# Crypto Exchange Says It Can't Repay $190 Million to Clients After Founder Dies With Only Password

<https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454>

- Host: [gizmodo.com](https://links.thingelstad.xyz/hosts/gizmodo.com/)
- Saved: February 4, 2019 (2019-02-05T05:01:51Z)
- Record: https://links.thingelstad.xyz/links/168b2a0da256/
- JSON: https://links.thingelstad.xyz/links/168b2a0da256.json

## What Jamie wrote

This isn’t the first time that large amounts of cryptocurrency have been lost. 

> Canadian crypto exchange QuadrigaCX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018, Coindesk reported on Friday.

I wonder how much inflation bitcoin has had due to lost currency. 💸

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT92: Weekly Thing #92 / Feb 9, 2019](https://weekly.thingelstad.com/archive/92/), Notable Links 📌

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- Wayback Machine: https://web.archive.org/web/*/https://gizmodo.com/crypto-exchange-says-it-cant-repay-190-million-to-clie-1832309454