Dead CEO with $145 mn worth passwords left a will in wife's name - News Summed Up

Dead CEO with $145 mn worth passwords left a will in wife's name


Canadian entrepreneur Gerald Cotten who died in a hospital in India and left thousands of his investors in a quandary reportedly signed his last will and testament just days before his death.According to a report in newsbtc.com late Wednesday, the beneficiary of Cotten's estate is named in the document as his wife, Jennifer Robertson. "She stands to inherit properties, high-end vehicles, and a pair of pet chihuahuas but claims to have no clue where information relating to Quadriga 's cold-storage solution could be," said the report.Robertson, however, said in the affidavit posted online that the laptop that Cotten used to run the currency exchange is encrypted. "I do not know the password or recovery key. "For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets. "Those affected by the loss of cold storage access have reportedly formed a committee and are seeking the guidance of law firm Bennett Jones LLP and McInnes Cooper with their legal representation," said the newsbtc.com report.


Source: Economic Times February 07, 2019 13:41 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */