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Man, Takes $ 190 Million Of Customers' Crypto With Him



You can not take it with you, but if pharaohs and pirates have taught us anything, it's best to make sure they do not get any grubby hands on it either. And now you can not tell the story of the cryptocurrency companies that it turned out to be.

Late last year, Canadian cryptocurrency exchange QuadrigaCX announced that Its beloved CEO, Gerald Cotten, had been expelled while working at orphanage in India, with further information under the country's Privacy Act. Cotten, a "quiet, serious guy with big plans," left a hole in a lot of people's heart. And now, it's been left in a lot more wallets, too. After months of transaction delays, the company has been forced to admit that it can no longer access most of its customers 'funds, almost $ 1

90 million (or 7 cents, depending on which second you're reading this sentence), because they don'

Dan Kitwood / Getty The Ultimate HODL.

While crypto is about decentralized currency and transcending the stupid restrictions of meat space, keeping that coin boils down to doing exactly that. So in order to protect his customers' funds from hackers, Cotten kept all that crypto money in an offline physical "cold wallet" under his sole control – the crypto-equivalent of a 24-bolt bank vault. Scrooge McDuck's himself to death in a pile of gold coins. [This is a very important distinction.] 19659006] But when Cotten died, he took with him the one place he felt. The conspiracy theories have already been made. "Cryptorulez123456789," the conspiracy theories already have started flying. Which makes sense in a shady industry with a sudden access to military coupons? "

Add to that How Cotten's company is doing great, with a lot of dollars being spent in the meantime by the Canadian Imperial Bank of Commerce, and that some of that untouchable money is seemingly on the move, and suddenly the best-case scenario for thousands of blockchain masters is currently encased in an unreachable place and not, used to buy barrels of coconut oil on some private island currently being wiped off of Google Maps.

For more weird tangents Cedric on Twitter .

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