Cryptocurrency Company Loses Access To $180M After CEO Dies

 

Prepare for conspiracy theories…

 

Quadriga, the biggest cryptocurrency company in Canada, is going through a rough patch.

 

 

Quadriga’s CEO, Gerald Cotten, died suddenly last December in India, where he was opening an orphanage.

 

As it turns out, Cotten died without telling anybody the passwords needed to access roughly $180M worth of clients funds.

 

 

Dozens of conspiracy theories have popped up online (mostly from upset users) that the company had lost all of their money and (GASP) that Cotten may not even be dead.

 

He did, after all, file his will 12 day before he passed.

 

Giphy

 

In fact, industry experts are starting to dig into the situation…suggesting the company was using money from their customers to pay out other customers withdrawing money.

 

Giphy

 

More than 115,000 users had money tied up in Quadriga.

 

Image: Conor Molloy via Twitter

Posted in AJ, All Stories, Annoucer Blogs, News Tagged with: , , ,

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