Crypto exchange mistakenly sends 103 bitcoin to wallet it’s locked out of
When it comes to cryptocurrency, things can always get worse.
Earlier this month, news broke that QuadrigaCX, a Canadian cryptocurrency exchange, lost access to $190 million worth of customer crypto after the founder died — taking sole knowledge of the account passwords to the grave.
Now, it looks like it screwed up again. According to a preliminary report filed by Ernst and Young, which is acting as a court-appointed monitor for the company, QuadrigaCX sent a so-called cold storage wallet 103 bitcoin (worth more than $460,000)afterit had been locked out.
SEE ALSO: He had sole access to $190 million worth of customers’ crypto. Then he died.
Essentially, because founder Gerald Cotten died, no one — not QuadrigaCX and not its customers — can retrieve the majority of the crypto held by the exchange. It looks to be lost forever.
This news, it should be noted, became public following a Jan. 31
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