Forum

$190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Read that during the Canadian news feed recently...it's pretty crazy for ppl who have plunked money into Quadriga

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

did they try "qwerty" already?

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Seems like he ⊗⊗⊗⊗d his death. Was reported dead after bank saw irregularities and froze his bank account.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

This is probably an exit scam.

I feel sorry for those invested, I guess.

I think one of these two things will happen:

a) the guy is dead and his cold wallet will be compromised by the NSA and the BTC will slowly be put back into circulation over the next year or two (without returning anything to "investors")

b) the guys isn't dead and he'll attempt to access the cold wallet and transfer BTC out after a year or so, when the media coverage has died down. I don't know if that will work since I assume any wallet's he's associated with will be monitored forever.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

The disease he died from has a high recovery chance.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Yeaaahhh.. he died from pooping too much or something like that.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Haha, if you were close to death you wouldnt be world traveling. On Quadriga fb page people are eating the story right up, no questions asked. So stupid lol.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

How the f**k did people invest with someone who could skip town and take their money with him?!! This is mind-boggling.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Saw an opportunity and took it :noidea:

In a couple years he'll be set for life!

All associated prob got promised a cut.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

It's just a risk you take if you have any dealings at all with BTC.

Even if you're buying your BTC through Coinbase or one of the other "big exchanges" this could happen. Some of these companies have good intentions in the beginning then get blinded by greed once there's a few hundred million worth of BTC under management. BTC is so easy to steal, they can't help themselves. Some other companies (like this one, apparently) are setup by conmen from the beginning with the sole intention of stealing a lot of BTC some day in the future, lol.

This is why HODL'ing is dangerous.

Anyway, after reading some of the things their victims are saying on Reddit, I don't have any doubt this is just some exit scamming fag.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Good for buying stuff int'l you dont want tracked cuz cant use prepaid CC afaik. Why I dont think crypto will make a comeback as a mainstream currency anymore.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

BTC is great for buying stuff.

In fact, it's too good for buying stuff which will probably lead to it being banned.

Until then though I'm loving it. Just don't sit on the stuff lol. :thumb:

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

LOL true that.

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

......do you happen to know the address of the grave?..........:lol:

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Just putting this out there.....

Who wants to invest in my bitcoin investment company?

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

If it's an OTC trading platform, I do.

I wrote all my bitcoins myself so why not? :noidea:

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Venture Capital sinks money all the time into dead projects. They are hoping for the one that goes 100x and dont care about other 9 that fail. This is typical in that space.

He probably got a nice initial investment from VC

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

I find it hard to trust a bitcoin company that has a fat spiderman avatar dancing rolling his stomach.........:coffee:

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

Crazy how much

1. crypto assets people have
2. how much people keep on exchanges

I think MM is on to something :spy:

Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave
 

I wish the same fate for all cryptos in the future. Cryptos are the bullet that will kill the freedom that comes with cash.

#Crypto-Chains-Go-To-Hell