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Gerald Cotten founded a cryptocurrency exchange office in Canada. He has collected millions of dollars from customers wishing to bet on this type of investment. He put everything in a "cold wallet", a kind of "savings". is connected to the internet – he protected everything with a pbadword that he was the only one to know … and died.
If the story that the pbadword would have been lost with the death of the founder of the trading house is real, thousands of investors can stay without the money from their cryptomoedas
Now the QuadrigaCX exchange office owes its customers $ 190 million, or about 696.4 million rand, simply because only the deceased owner knows the pbadword of the cold wallet . The bureau de change website has recently been published and the company has filed a petition to protect the creditor from "liquidity problems".
Pbadage from Beyond
It is the wife of Cotten who explained the situation. in court, stating that he did not have the pbadword to access the encryption storage of his clients. In addition, the exchange office has also encountered several banking processing and payment issues, as well as other organizations holding funds from QuadrigaCX.
However, according to some investors, the story could be misunderstood: QuadrigaCX customers said they witnessed their crypto rate after the problem was made public by the exchange house. In theory, without an access pbadword, no activity related to values should exist.
If the story that the pbadword would have been lost with the death of the founder of the trading house is real, thousands of investors may run out of money. the money from their cryptomoedas, which will be lost forever in the encrypted cold wallet of QuadrigaCX.
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