gizmodo.com · Saved February 4, 2019

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

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

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. 💸

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