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Dude dies holding password to accounts worth $275m in cryptocurrency

The CEO of a digital asset exchange firm has died, leaving $275 million  worth of cryptocurrency locked in an account and unpayable to investors. 

Chief executive officer of Quardriga CX, Gerald Cotten, died in India on December 9 from complications of Crohn’s disease. He was just 30.

Cotten died leaving behind a laptop computer that housed customer accounts in ‘cold storage’ (ie: encrypted so as to avoid seeing the accounts hacked).

The email addresses and messaging system used to run the exchange business currently remain encrypted, with no-one knowing the passwords, not even his widowed partner, Jennifer Robertson.

Robertson says she can’t find her late husband’s passwords or any business records for the company, with experts also brought in to try to hack into Cotten’s digital devices with ‘limited success’.

The online startup currently owes about $201 million in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, according to court documents filed last week in Halifax, Nova Scotia, US. Other clients are yet to claim.

Antonino Tati

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