$145 million funds frozen after death of cryptocurrency exchange admin | WHAT REALLY HAPPENED


$145 million funds frozen after death of cryptocurrency exchange admin

Roughly $145 million worth of cryptocurrency funds are frozen in the cold (offline) wallet of a Canadian cryptocurrency exchange portal after the death of its owner.

QuadrigaCX, the exchange, has filed for legal protection against its creditors in accordance with Canadian law until it regains access to the funds, according to a message posted on its website.

Problems for the exchange started in December 2018, when its CEO, Gerry Cotten, died of Crohn's disease in Jaipur, India.

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