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Cryptocurrency Exchange Says It Can't Access $190 Million After CEO Unexpectedly Died
www.npr.org ^
| February 4, 20193:46 PM ET
| Bill Chappell
Posted on 02/05/2019 7:01:35 AM PST by Red Badger
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Just offer hackers a 10% reward for getting it, it will be opened soon.................
To: Red Badger
The company says that it has "very significant cryptocurrency reserves" — but that it can't locate or secure those reserves. Ummmmmmmmmmmmm ... okay.
2
posted on
02/05/2019 7:03:43 AM PST
by
ClearCase_guy
(If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
To: ClearCase_guy
They are in a safe place..................
3
posted on
02/05/2019 7:04:44 AM PST
by
Red Badger
(We are headed for a Civil War. It won't be nice like the last one....................)
To: Red Badger
On the good side, the Canadian government can’t get its hands on any of the money via “death taxes.”
4
posted on
02/05/2019 7:05:54 AM PST
by
GreyFriar
(Spearhead - 3rd Armored Division 75-78 & 83-87)
To: KC_Lion
5
posted on
02/05/2019 7:07:38 AM PST
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: GreyFriar
It’s corporate and customer money, not entirely his................
6
posted on
02/05/2019 7:07:42 AM PST
by
Red Badger
(We are headed for a Civil War. It won't be nice like the last one....................)
To: ShadowAce; SunkenCiv; Responsibility2nd
7
posted on
02/05/2019 7:08:38 AM PST
by
Red Badger
(We are headed for a Civil War. It won't be nice like the last one....................)
To: Red Badger
Can’t they just access the assets backing that currency? Oh, wait . . .
8
posted on
02/05/2019 7:14:05 AM PST
by
Stosh
To: Red Badger
9
posted on
02/05/2019 7:14:44 AM PST
by
Slicksadick
(We accept the love we think we deserve.)
To: GreyFriar
To: Slicksadick
NM, eyes are a bit sleepy this morning...
11
posted on
02/05/2019 7:16:05 AM PST
by
Slicksadick
(We accept the love we think we deserve.)
To: rdb3; Calvinist_Dark_Lord; JosephW; Only1choice____Freedom; Ernest_at_the_Beach; martin_fierro; ...
heh. oops.
12
posted on
02/05/2019 7:16:08 AM PST
by
ShadowAce
(Linux - The Ultimate Windows Service Pack)
To: Stosh
Access the assets?
It was advertised as a “fractional reserve” cryptocurrency bank. That’s vapor on vapor!
It’s only fractional if the asset has been loaned out, probably to the one-man owner.
I smell Ponzi and fraud.
13
posted on
02/05/2019 7:17:09 AM PST
by
Pearls Before Swine
( "It's always a party when you're eating the seed corn.")
To: Red Badger
Gerald Cotten, died at age 30 — without sharing the password for his encrypted laptop Have they tried 'password' ?
14
posted on
02/05/2019 7:18:23 AM PST
by
Bitman
To: Red Badger
All those bits and bytes. Lost in the inner webz.
Such a shame.
To: Red Badger
That’s what I do when I forget my bank password ;-)
16
posted on
02/05/2019 7:23:00 AM PST
by
bigbob
(Trust Trump. Trust the Plan.)
To: Responsibility2nd
They’re not ‘lost’, just misplaced...................
17
posted on
02/05/2019 7:24:19 AM PST
by
Red Badger
(We are headed for a Civil War. It won't be nice like the last one....................)
To: Red Badger
The QuadrigaCX cryptocurrency exchange says it can't access some $190 million in bitcoin and other funds after its founder and CEO, Gerald Cotten, died at age 30 — without sharing the password for his encrypted laptop.Cotten was "the sole officer and director" of the Canadian cryptocurrency exchange when he died, said his widow, Jennifer Robertson, in an affidavit that is part of the company's request for court assistance as it seeks protection from its creditors.
Heh. Oh, the widow knows all right. She knows that password and exactly how to access that 190 Million. But she is sitting pretty - avoiding the creditors until the statue of limitations expires and they cannot claim on the estate.
To: Red Badger
To: Pearls Before Swine
(vapor) squared - I love it! The only thing more appropriate would have been if their system had been denominated in tulip-equivalents.
20
posted on
02/05/2019 7:26:40 AM PST
by
Stosh
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