Died the founder of QuadrigaCX. Now the crypto currency exchange is not able to find $ 145 million

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2019-02-03 02:45:07

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Died the founder of QuadrigaCX. Now the crypto currency exchange is not able to find $ 145 million

After the sudden death of founder Jerry Cotto a crypto currency exchange QuadrigaCX were missing cryptocurrencies to $ 145 million. According to local newspaper the Globe and Mail, the company can't find or access the funds on December 9, that provoked a lack of liquidity on the exchange. At the moment, at the disposal of the exchange total of 286 thousand dollars, although its users it slightly more 198 million and 435 thousand dollars.

Writes Cointelegraph, the exchange kept most of their assets in offline storage, or the so-called . It is theoretically one of the safest places to cryptocurrency-protected private keys security. Have Cotto was the sole access to purses and keys that can't look after his untimely death.

According to the report of Ernst & Young, «Quadriga can't get access to cold wallets and the store was empty». The source informs that the auditing firm Ernst & Young serves as an independent observer of the progress of the investigation.

According to the Globe and Mail, Cotten always worked on the personal home PC, which is encrypted. The wife of the deceased claims he did not know the password had not heard about the keys to recovery. According to her, she was unable to find passwords and even hired an expert on cyber security to the hacked computer. Alas, the attempt was not successful.

The Situation was commented by the representatives of other exchanges, expressing doubt in the sole control of the Cotto store. According to them, that would make him an attractive target for kidnapping or extortion. As recognized by the General Director of the Einstein Exchange in Vancouver Michael Gokturk, it's like walking with millions of dollars in cash on the street. More data to search for .

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