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Cryptocurrency Firm Losses $145 Million After CEO Dies With Only Password

QuadrigaCX, the largest bitcoin exchange in Canada, has claimed to have lost CAD 190 million (nearly USD 145 million) worth of cryptocurrency after the exchange lost access to its cold (offline) storage wallets.

Reason? Unfortunately, the only person with access to the companys offline wallet, founder of the cryptocurrency exchange, is dead.

Following the sudden death of Gerry Cotten,