Wednesday, October 23, 2019
ADVT 
National

Bitcoin Exchange President's Death In Canada Puts Millions Out Of Reach

Darpan News Desk The Canadian Press, 06 Feb, 2019
  • Bitcoin Exchange President's Death In Canada Puts Millions Out Of Reach

HALIFAX — Experts in the cryptocurrency industry say there's a slim chance technicians will be able to recover the $180 million in digital assets believed to be in the laptop of the late founder of the insolvent QuadrigaCX exchange platform.


Alfred Lehar, a finance professor at the University of Calgary, says access to Gerald Cotten's computer is probably protected by some form of digital security — but Lehar says those barriers could be overcome with the right tools.


However, Lehar says the big question is whether Cotten's laptop contains the private digital keys needed to unlock the highly secure offline locations where the cryptocurrency is being stored — known as cold wallets.


Cotten, a Nova Scotia resident and CEO of QuadrigaCX, was travelling in India on Dec. 9 when he died suddenly.


His widow, Jennifer Robertson, has said Cotten was the only person with access to the laptop and the private keys.


Manie Eagar, CEO of Vancouver-based DigitalFutures, says if the private keys aren't in the laptop, it will be impossible to recover the funds because the encryption used is beyond what can be hacked with existing computers.

 

MORE National ARTICLES

Depression Clouded Judgment Of Man Accused Of Killing Ailing Wife: Psychiatrist

Depression Clouded Judgment Of Man Accused Of Killing Ailing Wife: Psychiatrist

But Michel Cadotte, 57, was not psychotic and knew right from wrong, psychiatrist Louis Morissette testified on behalf of the defence.

Depression Clouded Judgment Of Man Accused Of Killing Ailing Wife: Psychiatrist

Cop Who Arrested McArthur In 2016 Accused Of Breaching Police Policy: Lawyer

Cop Who Arrested McArthur In 2016 Accused Of Breaching Police Policy: Lawyer

Lawrence Gridin says it's also alleged Gauthier failed to take photos of the man's injuries within 72 hours

Cop Who Arrested McArthur In 2016 Accused Of Breaching Police Policy: Lawyer

Impact Of Ice Sheet Retreat On Canadian Weather Being Underestimated: Study

Impact Of Ice Sheet Retreat On Canadian Weather Being Underestimated: Study

Newly published research suggests the accelerating disappearance of ice caps in Greenland and Antarctica will have a major and underestimated effect on extreme weather in Canada.

Impact Of Ice Sheet Retreat On Canadian Weather Being Underestimated: Study

Smoke From Wildfire Is Like A 'Chemical Soup,' Says Fire Researcher

Smoke From Wildfire Is Like A 'Chemical Soup,' Says Fire Researcher

Inhaling smoke from a wildfire can be equal to smoking a couple of packs of cigarettes a day depending on its thickness, says a researcher studying wildfires in Western Canada.

 

Smoke From Wildfire Is Like A 'Chemical Soup,' Says Fire Researcher

New Video Shows Late Activist Pleading For Change To Assisted Dying Rules

New Video Shows Late Activist Pleading For Change To Assisted Dying Rules

Audrey Parker died with medical assistance on Nov. 1, two years after she had been diagnosed with terminal breast cancer.

New Video Shows Late Activist Pleading For Change To Assisted Dying Rules

Federal Bill Would Make Sept. 30 Holiday For Indigenous Reconciliation

Federal Bill Would Make Sept. 30 Holiday For Indigenous Reconciliation

OTTAWA — Sept. 30 might become a new statutory holiday commemorating victims of residential schools.

Federal Bill Would Make Sept. 30 Holiday For Indigenous Reconciliation

PrevNext