In Canada, the clients of one of exchanges – QuadrigaCX – lost their funds after sudden death of 30-years-old company’s owner Gerald Cotten.
The company had about $250 million of clients’ assets stored in a so-called cold wallet. Only Cotten new the password. The businessman died in India where he was setting up a shelter.
The businessman’s successors have 30 days to find money. About 115 000 clients lost access to money, the biggest case value is $70 million, reports CBC.
According to one of experts, the company’s assets were stored in a “cold wallet”, a device that could be connected to a computer. It is impossible to access it without a password. The money stored on it might be lost forever. | 
