{"id":3247,"date":"2019-02-04T19:03:00","date_gmt":"2019-02-04T19:03:00","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=3247"},"modified":"2019-02-04T19:03:00","modified_gmt":"2019-02-04T19:03:00","slug":"crypto-firm-boss-dies-with-the-only-password-to-145000000","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/crypto-firm-boss-dies-with-the-only-password-to-145000000\/","title":{"rendered":"Crypto firm boss \u2018dies with the only password to \u00a3145,000,000\u2019"},"content":{"rendered":"
\"\"<\/a>
First published on Metro By Rob WaughMonday 4 Feb 2019 9:20 am<\/figcaption><\/figure>\n

Canadian cryptocurrency exchange QuadrigaCX may be reaching for the ouija board \u2013 after its founder, Gerald Cotten, died suddenly with the only password, leaving his widow unable to access \u00a3145m in client funds. Crypto passwords can\u2019t be reset via email \u2013 and Cotten was the only person who knew the password to the Canadian exchange\u2019s funds in \u2018cold storage\u2019, the exchange claims.<\/p>\n

The firm, Canada\u2019s largest cryptocurrency exchange, also faces other unrelated banking issues, and says it has applied for creditor protection as it seeks to address \u201csignificant financial issues\u201d.<\/p>\n

This is actually what Bitcoins look like in real life (Getty) Cotten\u2019s widow, Jennifer Robertson, has filed for creditor protection, saying that the firm cannot access coins in \u2018cold storage\u2019, Coindesk reports<\/a>.\"\"<\/a><\/p>\n

\u2018Cold storage\u2019, for the uninitiated, refers to offline wallets used to safely store large amounts of cryptocurency (connected, or \u2018hot\u2019, wallets are more vulnerable to hackers).<\/p>\n

If you park like this you’re a bit of an idiot The exchange announced Cotten\u2019s death saying that he had died, \u2018due to complications with Crohn\u2019s disease on December 9, 2018 while travelling in India, where he was opening an orphanage to provide a home and safe refuge for children in need.\u2019<\/p>\n

Robertson says that while she has Cotten\u2019s laptop, it\u2019s encrypted and she does not have the password. She wrote, \u2018Quadriga\u2019s inventory of cryptocurrency has become unavailable and some of it may be lost.\u2019<\/p>\n

Read more: https:\/\/metro.co.uk\/2019\/02\/04\/crypto-exchange-loses-145000000-founder-dies-password-8434065\/?ito=article.amp.share.top.whatsapp?ito=cbshare<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian cryptocurrency exchange QuadrigaCX may be reaching for the ouija board \u2013 after its founder, Gerald Cotten, died suddenly with the only password, leaving his widow unable to access \u00a3145m in client funds. Crypto passwords can\u2019t be reset via email \u2013 and Cotten was the only person who knew the password to the Canadian exchange\u2019s …<\/p>\n","protected":false},"author":1,"featured_media":3248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[61,15],"tags":[],"aioseo_notices":[],"yoast_head":"\nCrypto firm boss \u2018dies with the only password to \u00a3145,000,000\u2019 - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/crypto-firm-boss-dies-with-the-only-password-to-145000000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto firm boss \u2018dies with the only password to \u00a3145,000,000\u2019 - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"Canadian cryptocurrency exchange QuadrigaCX may be reaching for the ouija board \u2013 after its founder, Gerald Cotten, died suddenly with the only password, leaving his widow unable to access \u00a3145m in client funds. 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