CEO of Quadrigacx dies leaving customers without funds
The executive was the only person who had access to the private keys of the wallets that store the digital currencies
Gerald Cotten, the founder of the Canadian exchange Quadrigacx, died last December. The senior representative of the organization was the only one who managed the bank account through which the exchange platform operates.
The death of the manager caused the loss of CAD $ 190 million, which is equivalent to 145 million dollars in crypto balances, since no other person of the company had the passwords of the wallets where the assets of the users were kept.
The operators of the platform requested before the Supreme Court of Nova Scotia a protection measure stating that they had not accessed the corresponding money since December 9, the date on which Cotten died.
In turn, the affected clients filed legal claims against the exchange for the delays in the consignments. One of the people involved claimed that he owned around USD $ 700,000 in bitcoin balances.
The company that conducts the investigations argues that in case of not finding the private keys of the wallets possibly the balances contained there are lost forever, since there is no other way to access them.
L.Sáenz
Source: Diario Bitcoin
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