The post says QuadrigaCX, once Canada’s largest crypto exchange, lost access to customer funds because founder Gerald Cotten allegedly controlled the private keys (secret access codes) alone.
A social media post states that Gerald Cotten, founder of QuadrigaCX, died while allegedly being the only person with control of the exchange’s private keys (secret access codes), after which about $190 million in cryptocurrency became inaccessible. The post describes QuadrigaCX as once Canada’s largest exchange and says unresolved questions remain around the loss of funds. In crypto markets, sole control over wallet credentials is a major operational risk because access to assets can be permanently lost if key management is not shared, documented, or secured through formal custody procedures.