📍 Canada, 2018.

The largest exchange in the country — QuadrigaCX — is operating at full capacity. It has 115,000 clients and hundreds of millions of dollars in assets. But in December 2018, a shock occurs:

👉 Founder Gerald Cotten suddenly dies in India from Crohn's disease.

👉 He was the only one who knew the passwords to the cold wallets.

🚫 Result: $250+ million disappeared along with him.

The wallets turned out to be inaccessible.

🕵️‍♂️ It later turned out that Cotten used clients' funds for trading on third-party exchanges and kept double books.

📢 Many still do not believe in his death:

The body was cremated in India, the documents are murky. Some are convinced he faked his death and disappeared with the money...

$WCT

#BinanceAlphaAlert #QuadrigaCX #NotYourKeysNotYourCrypto #dyor #MarketRebound