Customers of a Canadian cryptocurrency exchange are not able to access $190 million in funds after the founder died with the passwords needed to access it.
Jennifer Robertson, his wife, confirmed that he died while traveling to India to open an orphanage.
Cotten held “sole responsibility for handling the funds and coins,” and no other members of the QuadrigaCX team could access the money, she said in an affidavit on Jan. 31.
The $190 million in cryptocurrency and normal money is in “cold storage,” she said.
Robertson has her husband’s laptop, but she doesn’t know the password. A technical expert they hired hasn’t been able to bypass the encryption, she said.
Robertson said that she and her colleagues have been threatened by online cryptocurrency communities, namely Reddit communities.
The firm’s board of directors also applied for creditor protection.
The statement added: “Unfortunately, these efforts have not been successful.”
Other details about the case are not clear.
QuadrigaCX customers have been criticizing the firm.
Ally Shapoval wrote: “Hello, Quadriga! I withdrew money from my Quadriga account to my bank more than 2 weeks ago. WHERE IS MY MONEY? STILL NOT THERE.”
“I sent you emails, you are not responding,” she said, Sky reported.
Another wrote: “I have sent lots of emails, but I just get automatic responses, I’m not even able to get my crypto out.”
Violent Crime in the US
The number of murders and violent crimes committed in the United States dropped slightly in 2017, according to new crime statistics released in September 2018.“That’s the good news. The bad news is that even while crime is falling, the number of Americans incarcerated remains near-record highs. Now is the time to address the problem.”
The number of cases of manslaughter and murder dropped 0.7 percent in 2017 from the prior year, the report said.
Rapes rose by 3 percent and aggravated assault rose by 1 percent, but overall violent crimes dropped 0.2 percent, the report added.
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