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 Post subject: Re: Bitcoin Blows Up
PostPosted: March 5 14, 3:30 pm 
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Perennial All-Star
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CEO found dead in her apartment in Singapore.

http://www.nbcnews.com/business/busines ... ore-n45101


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 Post subject: Re: Bitcoin Blows Up
PostPosted: March 5 14, 3:40 pm 
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-go birds
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seems like bitcoin is a touch unstable.


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 Post subject: Re: Bitcoin Blows Up
PostPosted: March 5 14, 5:00 pm 
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Mayor of GRB
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A bitcoin bank shuts down because of theft: http://www.reuters.com/article/2014/03/04/us-bitcoin-flexcoin-idUSBREA2329B20140304


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 Post subject: Re: Bitcoin Blows Up
PostPosted: March 6 14, 9:19 am 
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[youtube=http://www.youtube.com/watch?v=reo7WbibxaQ][/youtube]


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 Post subject: Re: Bitcoin Blows Up
PostPosted: March 7 14, 9:14 am 
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99% conan clips
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 Post subject: Re: Bitcoin Blows Up
PostPosted: February 4 19, 9:42 am 
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Crypto Exchange Says It Can't Repay $190 Million to Clients After Founder Dies With Only Password
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Canadian crypto exchange QuadrigaCX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018, Coindesk reported on Friday.

In a sworn affidavit with the Nova Scotia Supreme Court, widow Jennifer Robertson said that QuadrigaCX owes its customers some $190 million in both cryptocurrency and fiat money. QuadrigaCX has filed for creditor protection because it says it cannot access the funds stored in “cold storage,” just the comparatively smaller amount in a “hot wallet” used for transfers.
Quote:
Robertson also said that Cotten held “sole responsibility for handling the funds and coins” and no other members of the team could access the stored funds. QuadrigaCX announced Cotten’s death in mid-January, saying he had died “due to complications with Crohn’s disease on December 9, 2018 while travelling in India, where he was opening an orphanage to provide a home and safe refuge for children in need.”

While Robertson has Cotten’s laptop in her possession, CoinDesk wrote, she says she does not know the password, and a technical expert recruited by the firm has been unable to bypass its encryption. She also says Cotten left behind no business records.
Quote:
A 2017 Wall Street Journal article noted that unlike stock exchanges, which only facilitate transactions, crypto exchanges are uniquely vulnerable because they store cryptocurrencies for their customers. However, typically the threats associated with this practice are hackers and other cybercriminals, rather than lost passwords.


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 Post subject: Re: Bitcoin Blows Up
PostPosted: February 4 19, 10:06 am 
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has a link from 538 to share
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That's incredible. I wonder if it's true or outright theft.


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 Post subject: Re: Bitcoin Blows Up
PostPosted: February 4 19, 10:54 am 
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Mayor of GRB
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They should try 'Eckstein123.' It worked for Chris Correa.


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 Post subject: Re: Bitcoin Blows Up
PostPosted: February 4 19, 11:52 am 
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Michael wrote:
That's incredible. I wonder if it's true or outright theft.



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Some other reporting has suggested it is possible some of the funds in question moved after the case was publicized, and though the evidence was not definitive, it and the strange circumstances of Cotten’s death spurred accusations that his demise was either faked or the pretext for an exit scam by other parties with access to the holdings, according to CCN. However, Robertson included a death certificate in the filings, CoinDesk wrote.


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