Canadian cryptocurrency exchange, QuadrigaCX owes its customers a whopping $190 million after unexpectedly CEO dies in India December 2018, the only person with the knowledge of passwords to its “cold storage”, a Coindesk report said.
Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, submitted an affidavit with the Nova Scotia Supreme Court and said that the company owes $190 million in both crypto and fiat money.
Though Cotten has Robertson’s computer, the report said that she doesn’t have the password and though an expert was recruited to go past the encryption, no success has been received so far.
The company has filed for creditor protection because as according to it the funds kept in its “cold storage,” are inaccessible.
In their report Coindesk said, “As of Jan. 31, 2019, there were roughly 115,000 users with balances signed up on the exchange, with $70 million CAD in fiat and $180 million CAD in crypto owed overall, according to the filing.
The exchange holds roughly 26,500 bitcoin ($92.3 million USD), 11,000 bitcoin cash ($1.3 million), 11,000 bitcoin cash SV ($707,000), 35,000 bitcoin gold ($352,000), nearly 200,000 litecoin ($6.5 million) and about 430,000 ether ($46 million), totaling $147 million, according to the affidavit.”