RATE Group | CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet
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CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

02 Nov CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

Posted at 03:07h in Cryptocurrency News by

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Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets.

On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the “password fiasco” was confirmed by two separate sources familiar with the matter. 

CEO loses access to 33 Bitcoins

The story of the lost password follows reports that financial regulators at the Reserve Bank of Zimbabwe ordered the exchange to shut down its operations for violating regulatory issues. 

Since then, Golix has reportedly ceased all communications with its customers, while a large portion of the exchange’s customers continues to be unsuccessful in retrieving their investments from the exchange.

Kembo himself came forward in a guest post, responding to allegations that his crypto exchange failed to process customers’…

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