Collapse · January 14, 2019
QuadrigaCX announces CEO Gerald Cotten's death, leaving ~C$190M in client funds inaccessible
Price at event
$3,704
Today
$73,594
Since then
×19.9
On January 14, 2019, Canada's largest crypto exchange QuadrigaCX announced that its founder Gerald Cotten had died in India the previous month, supposedly taking with him the only keys to the cold wallets holding customers' money. A later OSC investigation found there were no missing wallets to speak of: Cotten had been running the platform as a Ponzi scheme, and most of the roughly C$190M shortfall came from his own fraudulent trading rather than a deceased man's forgotten passwords.
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