Canadian cryptocurrency firm CEO dies in India taking password to $ 190 million with him – Times of India ►

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Canadian cryptocurrency firm CEO dies in India taking password to $ 190 million with him – Times of India ►

WASHINGTON: This is a story worthy of a film script – which will be uncountable. A 30-year old CEO of a Canadian

cryptocurrency

firm reportedly died in India from complications from Crohn’s disease (an intestinal inflammation disorder) taking with him passwords that has locked up $ 190 million in investor cryptocurrency.

Top security experts have been unable to unlock the encrypted password

The saga, just unfolding in the Western media, goes back to December when the company and Cotten’s wife, according to Gerald Cotten, 30-year old founder of QuadrigaCX, died due to complications with Crohn’s disease,

Jennifer Robertson

. Cotten died “While traveling in India, where he was opening an orphanage to provide a home and safe refuge for children in need,” the company’s social media page said.

News of his death was public only after Robertson and the QuadrigaCX filed for credit protection in Canadian courts, saying he was unable to access Cotten’s encrypted account that held assets.

In a statement posted on its website on January 31, QuadrigaCX asked the

Nova Scotia Supreme Court

“To allow us to deal with the significant financial issues that have our ability to serve our customers.”

“For the past weeks, we have worked extensively to address our liquidity issues, which include trying to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balance on deposit, as well as sourcing a financial institution to accept the bank drafts that are to transfer to us, “the company said, adding,” Unfortunately, these efforts have not been successful. ”

Online forums are boiling with conspiracy theories, including whether Cotten has died at all, if the whole operation is a scam, and why he will travel in India if he has Crohn’s disease given country’s

dodgy

drinking water issues

“Is there any evidence to say that he never went to India?” one poster asked reddit. “You must keep going back in time until one verifiable fact is produced and then moving forward from there. I feel for a group of alleged conmen, we’re taking a lot of their word, no?”

“I have friends in India looking up all the info they have about a Canadian who died around in Jaipur in local newspaper … will keep posted,” volunteered another post.

Another post on

Twitter

said two weeks before he died, taking the toabouts to the keys of the wallet with him, Cotten signed a will leaving $ 100,000 CAD for his two dogs.

Read the story in Bengali

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