“Kryptobörsgrundare took with him the password in the grave – 1.3 billion locked”
“QuadrigaCX: ”Gerry took sole responsibility for the management of the funds””
“When the founder of the canadian kryptobörsen QuadrigaCX suddenly died he took with him the passwords to several accounts in the tomb.”
“a Total of about sek 1.3 billion frozen in accounts – that no one else in the company has the codes.”
“– Despite repeated and diligent applicants, I have not managed to find them written down anywhere, ” says the founder’s widow, Jennifer Robertson as representing the company, according to AFP. “
“QuadrigaCX is Canada’s largest exchange for the exchange of kryptovalutor, such as bitcoin. When the founder Mr Cotton died in december last year, he took important business information with him to the grave. “
“He was the only one in the company who had the passwords to several large accounts. “
“in Total, the amount corresponding to 180 million canadian dollars, i.e. about 1.3 billion Swedish crowns, which now are locked in their accounts, reports the AFP.”
“Died in India, would open the orphanage”
“Gerald Cotten was just 30 years old when he died due to complications of Crohn’s disease. “
“He passed away during a trip in India, where he was to open an orphanage ”to provide a home and a safe haven for children in distress,” according to the company. “
“because of Cottens’s sudden death did no one in the company take over the account management after him.”
“the Passwords are not written down.”
“In a statement, writes the company that, after weeks of failed attempts to ”locate and secure our very significant kryptovalutareserver” filed for bankruptcy protection. “
” I can’t the password or recovery key. Despite repeated and diligent applicants, I have not managed to find them written down anywhere, ” says Cottens widow Jennifer Robertson as representing the company, according to AFP. “
“the Supreme court in the canadian Nova Scotia has now granted the application. It means that QuadrigaCX has at least 30 days to meet their skuldkrav.”
“”Gerry took sole responsibility””
“But to be able to pay its debts, the company must, therefore, get into the locked accounts, so-called ”cold wallets” – something that is not simply a kryptobörs.”
“”Gerry took sole responsibility for the management of funds for the QuadrigaCX and thus, no one other than he would get access to the funds in the cold wallet.””
“Furthermore, they write that it hired outside consultants to try to get access to the accounts. At present, it has managed to get access to ”a few coins, but not many.””