๐ Died and took $190 million to the grave! ๐ต๏ธโโ๏ธ๐จ๐ฆ
The start: ๐ฆ "Gerald Cotten" was the CEO of Canadaโs largest crypto exchange, QuadrigaCX, which had thousands of investors.
The security obsession: ๐ Gerald was the only person on the planet with the private keys and passwords to all the funds and wallets of the exchange!
The shocking disaster: โ๏ธ๐ In late 2018, he traveled to India and died suddenly and mysteriously due to health complications at the age of 30.
The harsh outcome: ๐ With his death, the keys were buried with him forever! His wife and top tech experts failed to crack his laptop, and the life savings of 115,000 clients worth $190 million became locked in the blockchain forever! (And the story turned into a famous movie on Netflix ๐ฌ).
โ ๏ธ The lesson learned: In the crypto world, excessive security and the lack of a backup plan or inheritance for private keys can wipe out fortunes in an instant! ๐โ
#Binance
#Write2Earn
The start: ๐ฆ "Gerald Cotten" was the CEO of Canadaโs largest crypto exchange, QuadrigaCX, which had thousands of investors.
The security obsession: ๐ Gerald was the only person on the planet with the private keys and passwords to all the funds and wallets of the exchange!
The shocking disaster: โ๏ธ๐ In late 2018, he traveled to India and died suddenly and mysteriously due to health complications at the age of 30.
The harsh outcome: ๐ With his death, the keys were buried with him forever! His wife and top tech experts failed to crack his laptop, and the life savings of 115,000 clients worth $190 million became locked in the blockchain forever! (And the story turned into a famous movie on Netflix ๐ฌ).
โ ๏ธ The lesson learned: In the crypto world, excessive security and the lack of a backup plan or inheritance for private keys can wipe out fortunes in an instant! ๐โ
#Binance
#Write2Earn