This is the reason why you shouldn’t store your Cryptocoin in Exchanger Wallets

According to what CoinDesk reported, investors were locked out of $190 million in cryptocurrency assets after the founder of a crypto exchange died without sharing the password to a laptop that contained the business’s records.

Gerald Cotten, co-founder and CEO of QuadrigaCX, died in December due to complications of Crohn’s disease. QuadrigaCX owes customers around $190 million in cryptocurrency and cash.

cryptocurrency exchanger

None of his staffs can retrieve over $190 million in Bitcoin, Litecoin, Ether and other digital tokens held for its customers.

The laptop, email addresses and messaging system he used to run the 5-year-old business were encrypted, according to an affidavit from his widowed wife, Jennifer Robertson.

He died with the password and recovery key of his encrypted laptop. Experts brought in to try to hack into Cotten’s other computers and mobile phone met with only “limited success”.

Now investors are stranded, hope is lost… this is the reason why it is unsafe to store your crytocoin in an exchanger wallets.

21 thoughts on “This is the reason why you shouldn’t store your Cryptocoin in Exchanger Wallets”

  1. Haha village ppl kwa? I don’t understand don’t ppl have their password of login or what? Why would they want to access ppls money illegally? I smell something fishy😤

  2. How can he die with his password?Have never heard of such thing before. People’s asset and money or company can’t just go down the drain because of one man’s death.. Something is not adding up here.

  3. what if the man just frame his death to go away with the money. and if truely they wanna hack him then they need hacker from russian and indian!

  4. I believe someone else has that password or he left a hint some where for the company…they should take their time…and figure it out…

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