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PostPosted: Wed Feb 06, 2019 9:46 am 
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Bitcoin exchange president’s death puts $137M out of reach
Agence France-Presse / 06:43 AM February 06, 2019
Image: INQUIRER.net stock photo

OTTAWA, Canada – A Canadian cryptocurrency exchange was granted bankruptcy protection on Monday after its president took passwords for accounts containing Can$180 million ($137 million US) to his grave when he died suddenly.

In a statement, QuadrigaCX said it sought protection from creditors after weeks of attempting to “locate and secure our very significant cryptocurrency reserves” following the death of its president Gerald Cotten.

Nova Scotia’s high court granted the application made by Cotten’s widow Jennifer Robertson on behalf of the company, which has also stopped currency trading on its platform.

Quadriga CX had announced mid-January that Cotten died of complications from Crohn’s disease on December 9 while volunteering at an orphanage in India. He was 30.

In an affidavit, Robertson said the company has been unable to access an encrypted computer that he is believed to have used to store the cryptocurrencies owed to 115,000 users.

“I do not know the password or recovery key,” Robertson said. “Despite repeated and diligent searches, I have not been able to find them written down anywhere.”

An expert brought in to try to crack the encryptions “has had some limited success in recovering a few coins and some information on Gerry’s cell phones and other computers, but not yet from the main computer he used to conduct business,” she added.

The company’s digital platform allows trading of Bitcoin, Litecoin and Ethereum. /cbb


Read more: https://business.inquirer.net/264634/bi ... z5eiAFbBys
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PostPosted: Wed Feb 06, 2019 12:23 pm 
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Location: Little Boy in Hiroshima
:shock: ngiii.......................................patay :?

JABEZJ wrote:
Bitcoin exchange president’s death puts $137M out of reach
Agence France-Presse / 06:43 AM February 06, 2019
Image: INQUIRER.net stock photo

OTTAWA, Canada – A Canadian cryptocurrency exchange was granted bankruptcy protection on Monday after its president took passwords for accounts containing Can$180 million ($137 million US) to his grave when he died suddenly.

In a statement, QuadrigaCX said it sought protection from creditors after weeks of attempting to “locate and secure our very significant cryptocurrency reserves” following the death of its president Gerald Cotten.

Nova Scotia’s high court granted the application made by Cotten’s widow Jennifer Robertson on behalf of the company, which has also stopped currency trading on its platform.

Quadriga CX had announced mid-January that Cotten died of complications from Crohn’s disease on December 9 while volunteering at an orphanage in India. He was 30.

In an affidavit, Robertson said the company has been unable to access an encrypted computer that he is believed to have used to store the cryptocurrencies owed to 115,000 users.

“I do not know the password or recovery key,” Robertson said. “Despite repeated and diligent searches, I have not been able to find them written down anywhere.”

An expert brought in to try to crack the encryptions “has had some limited success in recovering a few coins and some information on Gerry’s cell phones and other computers, but not yet from the main computer he used to conduct business,” she added.

The company’s digital platform allows trading of Bitcoin, Litecoin and Ethereum. /cbb


Read more: https://business.inquirer.net/264634/bi ... z5eiAFbBys
Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook


:bounce1:

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PostPosted: Wed Feb 06, 2019 1:16 pm 
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Ngeh patay talaga... :(

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PostPosted: Wed Feb 06, 2019 1:22 pm 
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Joined: Thu Mar 03, 2016 8:50 am
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Location: Little Boy in Hiroshima
:lol: :lol: :lol: :lol: :lol:

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PostPosted: Thu Mar 07, 2019 3:12 pm 
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Joined: Fri Aug 27, 2010 11:38 am
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Location: Southeast Asia
Up natin...
Pinost ko lang pero hindi ko binasa...



Investors Will Soon be Able to Buy Stocks With Bitcoin, Crypto Industry is Highly Optimistic

https://www.newsbtc.com/2019/02/06/inve ... -industry/

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PostPosted: Thu Mar 07, 2019 3:21 pm 
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Joined: Thu Mar 03, 2016 8:50 am
Posts: 1351
Location: Little Boy in Hiroshima
ahh parang hindi pa mamamatay ang tech a........... :shock:







:bounce1:

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