Posted on 03/06/2019 12:09:47 PM PST by Red Badger
But the money was already gone........
Millions of dollars were missing when the CEO of a crypto exchange died without sharing the passwords to his accounts. Investigators recently cracked his laptop — only to find the money was gone.
Gerald Cotten, the founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on it. After his death in December, his colleagues said that about $137 million in cryptocurrency belonging to about 115,000 customers was held offline in "cold storage" and inaccessible.
The case has sparked numerous theories, including that Cotten faked his own death and ran off with the cash. A court-appointed auditor, Ernst & Young, was able to crack Cotten's laptop and found that the accounts were emptied in April, eight months before his death, it said in a report last week.
(Excerpt) Read more at markets.businessinsider.com ...
Jerry Riviera strikes again???
LOL, well played.
ROFL!!
He faked his death?
I’m too lazy to see what it was said he died of, if there was an autopsy...etc
Apparently there is no body. :D
I find blockchain very interesting. I am not opposed to it.
Now, having said that, I will opine that there is something to be said for gold — very hard to run away with $137M in gold in your pocket ...
Al Capone’s vault.
I’ll go with gold.
Seems to easy to hack and steal bitcoin.
Unlike Al Capone’s vault, this ‘vault’ was supposed to have something in it!..................
D.B. Cooper would be proud.
Yeah, you can get some really good plastic surgery when ya got 137 million.
” very hard to run away with $137M in gold in your pocket ...”
According to the gold value calculator on the “Only Gold” website, a metric ton is worth $41,385,528 right now.
There’s no single database. The data is distributed across millions of machines. Not easy to steal.
Kelly’s Heroes stole several tons, and apparently drove across Europe with it, then sailed it across the Atlantic, then smuggled it into the country.
Well in truth I don’t know what the hell i’m talking about :)
What about those “brokerages”, because i don’t know what to call them, that were wiped out from theft?
Were people who kept their cryptcurrencies with said “broker” wiped out?
Have patience if my question doesn’t even make sense.
Cause I don’t know if it does :)
Amazing that one German truck moved all that heavy gold.
Boosting the gold I’d one thing but the logistics of getting it back to the US, a bit more challenging.
There you go with the negative waves again...
He died of complications from Crohn’s disease while traveling in India. Supposedly.
If I recall, the body was burned in India...so said in a previous thread.
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