Crypto exchange customers can’t access $190 million after CEO dies with sole password

[hegemony]

https://www.marketwatch.com/story/crypto-exchange-customers-cant-access-190-million-after-ceo-dies-with-sole-password-2019-02-04

 

talk about terrible business continuity planning....

[cv91915]

[Kat58]

 

[IndyPoolPlayer]

So you really *CAN* take it with you?

[Burgerwars]

Guessing a bitcoin private key is basically impossible. Something like one in how many atoms are in the universe. Guessing a password to the encrypted laptop is a piece of cake in comparison. My guess is P@ssword. What's yours?

Edited February 8, 2019 by Burgerwars

[cv91915]

My password is C@m3Lt0e

 

 

[IndyPoolPlayer]

2 hours ago, cv91915 said:

My password is C@m3Lt0e

[hegemony]

I wonder if they are still guessing at the password?

[oldblue]

21 minutes ago, hegemony said:

I wonder if they are still guessing at the password?

Last I heard they were pretty sure the money is gone and the dude may have faked his death.

[hegemony]

42 minutes ago, oldblue said:

Last I heard they were pretty sure the money is gone and the dude may have faked his death.

sounds like the plot of a good novel!

 

[centex]

2 hours ago, oldblue said:

Last I heard they were pretty sure the money is gone and the dude may have faked his death.

Wouldn't be the first time...certainly there have been some nice aircraft abandoned over open waters when the pilot set the auto-pilot and bailed.

[hegemony]

Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes

 

imagine the supply/demand curve if all "coins" were in circulation...

 

Quote

Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets

 

[hegemony]

On 2/4/2019 at 7:16 PM, hegemony said:

https://www.marketwatch.com/story/crypto-exchange-customers-cant-access-190-million-after-ceo-dies-with-sole-password-2019-02-04

 

talk about terrible business continuity planning....

follow-up on this story...Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx  (Ponzi)

 

 

 

 

QuadrigaCX trustee only has $30M to pay $171M worth of claims

Edited January 13 by hegemony