🔗 Crypto Exchange Says It Can’t Repay $262 Million To Clients After Founder Dies With Only Password

Canadian crypto exchange QuadrigaCX says it cannot repay most of $262 million in client holdings after its founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018.

Oh shit! 🤦🏻‍♂️

Mathew Packer @matpacker