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  #1  
Old 02-05-2019
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Default $190M in limbo - Cryptocurrency exchange founder takes password to Grave

https://www.latimes.com/business/la-...-v_xDEmmu8YFzc
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Old 02-05-2019
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Default 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
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Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

did they try "qwerty" already?
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Old 02-05-2019
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Default 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.
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Old 02-05-2019
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Default 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.
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Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

The disease he died from has a high recovery chance.
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Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

Yeaaahhh.. he died from pooping too much or something like that.
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Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

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Old 02-05-2019
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Default 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.
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Old 02-05-2019
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Default 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.
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Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

Saw an opportunity and took it

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

All associated prob got promised a cut.
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Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

Quote:
Originally Posted by walkingupwards View Post
How the f**k did people invest with someone who could skip town and take their money with him?!! This is mind-boggling.
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.
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Old 02-05-2019
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Default 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.
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Old 02-05-2019
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Default 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.
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Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

LOL true that.
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  #16  
Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave


......do you happen to know the address of the grave?..........
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  #17  
Old 02-05-2019
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Default 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?
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  #18  
Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

Quote:
Originally Posted by MM78 View Post
Who wants to invest in my bitcoin investment company?
If it's an OTC trading platform, I do.

I wrote all my bitcoins myself so why not?
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Old 02-05-2019
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Default 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
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  #20  
Old 02-05-2019
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Default Re: $190M in limbo - Cryptocurrency exchange founder takes password to Grave

Quote:
Originally Posted by MM78 View Post
Just putting this out there.....

Who wants to invest in my bitcoin investment company?
I find it hard to trust a bitcoin company that has a fat spiderman avatar dancing rolling his stomach.........
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  #21  
Old 02-05-2019
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Default 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
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  #22  
Old 02-06-2019
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Default 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
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