Quadriga CEO death, Is it new scam in crypto

[r1s2g3]

https://www.investinblockchain.com/is-quadriga-ceo-actually-dead-or-140-million-exit-scam/

Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.

[meccaflare0]

That's just the hopium talking. Money is stolen. Guy goes to part of India known for fake death certificates. Does his will weeks before his "death" and transferred 15 properties to his wife before he died. And he left 100k to his fucken dogs. Wife is currently transferring properties to a trust in an attempt to separate them from the creditors (the users)

Also upon further chain analyse it looks like there was tremendous efforts to obfuscate the wallet addresses by dispersing funds and parking.

And to top it off CIBC only froze their account because Jose Reyes transfer over a million into his personal account. CIBC froze the account because they sketched out. And They kept contacting the now "dead" ceo. and he kept ignoring them. Making the account stay frozen longer. This happen months before he "died"

[proTECH77]

This topic has been extensively be dealt with with the topics bellow as i see no reason why such repetitive topics should be raise as new topic again.
 
https://bitcointalk.org/index.php?topic=5106678.0

Read in full https://beincrypto.com/quadrigacx-saga-human-tragedy-or-yet-another-exit-scam/

https://bitcointalk.org/index.php?topic=5106159.0

Source: https://www.theguardian.com/technology/2019/feb/04/quadrigacx-canada-cryptocurrency-exchange-locked-gerald-cotten

Though, there had been accusations that some of the addresses were still fresh regards to their transactions while in some quarters they said maybe he intend to launch another exchange with the customer KYC in another scene they claimed he's DIED.
This may end up in scam but let wait and see the end of the story. 

[AB de Royse777]

~snip~

Yes it has been talked before. Sent you 2 merit on your way to bring it up.

There are talks around that it's an escape plan. The CEO did not die. People needs to learn that it is not safe to trust anyone with your crypto even if it is the best exchange in the world.

[avikz]

https://www.investinblockchain.com/is-quadriga-ceo-actually-dead-or-140-million-exit-scam/

Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.

It probably is! What raises the suspicion even more is the creation of the will through which he transferred his real estate properties to his wife. All that happened just 15 days before his death! Probably he is going to live with an alternate identity. Remember the movie - The Shawshank Redemption??

[therhslv]

Unfortunately there is still people out there that don't care about others and think only about himself . I don't say the CEO faked death , who knows maybe he really died and somebody did know where the keys was and now trying blame dead CEO . Hopefully investors will get all invested money back or atleast something . Novadays we should be more carefull where we put our money . Currently i think its best to stick with BTC , ETH and other proven coins / tokens .

[dothebeats]

We really don't know what happened in there. though it's quite suspicious that a man entrusted with hundreds of millions in dollars in cold storage would go to India, write and sign his will 2 weeks prior to his 'supposed' death and died. Though this topic is being recursively posted, it never fails to amaze me how one man pulled this off knowing that his family might be the target of lawsuits should his plans be successful. Anyways, sudden death is one of the most used exit scams people have been using for decades, so it's not surprising that the CEO may have done this, too.

One big turning point is if the funds suddenly move out after, say, a couple of years.

[CryptoBry]

I would not speculate whether this CEO really died or not because that can easily be done by looking at the body. What is amazing here is the fact that there is no other person on this Earth that knows the way to get the funds out and that also nobody knows the way to open the CEO's computer files. Whether this is another planned escape and scam that can something that time can only tell. The big lesson here is that control of the account should not be entrusted to just one person and that all exchanges should be issuing statement about how they are keeping information like this in case those people in charge will surprisingly die.

[Sadlife]

No one's even buying that shit even his death was a mystery, suspicious and why would a million dollar exchange trust only one person to hold the password for the money in a safe storage. That's just idiotic, my speculation is that the CEO run with the money. This is one of the examples to never put all your money on an exchange always put partially in it.

[eaLiTy]

I definitely looks like a scam with the reports coming out, the owner is dead and that is a fact but the said hundred of millions stored in the cold wallets is not transparent and there are reports that they have send half a million to those cold wallets recently knowing that it cannot be returned. So it is certain that some kind of foul play is going on regarding the exchange, if not who in the right sense will sent hundreds of bitcoin in the cold wallet which is claimed to be operated by the dead owner. In totality the users who deposited their coins are doomed.

