But Crypto Is The Future! Can I Hold About Twenty, Bro?
The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, according to court documents filed Jan. 31 in Halifax, Nova Scotia. Nor can Vancouver-based Quadriga CX pay the C$70 million in cash they’re owed.
Access to Quadriga CX’s digital “wallets” -- an application that stores the keys to send and receive cryptocurrencies -- appears to have been lost with the passing of Quadriga CX Chief Executive Officer Gerald Cotten, who died Dec. 9 in India from complications of Crohn’s disease. He was 30.
Color me shocked, SHOCKED, that ‘alternative currency’ can get held up by one guy.
I have a little sympathy for the people who’ve lost their money, but if they were half as smart, they wouldn’t be in this situation.
It will continue to be funny money until there are systems in place to keep stuff like this from happening. Crazy to think if the guy had just written the password down somewhere, this would not be happening.