What happened to Gerry Cotten's cryptocurrency holdings?

3 answers

• Dec 27, 2021 · 3 years ago
  Gerry Cotten was the founder and CEO of the cryptocurrency exchange QuadrigaCX. Unfortunately, he passed away in December 2018, and with his death, the access to the exchange's cold wallets, where the majority of the funds were stored, was lost. As a result, it is believed that around $190 million worth of cryptocurrencies belonging to QuadrigaCX's users were inaccessible. This incident has raised concerns about the security and custody of cryptocurrencies on exchanges.
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• Dec 27, 2021 · 3 years ago
  Gerry Cotten's death left many questions unanswered regarding the fate of QuadrigaCX's cryptocurrency holdings. Some speculate that Cotten may have faked his death and disappeared with the funds, while others believe that the keys to the cold wallets were simply lost. The situation has led to legal battles and investigations to recover the funds and provide answers to the affected users. It serves as a reminder of the importance of proper security measures and custody solutions in the cryptocurrency industry.
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• Dec 27, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the QuadrigaCX incident was a significant blow to the trust and credibility of cryptocurrency exchanges. It highlighted the risks associated with centralized exchanges and the need for better security practices. At BYDFi, we prioritize the security of our users' funds by implementing robust security measures and employing industry-leading custody solutions. We understand the importance of maintaining transparency and ensuring the safety of our users' assets.
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