RATE Group | Executive dies, taking investor cryptocurrency with him. Now they want the body exhumed
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Executive dies, taking investor cryptocurrency with him. Now they want the body exhumed

Executive dies, taking investor cryptocurrency with him. Now they want the body exhumed

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SEC pauses Telegram’s $1.7b cryptocurrency play
The Securities and Exchange Commission has taken emergency action to halt the digital token offering that has already raised $1.7 billion.

The former Quadriga CX CEO Gerald Cotten died suddenly this year, taking the keys required to access cryptocurrency funds belonging to investors with him. 

Now, these same traders, devoid of millions in investment, have requested that the body of the firm’s former CEO be exhumed to confirm his death.

The story of Cotten’s passing exploded in February when it emerged the former executive was the only one in possession of the passwords required to access Quadriga CX cold wallets, containing roughly $250 million in cryptocurrency. 

Once the owner passed away in India due to reported complications with Crohn’s disease, the assets were deemed lost, leading to…

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