Crypto history
QuadrigaCX and the missing custody record
QuadrigaCX entered creditor protection after founder Gerald Cotten died and customer assets could not be reconciled.
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People & projects
In this article
Overview
QuadrigaCX entered creditor protection after founder Gerald Cotten died and customer assets could not be reconciled.
Why it matters
Founder claims, exchange balances and provable reserves were never equivalent.
What to check
Custody records, liabilities and recovery procedures must survive the loss of any 1 person.