Quote from: PJAlina on February 09, 2019, 05:23:43 AM

Quote from: NavI_027 on February 09, 2019, 05:08:33 AM

Quote from: PJAlina on February 09, 2019, 03:37:16 AM

Mga kabayan, nabalitaan niyo ba ung sa canada, clients ng QuadrigaCX(canadas largest cryptocurrency exchange) are panicking over $250 million dollars in frozen assets after the death of the companys CEO, Gerald Cotten. Lahat ng accounts nila nafrozen. Malaki daw chance na hindi na mabawi and money nila. Sabi nung iba baka daw exit scam un. Try niyo isearch si gerald cotten. He is just 30 years old. Hopefully unionbank will be good in this kind of industry.

You post caught my attention so I decided to make a small research for this issue.

I found out that Cotten died in India and there's a death certificate issued by Indian government so there is no chance that it is an exit scam because they have a clear and strong evidence. Hmm, I guess the reason regarding the frozen asstes which which came up to this controversy is this,

Quote

Then came last weeks revelation that QuadrigaCX owes more than $100 million worth of cryptocurrency to its customers but is unable to repay because Cotten had sole control of the private keys connected to those funds. Robertson said in court filings that while she is in possession of Cottens laptop, it is encrypted and is currently inaccessible.

How unfortunate for QuadrigaCX customers Sad

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Thanks sir for the info. But its kinda sketch, how come only cotten can control of the private keys?Wala ba siyang kahit isang kasama sa company niya na nasabihann man lang para if ever may mangyari sakanya kahit papano may nakakaalam.. very sad for quadrigaCX customers.

Many speculated that it's an exit scam in the making when Cotton was still alive. It just so happens he died and thereby creating the perfect excuse that he alone knows the private keys. But blockchain forensics show that Quadriga has no funds in its supposed cold storgae wallets. In other words, no evidence of locked funds.