgan Wades Into Digital Currency Market with JPM Coin »
Kurt Martin

Latest from Kurt Martin

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline