Crypto CEO Dies Holding Only Passwords That Can Unlock Millions in Customer Coins
- Without digital keys, clients lose access to coins, funds
- Board said last week that it was seeking creditor protection
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Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution -- just the latest cautionary tale in the unregulated world of cryptocurrencies.
The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, according to court documents filed Jan. 31 in Halifax, Nova Scotia. Nor can Vancouver-based Quadriga CX pay the C$70 million in cash they’re owed.