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FAST FIVE: Quadriga Mystery Deepens After Auditors Find Bankrupt Exchange’s ‘Cold Storage’ Wallets Were Drained

When Quadriga Fintech Solutions Corp. founder Gerald Cotten died, account holders feared the encrypted access keys needed to recover C$190 million ($143 million) of cryptocurrencies held by the exchange in offline storage could be lost forever. Though it’s worth noting that the evidence for his death – as far as the Canadian courts are concerned – exists solely in signed affidavits attesting that he died in Jaipur, India in December. Quadriga was primarily run by Cotten, using his laptop, and his widow has described his normal procedures for transactions as moving “the majority of the coins to cold storage […]

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