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The largest cryptocurrency exchange in Canada seeks to protect itself from its creditors after the impossibility of accessing 190 million Canadian dollars (145 million US dollars) of funds following the sudden death of its owner in December.
The CEO and co-founder of QuadrigaCX, Gerald Cotten, died of Crohn's Disease at the age of 30 on December 9 while traveling to India, the company said. based in Vancouver on Facebook.
The stock exchange platform stated in a statement that it filed a creditor protection application on January 31st in the Nova Scotia Supreme Court "to allow us to address the significant financial issues that have affected our ability to serve our customers ". the company will ask the court to appoint a controller as an independent third party to oversee the process.
In an affidavit seen by Canadian media, Jennifer Robertson, widow and executrix of the estate, said she was unable to access the funds.
"The laptop from which (Gerald) carries on the business of the company is encrypted and I do not know the pbadword or key recovery," Robertson quoted the Vancouver Sun as saying.
According to court documents, since the death of Cotten, QuadrigaCX employees have not been able to locate or access approximately $ 190 million in digital money.
"Over the last few weeks, we have worked hard to solve our liquidity problems, which include trying to locate and secure our very large stocks of cryptocurrency held in cold wallets," the company said. Cryptocurrency wallets, similar to USB sticks as storage to keep coins safe from hackers.
"Unfortunately, these efforts have not succeeded," wrote the company.
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