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Netflix is making a documentary about the QuadrigaCX Bitcoin saga
When founder Gerald Cotten died in 2018, hundreds of millions in crypto assets allegedly became inaccessible.
The FBI wants help from victims of QuadrigaCX's cryptocurrency collapse
Remember that wild cryptocurrency story from earlier this year? The one where a Canadian exchange shut down shortly after co-founder and CEO Gerald Cotten died, claiming he was the only one who could access its wallets. Wallets that should've stored assets for 76,000 customers with a value of around $200 million (CAD). If any of that was your digital money then yeah, you probably do remember. Investigations into the company, QuadrigaCX, have suggested it did not have the money to satisfy its deposits, and naturally, law enforcement is sniffing around. Its customers were located around the world, and the FBI is circulating a form for customers to get in touch with it, the IRS, the Washington D.C. AG's office and the DoJ's Computer Crime and Intellectual Property Section.
QuadrigaCX's missing millions is the messiest Bitcoin saga yet
If there's one thing the internet excels at, it's helping people forget the rules of Occam's razor. For many, there are usually no simple explanations for anything, and everything is a signpost to a grand conspiracy to do others harm. In the wake of one man's death, people on the internet have indulged their worst instincts, although what's worse is that this time, they might have a point. QuadrigaCX was one of Canada's largest Bitcoin exchanges, controlling assets believed to be worth around $200 million CAD. Unfortunately, Gerald Cotten, its co-founder and CEO, passed away in December 2018. Cotten was the only one who could access the company funds, leaving it unable to pay its creditors.
