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June 04, 2021, 10:58:53 AM |
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Only Gerald Cotton, the CEO of the company, had the power to unlock the password. Cotton died in India in December. #Toronto: The death of the CEO of a Canadian cryptocurrency firm has left cryptocurrency investors looking for a password worth C 160 million. Because only Gerald Cotton, the CEO of the company, had the power to unlock the password. Cotton died in India in December
According to Quadriga CX's Facebook page, the 30-year-old Cotton arrived in India in December. To join an orphanage as a volunteer That's when he died of a serious illness Since then, the Quadriga authorities have not been able to trace the cryptocurrencies under his supervision. As a result, they are not going to be protected, the organization said. Cotton was in full charge of the 160 million bitcoin and fund. In a document filed with the Supreme Court in Nova Scotia on January 31, Cotton's wife, Jennifer Robertson, said: Despite repeated searches, I did not find them written anywhere.
Quadriga has hired an investigator to extract information from Cotton's computer and phone. Quadriga authorities are also investigating whether some cryptocurrencies can be kept safe on other exchanges, court documents said. Investors owe Quadrigare about C 250 million.
Quadriga kept most of the cryptocurrencies in a 'cold wallet', the court affidavit said. These are offline to prevent hacking or theft.
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