The businessman did not share the password with which his more than 115 thousand clients could access cryptocurrency.
The death of entrepreneur Gerald Cotten has led to the collapse of QuadrigaCX, the bitcoin exchange that he founded in Canada, since the 30-year-old man would not have left the password for the keys that allow customers to access digital money. .
The company reported this month that Cotten had died on December 9 when he was making a trip to India where he had the idea of opening an orphanage, however, the ailments of Crohn's disease was complicated and soon after he lost his life
According to the affidavit issued by the wife of the businessman, Jennifer Robertson, he kept the money of his company stored in a digital purse, which was disconnected from the Internet and could only be accessed through a password, which I would never have shared with anyone, says Bloomberg.
He was very careful with the security of the bitcoins to prevent possible 'hacking', for that reason, everything that involved the administration of his business was very well encrypted, from computers to used systems. In addition, certain powers had been taken, to the point of "assuming exclusive responsibility for the management of funds and currencies and the banking and accounting aspects of the business, and to avoid being hacked, transferred the 'majority' of the digital currencies to cold portfolios" , they report.
Having no access to the cryptocurrency, QuadrigaCX has declared bankruptcy, since it has reached some 180 million Canadian dollars, which is equivalent to 190 million Americans.
Representatives of Cryptobolsa and Cotten's wife have said that they have tried to access the cold purses where they kept certain funds to address liquidity problems, however, they "have not been successful," they said.
Even if we do not want things like that, they always have to have restrictions and secured the keys in safe places. That is why these things can happen, but that is not the worst of all, but an entrepreneur brother has been lost in this business world, peace for him and his family.
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