When cold storage goes bad...137 million dollars bad

Published: Feb. 5, 2019, 6:18 p.m.

b'Imagine you lose 137 million dollars because you forgot or lose your passwords for your offline wallet. Well a cryptocurrency exchange in Canada has lost control of at least $137 million of its customers\\u2019 assets following the sudden death of its founder, who was the only person known to have access to the offline wallet that stored the digital coins. British Columbia-based QuadrigaCX is unable to access most or all of another $53 million because it\\u2019s tied up in disputes with third parties. https://arstechnica.com/information-technology/2019/02/digital-exchange-loses-137-million-as-founder-takes-passwords-to-the-grave/ Check out our sponsors as well Squarespace.com/listen put in coupon code LISTEN and get 10% off on your next purchase. \\nhttps://coinseed.app.link/cryptocentz\\nPlease click, suscribe and review us on itunes, google play music, iheart radio and now youtube at https://www.youtube.com/channel/UCnWo--PtvI5-WRfxYjhLTLg\\n\\nEncrypted Apparel as one of our show sponsors. Encrypted Apparel is an amazing fashionable line of shirts that are inspired by cryptocurrency. \\n\\nUse the link wearencrypted.com and the coupon code CRYPTOCENTZ to receive 10% off your purchase.\\nTo purchase the book, please go over to the links below.\\n\\nCheck out B is for Bitcoin Book that is changing the game on the education of crypto for kids and adults\\nAmazon.com:\\nhttps://www.amazon.com/B-Bitcoin-Graeme-Moore/dp/1999411102\\n\\n--- \\n\\nSend in a voice message: https://podcasters.spotify.com/pod/show/cryptocentzpodcast/message\\nSupport this podcast: https://podcasters.spotify.com/pod/show/cryptocentzpodcast/support'