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JUST IN: Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk's @nikhileshde ow.ly/DIHw50ktpDR
2/ .@QuadrigaCoinEx's late founder held “sole responsibility for handling the funds and coins,” and the remaining team members have had no luck accessing the exchange’s cold wallets since, his widow wrote in a court filing coindesk.com/quadriga-credi…
3/After the founder's death, “Quadriga’s inventory of crypto has become unavailable and some of it may be lost,” his widow told the court. She has his laptop, but it's encrypted and she does not have its password or recovery key. coindesk.com/quadriga-credi…
4/The @QuadrigaCoinEx court affidavit included a death certificate for the crypto exchange's founder, Gerald Cotten. coindesk.com/quadriga-credi…
UPDATE: @WebBank21, one of @QuadrigaCoinEx's payment processors, told us it "did not confirm the balances mentioned in the affidavit to be correct." The exchange's account at WB21 has been frozen. coindesk.com/quadriga-credi…
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