Investors were locked out of $ million in cryptocurrency assets after the founder of a crypto exchange died without sharing the password to a laptop that contained the business's records. Feb 04, · Crypto trader boss dies with password to clients' £m Gerald Cotten, 30, was the only person with passwords to access customers' money - and his wife is now receiving threats. By Alix Culbertson, news reporter Tuesday 5 February , UK. Bitcoin Automated Trading. Buy and sell Bitcoin with the Automated Bitcoin Trader. Bitcoin Trader delivers signals based on trading indicators. Trade Bitcoin, .
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Tricky brainteaser challenges movie buffs to find the classic festive Disappointed with your Christmas gifts? Expert shares her five rules for regifting - and the big mistake As of Tuesday afternoon, its website was taken offline. His death was announced Jan. She even hired an expert, who was unable to break through the encryption to access the funds. The news was first reported by Coindesk on Friday.
Cryptocurrencies are a form of digital currency that use encryption techniques to control their creation and secure transactions independent from a central bank. These encryption techniques make it very difficult to create any kind of counterfeit money or have the accounts hacked. The Canadian company Cotten co-founded, QuadrigaCX, revolves around users depositing funds into their QuadrigaCX account and then trading various cryptocurrencies — predominately Bitcoin — with other users.
Its database has around , users. Within QuadrigaCX's database, the currency is divided between a hot wallet coins in the server and a cold wallet an offline storage area to protect the coins from hackers. Ally Shapoval wrote: "Hello, Quadriga! I withdrew money from my Quadriga account to my bank more than 2 weeks ago. Another wrote in French: "I have sent lots of emails, but I just get automatic responses, I'm not even able to get my crypto out.
Some are questioning whether Mr Cotten is even dead and others have accused the company of lying to them. Watch Live. By Alix Culbertson, news reporter. Fill 2 Copy 11 Created with Sketch.