The cryptocurrency exchange QuadrigaCX has stated it won't be able to repay £110m ($190m) to its clients after its founder died with their passwords. While travelling in Quadriga, Gerald Cotten died "due to complications with Crohn's disease". The money was held in cold storage, with only Mr Cotten possessing the key. Passwords were held on Mr Cotten's laptop, which neither his wife nor technical experts have been able to unlock.
The cryptocurrency exchange QuadrigaCX has stated it won't be able to repay £110m ($190m) to its clients after its founder died with their passwords. While travelling in India, Gerald Cotten died "due to complications with Crohn's disease". The money was held in cold storage, with only Mr Cotten possessing the key. Passwords were held on Mr Cotten's laptop, which neither his wife nor technical experts have been able to unlock.