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  1. 02-05-2019, 01:36 PM #1
    5.56NATO
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    For those who have cryptocurrencies

    Cryptocurrency exchange loses $145 million after CEO takes passwords to the grave
    An affidavit filed by QuadrigaCX on January 31 reveals that there are 26,500 bitcoins ($92 million), 11,00 bitcoin cash ($1.3 million), 11,000 bitcoin cash SV ($707,000), 35,000 bitcoin gold ($352,000), 200,000 litecoin ($6.5 million) and 430,000 ether ($46 million) stored on Cotton’s encrypted and inaccessible laptop.

    While the company has hired several security researchers (read: hackers) to attempt to access the laptop, they’ve had very little success so far. The company’s stance has gone from “Quadriga’s inventory of cryptocurrency has become unavailable and some of it may be lost” to “most, if not all” of their customers will suffer damages.
    https://www.techspot.com/news/78557-...ceo-takes.html


    This is an abject lesson in the inherent risks of not just cryptos but of counterparty risk/involvement in general, as in when someone else is holding your money "for" you.
    "And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"
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  2. 02-05-2019, 02:12 PM #2
    N/A
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    I read on another site that the currency that is "lost" is locked up in an "exchange". If you didn't leave your money on the exchange, but moved it to a "wallet", then you didn't lose it.

    Someone pointed out that there was some small activity on the exchange after the guy's death, .......
    No enemy of America would have ever been killed if they didn't show up to be killed. HDR
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  3. 02-05-2019, 02:27 PM #3
    alismith
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  4. 02-05-2019, 03:31 PM #4
    imanaknut
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    Quote Originally Posted by alismith View Post
    If you can't hold it in your hand, you don't really own it.
    My sentiments exactly.
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  5. 02-05-2019, 04:27 PM #5
    5.56NATO
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    Quote Originally Posted by imanaknut View Post
    My sentiments exactly.
    Mine too.
    "And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"
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  6. 02-05-2019, 04:47 PM #6
    Full Otto
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    I guess you can take it with you
    For peace of mind, resign as general manager of the universe
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