There are serious tension amongs crypto investors as the CEO owner of crypto currency company, QuadrigaCX dies without transferring the passwords, of the safe to anyone forcing investors to lose nearly $190 million.
Gerald Cotten,30, the founder of QuadrigaCX, Canada’s largest cryptocurrency exchange, died last year in India from complications with Crohn’s disease. Before his death, he had the only password to unlock the funds and didn’t get to transfer that knowledge to anyone.
QuadrigaCX has lost nearly $190 million of their investors’ money following Cotten’s death as all efforts to get the passwords have proven abortive.
His widow, Jennifer Roberston, said in a statement that she has recovered her late husband’s work laptop, but is unable to access it because she doesn’t know the password. The company said they’ve hired a security expert to try to access the funds, but so far he has been unsuccessful.