[kurian]

Yeah it looks like an exit scam. Now, we all have understood the risk involved in keeping our coins in exchanges. Last year itself we have seen many exit scams like this. Anyway, cryptocurrencies are not supposed to keep in an exchange. If keeping coins in wallet seem to be difficult, Stay away from small and unknown exchanges. I doubt an exchange would leave entire control to a single person. He has probably faked his death.

[rdbase]

There hasnt been much news about it or an update for about a week now. So the heat has come down a bit just like the owner of the site has been waiting to eventually happen.
You could expect more coins from those addresses found by some people to be moving and not just litecoin but the bitcoin and the ethereum moving soon too.

update There seems to be more trouble for the investors of quadtrigacx. Liquid exchange sent alot more bitcoin to the wallet of the dead ceo.
https://www.marketwatch.com/story/embattled-crypto-exchange-accidentally-sent-370000-of-bitcoin-to-dead-owner-2019-02-13

[pixie85]

If the news about them sending 100 BTC to the dead CEO's wallet after his death are true this just has to be an exit scam. Probably his wife has access to the wallets and sho is draining everything she can put her hands on. The worst part is he will probably get away with it in the end because who is going to be tracking him in India?

[boyptc]

And now most of these exchange operators that has some shady ideas will start to think about this incident. I also felt sorry for those people that believed and trusted them their money.

I don't believe he's dead.

If the news about them sending 100 BTC to the dead CEO's wallet after his death are true this just has to be an exit scam.

A big amount sent to the death owner's wallet? sketchy.

[pacman7331]

It looks like a pure dram right now! Because at first, they claimed, without any reason, 190 Million USD vanished from the cold wallets! Sorry to say, I don't believe them in the first place! Then now, a rumor spreading that the Quadriga has died! 190 Million USD enough money to spend a whole life!

And, I definitely agree with you that, our money is not safe in any kind of exchange, even Bittrex or Binance are not safe. When Binance CEO tweeted that Exchanges are safer than wallets, I unfollowed him.

[PuertoLibre]

https://www.investinblockchain.com/is-quadriga-ceo-actually-dead-or-140-million-exit-scam/

Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.

Shady activities will kill reputation of exchange and lost wallet password is not case her imho. Maybe fake death is planned and we can say they played very well. People are confused with news about lost crypto but everything will be clear after tracking the wallet addresses after clear research by officials.

[pixie85]

And now most of these exchange operators that has some shady ideas will start to think about this incident. I also felt sorry for those people that believed and trusted them their money.

I don't believe he's dead.

If the news about them sending 100 BTC to the dead CEO's wallet after his death are true this just has to be an exit scam.

A big amount sent to the death owner's wallet? sketchy.

Yes, very sketchy. According to the article it happened a week ago. The exchange claimed they don't have access to funds because only the dead CEO had all keys and passwords and they somehow managed to gain access and what did they do with it? They sent money to the dead CEO's address! Why isn't the police there already arresting these fraudsters?
https://www.marketwatch.com/story/embattled-crypto-exchange-accidentally-sent-370000-of-bitcoin-to-dead-owner-2019-02-13

[trader34]

https://www.investinblockchain.com/is-quadriga-ceo-actually-dead-or-140-million-exit-scam/

Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.

I too feel sorry for what has happened, but the golden rule for investing in cryptos is being the holder of your private keys. If you keep your money in an Exchange, they have your money, not you. This is yet another episode that proves it... Better leave in Exchanges only the money you need for trading.

[Idrisu]

This topic has been extensively be dealt with with the topics bellow as i see no reason why such repetitive topics should be raise as new topic again.
 
https://bitcointalk.org/index.php?topic=5106678.0

Read in full https://beincrypto.com/quadrigacx-saga-human-tragedy-or-yet-another-exit-scam/

https://bitcointalk.org/index.php?topic=5106159.0

Source: https://www.theguardian.com/technology/2019/feb/04/quadrigacx-canada-cryptocurrency-exchange-locked-gerald-cotten

Though, there had been accusations that some of the addresses were still fresh regards to their transactions while in some quarters they said maybe he intend to launch another exchange with the customer KYC in another scene they claimed he's DIED.
This may end up in scam but let wait and see the end of the story. 

Thank you for pointing out this and it is good we should used the search engines to find out if the topic we are trying to create has been created before and that will reduce spamming and overload the forum with nor relevant posts or duplicating posts.

[singlecrytpo]

I wonder if cyber security firms like CipherTrace would be able to trace these sorts of events before they happen... or prove that it was a scam and not just death