Crypto Exchange Says It Can’t Repay $190 Million to Clients After Founder Dies With Only Password

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  • February 3, 2019

Canadian crypto exchange QuadrigaCX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018, Coindesk reported on Friday.

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Crypto Exchange Says It Can’t Repay $190 Million to Clients After Founder Dies With Only Password