Experts cracked laptop of crypto CEO who died with $137m. Money was already gone

[foot fucker]

https://markets.businessinsider.com/currencies/news/crypto-ceo-died-with-passwords-to-137-million-but-the-money-is-gone-2019-3-1028009684

"In April 2018, the remaining bitcoin in the Identified Bitcoin Cold Wallets was transferred out bringing the balances down to nil," the report said.
The investigators said they found other issues too, such as that Quadriga kept "limited books and records" and never reported its financials.

Ernst & Young also said it found 14 user accounts linked to Cotten that traded on Quadriga's exchange and withdrew cryptocurrency to addresses not tied to Quadriga.

[TheSyntaX]

Crypto is just one big sham.

This Is Good For Bitcoin

[elix]

Quadriga kept "limited books and records" and never reported its financials.

Whoever said it was absolutely right, cryptocurrency is synonymous with people collectively rediscovering banking regulations.

[Loli Lover]

Kraken, another crypto exchange, is offering $100,000 for information on where Quadriga's cash has gone.

as if anyone that knows where the 137m is will hand over the information about it for a measly 100k

[StrawberryClock]

Well I mean if you have info on it but not the money itself. Also not being, you know, a criminal.

[SleepyAl]

Not sure if you posted the article or not since I can't see it, but here's a link to one I found:

Experts finally cracked the laptop of the crypto CEO who died wi..

[Trekintash]

Could you imagine trusting $137,000,000 to a single storage device of any type? Any hard drive or SSD can fail at any time.

[Boatplugs]

Like what even was their plan? I know small businesses with better data redundancy.

[Sableye]

You'd think him up and moving to India out of the blue might have been the first suspicious thing

[elix]

More likely that he mismanaged everything so badly his death was a convenient way of avoiding responsibility for not securing Quadriga deposits when they were hacked and all.

[AmfleetII]

Iunno, I remember reading in the last thread on this that he died in India and the evidence was a death certificate with no seals, I work in life insurance and those are 2 of our biggest red flags

[Saxon]

I just see it as another nail in the coffin for libertarianism

[Jaguar]

Libertarianism is something that sounds good on paper, but falls apart the moment you add people into it.

[Vitamine D]

called it lol anyone who ACTUALLY believed he just died with that much money in storage is silly. Obviously he knew he was dying and gave it away a long time ago kek.

[liltourette]

I guess the funds were not safu