Owner of crypto-exchange faked death, stole $190 million from clients' bank-accounts. [View all]

[DetlefK]

I posted on that a while ago.



Gerald Cotten, the owner of Quadriga, a crypto-exchange platform (which are basically unregulated online-banks for cryptocurrency), died in India and now customers can't access their bank-accounts at Quadriga because he was the only one who had the codes to authorize transactions.

Or so we thought.

White-hat hackers have cracked some parts of the system and it looks like all bank-accounts were emptied 8 months before his "death". The money was transfered to 14 bank-accounts at Quadriga that SOMEONE created outside of the usual bookkeeping process. And those 14 accounts transfered the money elsewhere.

https://www.thedailybeast.com/auditors-say-crypto-wallets-drained-8-months-before-chief-died-with-passwords?ref=home