The chief executive of cryptocurrency company Quadriga CX has died with all the passwords necessary to to unlock all his customers’ coins. Without their digital keys, his clients lose access to their funds. The company’s board of directors said last week it is seeking creditor protection.
According to a reports by Bloomberg News, The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, according to court documents filed Jan. 31 in Halifax, Nova Scotia. Nor can Vancouver-based Quadriga CX pay the C$70 million in cash they’re owed.
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The problem is, Robertson said she can’t find his passwords or any business records for the company. Experts brought in to try to hack into Cotten’s other computers and mobile phone met with only “limited success” and attempts to circumvent an encrypted USB key have been foiled, his widow, who lives a suburb of Halifax, said in the court filing.
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