Bitcoin-exchange ceo found dead comments in html

But soon the words of support and sympathy were replaced by panicked messages from investors: Where was their money? As months passed and the money failed to materialize, a conspiracy theory emerged: Cotten had faked his own death and disappeared. Cotten is in fact deceased. As Vanity Fair reported, QuadrigaCX initially attracted users because it seemed less risky than other bitcoin trading platforms. Though he died in December , according to his widow, it took more than a month for the cryptocurrency exchange to reveal that he had passed away.

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Content:

• Confused About Dogecoin? Here’s How It (Doesn’t) Work.
• Canadian cryptocurrency firm collapsed due to Ponzi scheme by late founder, regulator says
• How Weird Is It That a Company Lost Hundreds of Millions in Cryptocurrency Because Its CEO Died?
• Cryptocurrency investors locked out of $190m after exchange founder dies
• Company loses $190 million in cryptocurrency as CEO dies with sole password
• Coin Crunch India
• Kazakhstan is huge for crypto mining. Political upheaval could jeopardize that

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Confused About Dogecoin? Here’s How It (Doesn’t) Work.

A cryptocurrency exchange can't access the millions of dollars it owes investors. Robertson said Cotten held "sole responsibility for handling the funds and coins," according to the document.

Robertson said she doesn't have business records for QuadrigaCX or its affiliated companies, and she doesn't know the password or recovery key for Cotten's encrypted laptop. On its website, QuadrigaCX said it's been working for weeks to locate and secure the cryptocurrency reserves, but hasn't succeeded. QuadrigaCX didn't immediately respond to a request for comment sent to its Twitter account.

A message left at a telephone number listed on the archived version of the company's website wasn't immediately returned. An email sent to its support team also wasn't immediately returned. Affidavit of Jennifer Rober Be respectful, keep it civil and stay on topic.

We delete comments that violate our policy , which we encourage you to read. Discussion threads can be closed at any time at our discretion. Abrar Al-Heeti. You can read Robertson's affidavit here: Affidavit of Jennifer Rober

Canadian cryptocurrency firm collapsed due to Ponzi scheme by late founder, regulator says

Bill Chappell. QuadrigaCX says it can't reach millions of dollars' worth of bitcoin and other cryptocurrency after its CEO died during a December trip to India. The CEO's laptop is encrypted, the company says. Cotten was "the sole officer and director" of the Canadian cryptocurrency exchange when he died, said his widow, Jennifer Robertson, in an affidavit that is part of the company's request for court assistance as it seeks protection from its creditors. The debt filing comes weeks after Robertson announced that Cotten had died — an event she described as "a shock to all of us. Robertson, who is executor of Cotten's estate, also announced that Quadriga has put new limits on daily withdrawals, trying to keep pace with demand and resolve transaction problems that lingered through much of last year.

How Weird Is It That a Company Lost Hundreds of Millions in Cryptocurrency Because Its CEO Died?

Its blockchain, the history of all its transactions , was under attack. Coinbase claims that no currency was actually stolen from any of its accounts. But a second popular exchange, Gate. Just a year ago, this nightmare scenario was mostly theoretical. These are not just opportunistic lone attackers, either. A blockchain is a cryptographic database maintained by a network of computers, each of which stores a copy of the most up-to-date version. A blockchain protocol is a set of rules that dictate how the computers in the network, called nodes , should verify new transactions and add them to the database. The protocol employs cryptography, game theory, and economics to create incentives for the nodes to work toward securing the network instead of attacking it for personal gain.

Cryptocurrency investors locked out of $190m after exchange founder dies

April 24, — AM by Oisin Breen. Brooke's Note: Schwab and Fidelity can be relatively assured that Amazon and Facebook won't take them on anytime soon because of one word -- 'regulation. It's a lot to ask a Mark Zuckerberg or Jeff Bezos to freelance in that discipline. Even with its super stripped-down model, Robinhood is on a very steep learning curve with the SEC, never mind Massachusetts. Schwab and Fidelity leaders have taken divergent paths to provide cryptocurrency services.

Company loses $190 million in cryptocurrency as CEO dies with sole password

The founder of the company left no way to access the funds in the event of his death. Gerald Cotten, 30, died of complications with Crohn's disease while doing philanthropic work in India in early December, according to a post on QuadrigaCX's Facebook page. The company didn't announce Cotten's death until more than a month after he died, and as customers panicked and tried to withdraw their funds, QuadrigaCX's website went down, and the company went off the grid. When QuadrigaCX broke its silence a week later, the company revealed it had filed for creditor protection in the Nova Scotia Supreme Court, according to reporting from Coindesk. Evidently, Cotten was the sole person responsible for transferring QuadrigaCX funds between the company's "cold wallet" - secure, offline storage - and its "hot wallet" or online server, according to court documents.

Coin Crunch India

Police are investigating the death of Tobiasz Niemiro, a Polish entrepreneur and co-owner of cryptocurrency exchange Bitmarket, which closed on July 8 under suspicious circumstances. The exact circumstances of his death are, as yet, unconfirmed. However, acquaintances of Niemiro say they suspect foul play. Local businessman, Adam Socha claimed today, in a blog post, that he had received an email from Niemiro, a few hours before he died. It seemed like he had found himself in an environment of shady businessmen. He gave names. I will not disclose its content because of the investigation. I forwarded the email to the prosecutor's office.

Kazakhstan is huge for crypto mining. Political upheaval could jeopardize that

A cryptocurrency exchange can't access the millions of dollars it owes investors. Robertson said Cotten held "sole responsibility for handling the funds and coins," according to the document. Robertson said she doesn't have business records for QuadrigaCX or its affiliated companies, and she doesn't know the password or recovery key for Cotten's encrypted laptop.

And in , the definance project Yfdex. Welcome to the exit scams; the new form of forgery now lurking in the anonymous and decentralized cryptocurrency world. The above examples are only a few of the many exit scams that occur every year. The modus operandi is simple: promoters launch a new cryptocurrency platform based on a promising concept; the ICO then raises money from various investors; the business may or may not run for some time; and then the promoters who had collected the ICO money disappear, leaving the investors in the lurch. Due to the decentralized, anonymous, and regulation-free operations of the virtual currency ecosystem, it is difficult to trace scammers who dupe the investors. Though it is difficult to clearly identify a dubious ICO, investors can keep the following points in mind before making an investment decision.

The year-old, also referred to as a Bitcoin evangelist by many, leaves a controversial legacy behind. He's also known for starting MPEx, a Bitcoin securities exchange, in Although the Bitcoin held by Popescu will see their value change, if the billionaire had not made arrangements for others to get access to his wallets, those tokens would end up being lost. Given the huge number of tokens that Popescu held, this could have an impact on the price of Bitcoin. In memory, a collection of my favorite MP quotes below. According to a Spanish-language publication, Teletica.

As a result, on Tuesday, the Nova Scotia Supreme Court granted an order for creditor protection, allowing QuadrigaCX to avoid bankruptcy for 30 days while it tries to figure out how to pay its debts. The company said that it had spent the past weeks working "extensively to address our liquidity issues," which includes locating the money its customers had deposited. As of Tuesday afternoon, its website was taken offline. His death was announced Jan.