And we are to believe that no one at Quadriga thought it was a bad idea to have the entire cold storage depending on one man's memory? I mean, most people on here will tell you that's a stupid idea. I find it hard to believe no one at a multi-million dollar company thought this was a bad idea.
That's what you get when amateurs who never dealt with large amounts of funds suddenly run a multi million dollar business. It's too tempting for certain people to take a run with people's funds.
This is exactly why I believe that large scale traders and institutions don't want to deal with crypto currency exchanges, but rather wait for other institutions to set up trading desks, and I can't even blame them.
Every year we're seeing how multiple exchanges go down and the operators take a run with people's funds, or that the operators claim to have suffered from a hack, while it was an insider job....