"QuadrigaCX: Cryptocurrency Exchange Collapse"
In 2018, QuadrigaCX, Canada's largest crypto exchange, faced a crisis when CEO Gerald Cotten died unexpectedly 😞, taking with him passwords to cold wallets containing $190 million CAD 💸. Customers lost access to funds amid allegations of mismanagement and speculation about an exit scam, highlighting risks in trusting centralized exchanges and the importance of secure custodial practices 🔐.
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