When it comes to cryptocurrency,The Sex Files A Dark XXX Parody things can always get worse.
Earlier this month, news broke that QuadrigaCX, a Canadian cryptocurrency exchange, lost access to $190 million worth of customer crypto after the founder died — taking sole knowledge of the account passwords to the grave.
Now, it looks like it screwed up again. According to a preliminary report filed by Ernst and Young, which is acting as a court-appointed monitor for the company, QuadrigaCX sent a so-called cold storage wallet 103 bitcoin (worth more than $460,000) afterit had been locked out.
SEE ALSO: He had sole access to $190 million worth of customers' crypto. Then he died.Essentially, because founder Gerald Cotten died, no one — not QuadrigaCX and not its customers — can retrieve the majority of the crypto held by the exchange. It looks to be lost forever.
This news, it should be noted, became public following a Jan. 31 affidavit filed by Cotten's widow Jennifer Robertson and published by Coindesk. And yet, despite knowing the company couldn't access the cold wallets in question, QuadrigaCX still sent them a bunch of bitcoin.
"On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately $468,675 to Quadriga cold wallets which the Company is currently unable to access," reads the report. "The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible."
That's a monumental screw up for a company already reeling from a catastrophic screw up, and a number of the estimated 92,000-plus QuadrigaCX account holders with cash or cryptocurrency balances are taking the exchange to court. Specifically, the Ernst and Young report notes that 427 "affected users" have obtained legal counsel.
Unfortunately for them, at the moment it looks like there isn't much money to claw back. Only $902,743 worth of cryptocurrency was being held in so-called "hot wallets" — wallets the exchange can still access — as of Feb. 5. That was before over half of that was then "inadvertently" lost by the company.
However, there is one small bit of good news. And we do mean small. Ernst and Young intends to transfer the remaining crypto into a cold wallet that it controls. So, at least in theory, QuadrigaCX can't slip up again and lose the rest of the money, too.
But hey, we're sure it'll find another way to mess things up. When it comes to cryptocurrency and disasters, all you have to do is wait.
Topics Bitcoin Cryptocurrency
Previous:Best iPad deal: Save $100 on 13
Star Wars: Galaxy's Edge will sell blue milk...and Space Diet CokeDon't believe the tweets claiming 'The Simpsons' predicted Trump's winDonald Glover's 'Guava Island' reframes his hit song 'This Is America''Game of Thrones' fans are analysing Arya Stark's secret weapon designAll the pilot parallels in the 'Game of Thrones' Season 8 premiereAll the pilot parallels in the 'Game of Thrones' Season 8 premiereLittle girl bravely shared her truth at an antiPeople of America aren't buying that Obama and Trump meetingAriana Grande reunited with *NSYNC during her set at CoachellaBeyoncé's pyramid stage lives on at this year's CoachellaThe 10 weirdest 'Game of Thrones' brand tieDear People Magazine: Please stop pretending the Trump presidency is normalThis Donald Trump waxwork will send shivers down your spineEmma Watson had an awesome response to Trump becoming presidentAnthony Carrigan talks NoHo Hank secrets and 'Barry' Season 2People are burning their sneakers over New Balance's perceived Donald Trump endorsementTwitter secretly verified Jack Dorsey's mom and thousands of others despite 'pause'Edward Snowden warned us about a president like Donald TrumpDC Universe subscription service gets a surprise Xbox One launchFor 'Game of Thrones,' museums teach us all about Dragonglass Elon Musk and the SEC once again work out what he can and can't tweet Watching Hillary Clinton lose made women feel worse about their own careers Indiegogo bans anti Elon Musk is annoying the hell out of people who work with self Cyclone Kenneth is about to pummel Mozambique This 18th century prison design predicted the rise of our surveillance society J.K. Rowling just dropped 'Fantastic Beasts' hints on Twitter Dog devastated to realize bone painted on bowl is not an actual bone Madeleine Albright to millennial voters: Where were you? 'Game of Thrones' fans are paying special tribute to 1 very, very heroic character Tesla to launch Model 3 in the UK within a week New York launches new investigation into Facebook This cheap, folding helmet is exactly what bike 'Avengers: Endgame' finally got romance right for the MCU Why Arya was MVP of the latest 'Game of Thrones' episode Jon Stewart says Trump is 'a reaction' to both Democrats and Republicans Donald Trump slams 'Hamilton' cast for its message to Mike Pence Donald Trump writes misleading tweet, but that's not the scary part Samsung patent reveals wraparound smartphone display concept Netflix canceled 'Santa Clarita Diet' and the fans are so mad
1.8441s , 8205.84375 kb
Copyright © 2025 Powered by 【The Sex Files A Dark XXX Parody】,Miracle Information Network