Cryptocurrency Boss Dies with Passwords..!!..$190 million lost forever??.....| Hi-Tech-Blog |


    Today,in this article,we would talk about the huge problem in which customers of Canadian cryptocurrency exchange are now!!

As already mentioned in the topic,Cryptocurrency boss dies with the password required to access the $190 million of funds of customers.

cryptocurrency-Boss-Dies-with-Passwords-!-$190-million-lost-forever??
Cryptocurrency Boss Dies with Passwords..!!..$190 million lost forever??
Due to Crohn's disease,Gerald Cotten passes away in the age of 30,the founder of QuadrigaCX. He passed away in December while travelling to India for opening an Ophanage. And now,Sky News reports that Cotton held "sole responsibility for handling the funds and coins".And now,unfortunately,they came to know that the digital key was held by Cotton which was the key to the lock containing funds of $190 million.

How will be the password retrieved??

 Well,now Jennifer Robertson, the wife of late Mr. Cotton don't knows the password and even a security expert can't hack through the main frame terminal in the laptop to get past the device's encryption!!
  They still couldn't figured it out how to retrieve the digital key and here the customers are raising their voice in social media like Twitter over the Deadlock.
cryptocurrency-Boss-Dies-with-Passwords-!-$190-million-lost-forever??
Cryptocurrency Boss Dies with Passwords..!!..$190 million lost forever??


What next..??

 QuadrigaCX said that it applied for crediter protection in the Nova Scotia Supreme Court "to allow us the oppurtunity to adress the significant financial issues that have affected our ability to serve our customers. For the past weeks,we have worked extensively to address our liquidity issues,which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets,and that are required to satisfy customer cryptocurrency balances on deposit,as wellas sourcing a financial institution to accept the bank drafts that are transferred to us.But unfortunately,these efforts have not been successful",the company added..

So,what do you think??Will $190 million gone forever??Or security experts will be successsful in retrieving the key..? Mention your thoughts in the comments section..

Hi Tech Blog

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