$190M missing after crypto exchange Quadriga CEO dies

Post by cma » Sat, Feb 02, 2019, 6:10 AM UTC

dannyw wrote: post #16

kkarakk wrote: post #13

Yet another aspect of crypto's long term ignored consequences come to light. i haven't seen ANY possible solution for transfer of crypto after original owner's death. even ethereum doesn't have this simple ability inbuilt(which you'd think would be obvious). this basic question gets downvoted on any forum you'd think of - husband/wife has large amount of money in crypto, they die due to unforeseen circumstances(or ev…

This capacity exists, it’s called a dead mans switch. There are many ETH smart contracts which do this.

Post by closeparen » Sat, Feb 02, 2019, 6:14 AM UTC

kkarakk wrote: post #13

Yet another aspect of crypto's long term ignored consequences come to light. i haven't seen ANY possible solution for transfer of crypto after original owner's death. even ethereum doesn't have this simple ability inbuilt(which you'd think would be obvious). this basic question gets downvoted on any forum you'd think of - husband/wife has large amount of money in crypto, they die due to unforeseen circumstances(or ev…

Post by techslave » Sat, Feb 02, 2019, 6:18 AM UTC

sidyapa wrote: post #11

seibelj wrote: post #3

Edit - This is a conspiracy theory but it doesn’t mean it’s totally crazy - there is a good chance this “dead” CEO is still alive. Very shortly before his death he got his affairs in order and flew to India. Then it’s reported he died along with a death certificate from India. Now they can’t find $200mil in crypto and are not reporting the cold storage addresses. Would not surprise me if there has been massive fraud…

I am from India and trust me, finding a public toilet is more difficult than faking a death certificate

Post by erikpukinskis » Sat, Feb 02, 2019, 6:25 AM UTC

cma wrote: post #31

dannyw wrote: post #16

Earlier quoted context omitted.

This capacity exists, it’s called a dead mans switch. There are many ETH smart contracts which do this.

A small typo can throw all the money in the trash, while a typo in a real contract can be fixed by a court based on other evidence.

Post by n_t » Sat, Feb 02, 2019, 6:28 AM UTC

covercash wrote: post #26

whoisjuan wrote: post #7

Earlier quoted context omitted.

Also, to feed the conspiracy theory that this is a fraud: They are claiming he died from Chron’s disease which is highly unlikely. It seems like a plausible deniability move. He probably has Chron’s disease and that can be easily proven through his medical history. Also is easier to tie that, to a story in which he couldn’t get the right treatment for his Chron’s disease complications abroad.

Dying from complications related to Crohn’s is not out of the question, especially in places that don’t always have the best health care.