Topic: Quadriga CEO death, Is it new scam in crypto - page 2. (Read 592 times)
This is truly another exit scam how can he be the only holder of the wallet private keys is there no other team member working with the exchange, I don't have any further information about the case but I can be bold to say that this another exit scam from the crypto exchange CEO.
His friend and partner for one of their projects did an interview for their local news broadcast.
Adam o'brien says he is most likely dead and there were no foul play involved but the customer funds are more then likely non retrievable even if they have the laptop where the private keys are located.
https://globalnews.ca/news/5184346/quadrigacx-friend-cryptocurrency-mystery
He was located in nova scotia but moved to alberta and started a company called bitsolutions according to the news report.
Adam o'brien says he is most likely dead and there were no foul play involved but the customer funds are more then likely non retrievable even if they have the laptop where the private keys are located.
https://globalnews.ca/news/5184346/quadrigacx-friend-cryptocurrency-mystery
He was located in nova scotia but moved to alberta and started a company called bitsolutions according to the news report.
There is a big possibility that it is clearly scam. And the CEO are having a fake death news so he can have lot of money or crypto investment without any liability. This is one of the big disadvantage of not decentralized industry . Imagine if there is an KYC all the people here in crypto even investor or people behind crypto activity we will not have experiene like that.
Thank you for pointing out this and it is good we should used the search engines to find out if the topic we are trying to create has been created before and that will reduce spamming and overload the forum with nor relevant posts or duplicating posts.
Sure there are but both those thread were basically not active any longer because no recent news came out from the last post for each of them since about a month ago march 21st and 29th. So nobody really wants to post anymore on those since this one clearly says the death of the ceo in relation to the exit scam. Which makes it more of a mystery then just another exchange going bankrupt or stealing all the customers funds and running.That's just the hopium talking. Money is stolen. Guy goes to part of India known for fake death certificates. Does his will weeks before his "death" and transferred 15 properties to his wife before he died. And he left 100k to his fucken dogs. Wife is currently transferring properties to a trust in an attempt to separate them from the creditors (the users)
Also upon further chain analyse it looks like there was tremendous efforts to obfuscate the wallet addresses by dispersing funds and parking.
And to top it off CIBC only froze their account because Jose Reyes transfer over a million into his personal account. CIBC froze the account because they sketched out. And They kept contacting the now "dead" ceo. and he kept ignoring them. Making the account stay frozen longer. This happen months before he "died"
I never heard about all of this other stuff happening, that's pretty indicative of some top-tier bullshit. If anything, I'm more impressed that he had so much money behind him, or at least enough for 15 properties, because if I remember correctly Quadriga was based out of Vancouver, or at least had some office there. Their website shows Nova Scotia being involved, though, so I don't know. 15 properties in NS wouldn't be as surprising as 15 in Vancouver.Also upon further chain analyse it looks like there was tremendous efforts to obfuscate the wallet addresses by dispersing funds and parking.
And to top it off CIBC only froze their account because Jose Reyes transfer over a million into his personal account. CIBC froze the account because they sketched out. And They kept contacting the now "dead" ceo. and he kept ignoring them. Making the account stay frozen longer. This happen months before he "died"
Ah well, it was one of the few decent exchanges in Canada while it lasted. Now, I don't know who's actually a decent exchange and I'd rather stay away from localbitcoins, at least as long as I can. Maybe Kraken will be the solution, but I'll have to dive deeper into it to find out. Not surprised this happened, I had a feeling the good times were going on for too long.
After watching a news clip of the owners partner of another project they had before this exchange existed it was said he was from nova scotia as well. But he moved to another place once his company became more successful and to gather more customer recognition after relocating.
I'll have to find this news report and post it here once I do because right after they broadcasted it I did a search but could not find it.
That's just the hopium talking. Money is stolen. Guy goes to part of India known for fake death certificates. Does his will weeks before his "death" and transferred 15 properties to his wife before he died. And he left 100k to his fucken dogs. Wife is currently transferring properties to a trust in an attempt to separate them from the creditors (the users)
Also upon further chain analyse it looks like there was tremendous efforts to obfuscate the wallet addresses by dispersing funds and parking.
And to top it off CIBC only froze their account because Jose Reyes transfer over a million into his personal account. CIBC froze the account because they sketched out. And They kept contacting the now "dead" ceo. and he kept ignoring them. Making the account stay frozen longer. This happen months before he "died"
I never heard about all of this other stuff happening, that's pretty indicative of some top-tier bullshit. If anything, I'm more impressed that he had so much money behind him, or at least enough for 15 properties, because if I remember correctly Quadriga was based out of Vancouver, or at least had some office there. Their website shows Nova Scotia being involved, though, so I don't know. 15 properties in NS wouldn't be as surprising as 15 in Vancouver.Also upon further chain analyse it looks like there was tremendous efforts to obfuscate the wallet addresses by dispersing funds and parking.
And to top it off CIBC only froze their account because Jose Reyes transfer over a million into his personal account. CIBC froze the account because they sketched out. And They kept contacting the now "dead" ceo. and he kept ignoring them. Making the account stay frozen longer. This happen months before he "died"
Ah well, it was one of the few decent exchanges in Canada while it lasted. Now, I don't know who's actually a decent exchange and I'd rather stay away from localbitcoins, at least as long as I can. Maybe Kraken will be the solution, but I'll have to dive deeper into it to find out. Not surprised this happened, I had a feeling the good times were going on for too long.
