Edit - This is a conspiracy theory but it doesn’t mean it’s totally crazy - there is a good chance this “dead” CEO is still alive.

Very shortly before his death he got his affairs in order and flew to India. Then it’s reported he died along with a death certificate from India. Now they can’t find $200mil in crypto and are not reporting the cold storage addresses.

Would not surprise me if there has been massive fraud here, whether the CEO is alive or not. Everything is too convenient.

If you want to read posts from many sad and pissed off people, their subreddit is full of them https://www.reddit.com/r/QuadrigaCX

Great I just moved 50 dollars over and was going to use it yesterday but decided to wait. Cryto is like a game of hot potato where the most important thing is not to be the last holding the potato when the music stops. It's been slowly going down over the last year as people give up on an upswing and checkout at a lower price.

Using bitcoin as currency always made the most sense over a store of value. The exchanges have all of the properties of a 1910 bank just waiting to get robbed while the bank manager has already taken the loot from the vault.

Full text: https://outline.com/nVDP65

The amazing thing is that BTC is still 3.5k after the countless money heist that happened. Actually I really thought that it was dead after Mt. gox. I guess that it’s Darwin at work here.

Crypto is a scam and the only reason anyone should partake in it is to either test your gullibility, or scam others.

Anything that 4chan's /biz/ board promotes aggressively is a scam 9/10 times

This illustrates why, through extensive experience and interaction with "blockchain" folks, I want nothing to do with the entire crypto industry. It attracts the very worst of the worst. I'm sure there are plenty of honest companies trying their best to legitimize this stuff. But the vast, vast majority of it is just outright plundering and fraud by the most vile people on earth.

The company, which presumably has more employees than this one dude, never considered the fact that he was the only person who held the keys? C’mon.

I’m smart enough to have given a friend my 1Password emergency recovery kit and, I tell you now, that ain’t worth $200m.

Color me surprised... surely not another crypto heist.

This is going to keep happening, over and over again. Put your money in this stuff at your own peril.

Lotsa things don't add up and are just too convenient--based on paper articles. But, unless he gambled /lost them, faking his own death probably not going to ensure that he enjoys the loot. But then, not all think it to every detail.

I would have faked a hack and announce that 8% of coins were stolen or whatever. $15 million, means that at least he could have gotten half of it in cash (assuming a laundering discount) and a lot more if the price rises. Retire in a foreign country and be quiet.

Yet another aspect of crypto's long term ignored consequences come to light. i haven't seen ANY possible solution for transfer of crypto after original owner's death. even ethereum doesn't have this simple ability inbuilt(which you'd think would be obvious).

this basic question gets downvoted on any forum you'd think of - husband/wife has large amount of money in crypto, they die due to unforeseen circumstances(or even foreseen circumstances but it's a quick degradation of mental facilities). who does the spouse approach for the crypto? they have proof of death so why don't they get the money? poof, value gone - have fun now you're a destitute relative coz you can't figure out passwords(most grieving relatives can't)!

this is why no one trusts crypto,these simple things aren't a fundamental part of the platform. you get people telling you these convoluted solutions(that may or may not work). the fraud potential is sky high. is crypto only meant as a transient toy?

>Operators of other Canadian cryptocurrency exchanges called it highly unusual for a single executive to be the only one with access to the company’s funds.

It's almost like they never heard of Mt.Gox and MagicalTux.

Greed to make money without honest work led many along wicket paths. Stupids will be slaugtered every now and then.

We have to learn when to participate & when not to. Learn to identify ponzi shcemes, coz they're here to stay.

Analogous, stock-market & trading; bigger companies/fish will always reap better than individual participants.

The 2017 FOMOers need a couple more of these

Everyone wanting to pretend to be Wolf of Wall Street and brag about not understanding technology but making a ton of money trading it? This is easily avoidable by all parties and their ignorance is catching up to them

> The largest individual user account balance is valued at $70-million.

If you don't own your keys, you don't own your crypto.

It's "$190M" in crypto currency, but I wonder how many dollars he's escaping with.

Not sketchy at all.

Paywall but can read article if you stop the page from loading before the modal pops up

[dead]

This is one of those rare occasions hiring goons to off the guy would be the moral thing to do.

I can't read the article, it is behind a paywall.