Cryptocurrency Exchange Loses $137 Million As Encryption Key is Taken to The Grave

[WYP]

The money was a little too secure in this case...



Read more about QuadrigaCX losing $137 million following their CEO's death.

 

[Emu]

This should never ever happen if you have disaster plans in place. One of the scenarios that a disaster plan should cover how to recover if X (any person in your company) gets hit by a bus. Part of this is that passwords and encryption keys need to be able to be recovered if the "owner" can no longer (or willfully will not) tell you them.

 

[WYP]

Yeah, this is something that should never happen. The guy was an idiot to not have a fallback plan in the event of his death.

 

[grec]

I don't think he really cares at this point to be fair.

 

[Bartacus]

I don't think he really cares at this point to be fair.

LOL! I almost dumped a mouthful of coffee all over my keyboard when I read that.

 

[WYP]

I don't think he really cares at this point to be fair.

Haha, that's a good point. Even so, his colleagues should have made sure something like this never happened.

 

[Dawelio]

I don't think he really cares at this point to be fair.

 

[AlienALX]

Saw this a few days ago. It's nuts. Apparently his family are being spammed with death threats and everything.