The recent news about the death of Quadriga CX’s CEO Gerald W. Cotten is currently creating havoc in the cryptocurrency world, especially to their users. Apparently, they could not recover millions in their accounts because only Cotten knew the security keys and passwords needed to access the funds. While there may be other crypto exchanges that may have lost their clients’ money, this is the first time that one has said that they lost the keys to the account. Naturally, this is causing anger and frustrations from its investors and fear to other cryptocurrency investors.
Quadriga CX is a Canadian cryptocurrency exchange, which is one of the most widely recognized cryptocurrency exchanges in the world. It was founded in 2013 with Cotten being one of the co-founders, and it went offline on January 28, 2019. Since then, investors have been pursuing investigations into the company’s claims and potential lawsuits. The news of Cotton’s death on December 9, 2018, shook them as they are yet to refund their funds. Many of them question the authenticity of his death. According to some, he might have faked his death as a strategy to what they call an exit scam. Now, their lawyers want to exhume his body to conduct an autopsy that will prove his identity, as well as the cause of death.
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