Cryptocurrencies
Quadriga’s Late Founder Revealed Crypto Storage in Old Podcast
- Gerry Cotten said access keys were kept on paper back in 2014
- Customer accounts remain frozen as company searches for codes
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Quadriga CX founder Gerry Cotten died in December possibly holding the only keys to C$190 million ($143 million) in cryptocurrencies -- but five years ago, he revealed exactly how his digital exchange stored Bitcoin for its clients.
Cotten was interviewed on the “True Bromance Podcast” in February 2014 when he was living in Vancouver, in which the show’s hosts -- actors Sage Brocklebank and Michael Karl Richards, and producer Brett Michael -- were given a primer on cryptocurrencies and an explanation of his new venture. About an hour in to the rambling discussion, Cotten warned of the dangers of losing passwords needed to access Bitcoin.