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Local => Press & News from India => Topic started by: appiivenkii on February 06, 2019, 06:44:23 PM



Title: Cryptocurrency Exchange CEO dies in Jaipur
Post by: appiivenkii on February 06, 2019, 06:44:23 PM
CEO of QuadrigaCX Exchange dies in Jaipur, and he is the only one know the key for the cold storage of the exchange which has worth 10B INR
Do you ppl think he would have stored his keys somewhere? or would the entire Crypto assets are gone forever?
What do you guys think...
https://www.indiatoday.in/business/story/quadrigacx-ceo-gerald-william-cotten-canada-cryptocurrency-wallets-missing-passwords-1449538-2019-02-06


Title: Re: Cryptocurrency Exchange CEO dies in Jaipur
Post by: manav24 on February 06, 2019, 07:21:52 PM
it looks like a exit scam, look at the threads on https://www.reddit.com/r/QuadrigaCX/

for details.


Title: Re: Cryptocurrency Exchange CEO dies in Jaipur
Post by: avikz on February 06, 2019, 09:02:44 PM
The situation is far more complicated than we are able to fathom till now. The age of CEO is just 30 and it is being said that he was suffering from some serious disease.

Also he had registered his property will just before coming to India and he died just within 15 days of registering his property will. The matter is not straight forward at all!


Title: Re: Cryptocurrency Exchange CEO dies in Jaipur
Post by: appiivenkii on February 07, 2019, 01:42:06 AM
it looks like a exit scam, look at the threads on https://www.reddit.com/r/QuadrigaCX/

for details.

Nice, there is a lot of huff and puff going on
It will be interesting to see how these things will be turned around


Title: Re: Cryptocurrency Exchange CEO dies in Jaipur
Post by: Rotten Egg on February 07, 2019, 11:57:42 AM
The situation is far more complicated than we are able to fathom till now. The age of CEO is just 30 and it is being said that he was suffering from some serious disease.

Also he had registered his property will just before coming to India and he died just within 15 days of registering his property will. The matter is not straight forward at all!

This is not new to Indian CryptoCurrency scenario. Mahesh Verma, founder of an Altcoin, known as The Champ Cash aka TCC, also faked his own death before fleeing to some other country.


Title: Re: Cryptocurrency Exchange CEO dies in Jaipur
Post by: glowing10 on February 12, 2019, 05:48:12 PM
The situation is far more complicated than we are able to fathom till now. The age of CEO is just 30 and it is being said that he was suffering from some serious disease.

Also he had registered his property will just before coming to India and he died just within 15 days of registering his property will. The matter is not straight forward at all!

This is not new to Indian CryptoCurrency scenario. Mahesh Verma, founder of an Altcoin, known as The Champ Cash aka TCC, also faked his own death before fleeing to some other country.

This is really sad such things happen where they flee the country taking the money of the investors. Not sure what would have happened as Indian government would have to co-ordinate with the Canada and also he dies in Fortis hospital which means should be a genuine case .