Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Crypto CEO dies leaving $190 million locked away

Video Credit: TomoNews US - Duration: 01:51s - Published < > Embed
Crypto CEO dies leaving $190 million locked away

Crypto CEO dies leaving $190 million locked away

NOVA SCOTIA, CANADA — A cryptocurrency exchange company is struggling after its CEO died leaving $190 million locked in his encrypted laptop, reports NPR.

Gerald Cotten was the sole director of Quadriga, Canada's largest cryptocurrency exchange and his sudden death has left the company struggling to refund its over 100,000 users.

Cotten's widow, Jennifer Robertson, has been left to clean up the financial mess that ensued after his death.

There's only one problem: she doesn't know the password or recovery key to access the computer Cotten used to store the company's crypto funds.

Robertson has since hired experts to break into his laptop and cellphone but they have only been able to gain limited access.

The company has filed for bankruptcy protection as it tries to find ways to recover the passwords or refund its users.

And, because this happened in the internet world, conspiracy theories questioning Cotten's death have began popping up.

According to statements issued by his widow on Quadriga's site, Cotten died due to complications with Crohn's disease in Jaipur, India where he was opening an orphanage.

Blockchain news site, Coin Desk retrieved and published Cotten's death certificate but it has raised even more questions as it does not share a cause of death.

Reddit users heavily questioned the legitimacy of Cotten's death certificate with some flat out saying it was definitely staged claiming that forging a death certificate in India isn't too difficult.


Recent related news from verified sources

Texas: Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million Case

Texas: Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million CaseAfter admitting to deceiving investors, the CEO of AriseBank will likely now face up to 20 years in...
The Cointelegraph - Published

NetCents announces merchant deal with Surge365 to expand travel industry reach of cryptocurrency

NetCents Technology Inc (CSE:NC) (OTCMKTS:NTTCF) said Thursday that it has signed a merchant...
Proactive Investors - Published

$25 Million in 2 Weeks: BlockFi Booms as Bitcoin, Ether Investors Seek Interest

BlockFi CEO Zac Prince explains in depth how the startup manages the myriad risks of lending and...
Coindesk - Published

Global Blockchain Mining concludes crowdsale for provider of 'last mile' internet access to remote regions

Global Blockchain Mining Corp (CSE:FORK) advanced its push into professional services when it said...
Proactive Investors - Published

You Might Like

Tweets about this

Recent related videos from verified sources

BlockFi's CEO on Why the Lending Company is Launching a Deposit Account [Video]BlockFi's CEO on Why the Lending Company is Launching a Deposit Account

BlockFi, the provider of crypto asset-backed loans, has launched what is effectively a high-yield savings account. The BlockFi Interest Account allows retail, corporate, and institutional investors to..

Credit: Cheddar Inc.     Duration: 02:02Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.