Bitcoins are frozen


bitcoins are frozen

It comes after the death of Quadriga's year-old founder Gerald Cotten, who was the only person with the password to access the platform. Quadriga, which allows the trading of Bitcoin, Litecoin and Ethereum, filed for creditor protection in the Nova Scotia Supreme Court last week.

bitcoins are frozen

Gerald Cotten died aged 30 from complications with Crohn's disease while volunteering at an orphanage in India, according to the Facebook page of Quadriga CX, which announced his death on Jan. The platform, which allows the trading of BitcoinLitecoin and Ethereum, filed for creditor protection in the Nova Scotia Supreme Court last week.

bitcoins are frozen

Quadriga hasregistered users and owes a total of million Canadian dollars toaffected users, according to an affidavit filed by Cotten's widow Jennifer Robertson on behalf of the company. Robertson said that she has consulted an expert who has had "limited success in recovering a few coins and some information" from Cotten's other computer and cell phones, but the majority remains untouched on his main computer.

Quadriga's troubles highlight the unique challenges bitcoins are frozen cryptocurrencies, Dean Skurka, vice president of rival platform Bitbuy.

bitcoins are frozen

Robertson said in her affidavit she has received online threats and "slanderous comments", including questions about the nature of Cotten's death, and whether he is really dead.