Digital exchange loses $137 million as founder takes passwords to the grave

A cryptocurrency exchange in Canada has lost control of at least $137 million of its customers’ assets following the sudden death of its founder, who was the only person known to have access the the offline wallet that stored the digital coins. British Columbia-based QuadrigaCX is unable to access most or all of another $53 million because it’s tied up in disputes with third parties. The dramatic misstep was reported in a sworn affidavit that was obtained by CoinDesk.
Read more: https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/?source=Snapzu