Canada’s biggest cryptocurrency exchange CEO and co-founder, died of complications.


AND ALMOST IMPOSSIBLE TO GET HOLD OF. 145 MILLION WORTH OF CRYPTO CURRENCY LOCKED UP AND NO ONE IT GET TO THEM. THEY’RE FROZING IN THE ACCOUNTS OF A CANADIAN DIGITAL PLATFORM. THE PLATFORM’S HEAD, THE FOUNDER, DIED SUDDENLY. PAULA NEWTON IS THERE. THIS IS, THIS IS A VERY EXPENSIVE TAKE ON FORGETTING YOUR PASSWORD OR DYING WITHOUT LETTING SOMEBODY ELSE KNOW YOUR PASSWORD.>>BUT CRUCIAL HERE, RICHARD, THIS WAS A GUY, JUST A GUY AND HIS LAPTOP, REMEMBER THAT WE NOW FIND OUT FROM CORE AFFIDAVITS, HIS WIFE, HIS WIDOW THIS MAN DIED AT THE AGE OF 30, SUDDENLY IN INDIA. HIS WIDOW NOW SWEARING IN AN AFFIDAVIT THAT LOOK, HE BASICALLY RAN THIS BUSINESS OUT OF FALL RIVER, NOVA SCOTIA. ONE OF THE LARGEST CRYPTO CURRENCY EXCHANGE IN CANADA. RAN IT OUT BASICALLY OF HIS HOUSE. IT WAS, THE BUSINESS IS WHERE HIS HOUSE WAS OR WHERE HIS LAPTOP WAS. AND IN HER WORDS WITH THE AFFIDAVIT, I DO NOT KNOW THE PASSWORD OR THE RECOVERY KEY. THEY’VE HAD EXPERTS ON THIS SHE’S BEEN WORKING ON THIS IN THE MEANTIME, $145 MILLION AT STAKE, MORE THAN 100,000 USERS TRYING TO GET THEIR MONEY. THIS IS THE DIFFERENCE BETWEEN HOT WALLETS AND COLD WALLETS, SO FAR NO ACCUSATION THAT ANYONE HAS DONE ANYTHING ILLEGAL. BUT THE ISSUE IS THAT HE KEPT EVERYTHING OFFLINE IN COLD WALLETS, SO THAT THE THE HACKERS COULDN’T GET TO IT NOW NO ONE SEEMS TO BE ABLE TO GET TO THIS CRYPTO CURRENCY. THEY’RE IN COURT IN NOVA SCOTIA AS WE SPEAK TRYING TO KEEP THEIR CREDITORS AT BAY TO GIVE EVERYONE A LITTLE MORE TIME TO SEE IF THEY CAN OPEN THIS TREASURE TROVE OF CRYPTO CURRENCY THAT IS OWED TO THESE PEOPLE. IT IS QUITE A TALE ON WHERE REGULATION STARTS AND FINISHES. IN THIS CASE, VERY LITTLE REGULATION. CAN YOU REPLAY THIS STORY FROM ASIA TO NORTH AMERICA.

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