The company’s Facebook post said Cotten had traveled to India to open an orphanage. Read more at: //economictimes.indiatimes.com/articleshow/67861832.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

in #the • 5 years ago

A Canadian cryptocurrency exchange said it could not repay at least $250 million to clients after its chief executive died suddenly while visiting India. The company, QuadrigaCX, said in court filings that the CEO, Gerald Cotten, was the only person who knew the security keys and passwords needed to access the funds.

The Supreme Court of Nova Scotia on Tuesday approved the company’s request for protection against creditors for 30 days and the appointment of accounting firm Ernst & Y ..

In an affidavit, his widow, Jennifer Robertson, wrote that her husband had run the business from an encrypted laptop, working mostly out of their home in Fall River, Nova Scotia. Robertson did not know the password or recovery key and could not find them written down anywhere “despite repeated and diligent searches

Read more at:
//economictimes.indiatimes.com/articleshow/67861832.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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