I wonder if cyber security firms like CipherTrace would be able to trace these sorts of events before they happen... or prove that it was a scam and not just death
This topic has been extensively be dealt with with the topics bellow as i see no reason why such repetitive topics should be raise as new topic again.
https://bitcointalksearch.org/topic/2019-02-06-locked-bitcoins-in-quadrigacx-might-be-another-exit-scam-5106678
Read in full https://beincrypto.com/quadrigacx-saga-human-tragedy-or-yet-another-exit-scam/
https://bitcointalksearch.org/topic/quadrigacx-190-million-locked-after-founder-died-in-december-2018-5106159
Source: https://www.theguardian.com/technology/2019/feb/04/quadrigacx-canada-cryptocurrency-exchange-locked-gerald-cotten
Though, there had been accusations that some of the addresses were still fresh regards to their transactions while in some quarters they said maybe he intend to launch another exchange with the customer KYC in another scene they claimed he's DIED.
This may end up in scam but let wait and see the end of the story.
Thank you for pointing out this and it is good we should used the search engines to find out if the topic we are trying to create has been created before and that will reduce spamming and overload the forum with nor relevant posts or duplicating posts. https://bitcointalksearch.org/topic/2019-02-06-locked-bitcoins-in-quadrigacx-might-be-another-exit-scam-5106678
Read in full https://beincrypto.com/quadrigacx-saga-human-tragedy-or-yet-another-exit-scam/
https://bitcointalksearch.org/topic/quadrigacx-190-million-locked-after-founder-died-in-december-2018-5106159
Source: https://www.theguardian.com/technology/2019/feb/04/quadrigacx-canada-cryptocurrency-exchange-locked-gerald-cotten
Though, there had been accusations that some of the addresses were still fresh regards to their transactions while in some quarters they said maybe he intend to launch another exchange with the customer KYC in another scene they claimed he's DIED.
This may end up in scam but let wait and see the end of the story.
https://www.investinblockchain.com/is-quadriga-ceo-actually-dead-or-140-million-exit-scam/
Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.
Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.
I too feel sorry for what has happened, but the golden rule for investing in cryptos is being the holder of your private keys. If you keep your money in an Exchange, they have your money, not you. This is yet another episode that proves it... Better leave in Exchanges only the money you need for trading.
And now most of these exchange operators that has some shady ideas will start to think about this incident. I also felt sorry for those people that believed and trusted them their money.
I don't believe he's dead.
I don't believe he's dead.
If the news about them sending 100 BTC to the dead CEO's wallet after his death are true this just has to be an exit scam.
A big amount sent to the death owner's wallet? sketchy.Yes, very sketchy. According to the article it happened a week ago. The exchange claimed they don't have access to funds because only the dead CEO had all keys and passwords and they somehow managed to gain access and what did they do with it? They sent money to the dead CEO's address! Why isn't the police there already arresting these fraudsters?
https://www.marketwatch.com/story/embattled-crypto-exchange-accidentally-sent-370000-of-bitcoin-to-dead-owner-2019-02-13
https://www.investinblockchain.com/is-quadriga-ceo-actually-dead-or-140-million-exit-scam/
Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.
Shady activities will kill reputation of exchange and lost wallet password is not case her imho. Maybe fake death is planned and we can say they played very well. People are confused with news about lost crypto but everything will be clear after tracking the wallet addresses after clear research by officials. Once again it proved that you cannot keep your money in exchange. It is another debate whether the CEO is faking death or he had really died.
I am feeling sorry for the people who lost money.
It looks like a pure dram right now! Because at first, they claimed, without any reason, 190 Million USD vanished from the cold wallets! Sorry to say, I don't believe them in the first place! Then now, a rumor spreading that the Quadriga has died! 190 Million USD enough money to spend a whole life!
And, I definitely agree with you that, our money is not safe in any kind of exchange, even Bittrex or Binance are not safe. When Binance CEO tweeted that Exchanges are safer than wallets, I unfollowed him.
And, I definitely agree with you that, our money is not safe in any kind of exchange, even Bittrex or Binance are not safe. When Binance CEO tweeted that Exchanges are safer than wallets, I unfollowed him.
And now most of these exchange operators that has some shady ideas will start to think about this incident. I also felt sorry for those people that believed and trusted them their money.
I don't believe he's dead.
I don't believe he's dead.
If the news about them sending 100 BTC to the dead CEO's wallet after his death are true this just has to be an exit scam.
A big amount sent to the death owner's wallet? sketchy.
If the news about them sending 100 BTC to the dead CEO's wallet after his death are true this just has to be an exit scam. Probably his wife has access to the wallets and sho is draining everything she can put her hands on. The worst part is he will probably get away with it in the end because who is going to be tracking him in India?
There hasnt been much news about it or an update for about a week now. So the heat has come down a bit just like the owner of the site has been waiting to eventually happen.
You could expect more coins from those addresses found by some people to be moving and not just litecoin but the bitcoin and the ethereum moving soon too.
update There seems to be more trouble for the investors of quadtrigacx. Liquid exchange sent alot more bitcoin to the wallet of the dead ceo.
https://www.marketwatch.com/story/embattled-crypto-exchange-accidentally-sent-370000-of-bitcoin-to-dead-owner-2019-02-13
You could expect more coins from those addresses found by some people to be moving and not just litecoin but the bitcoin and the ethereum moving soon too.
update There seems to be more trouble for the investors of quadtrigacx. Liquid exchange sent alot more bitcoin to the wallet of the dead ceo.
https://www.marketwatch.com/story/embattled-crypto-exchange-accidentally-sent-370000-of-bitcoin-to-dead-owner-2019-02-13
Yeah it looks like an exit scam. Now, we all have understood the risk involved in keeping our coins in exchanges. Last year itself we have seen many exit scams like this. Anyway, cryptocurrencies are not supposed to keep in an exchange. If keeping coins in wallet seem to be difficult, Stay away from small and unknown exchanges. I doubt an exchange would leave entire control to a single person. He has probably faked his death.
I definitely looks like a scam with the reports coming out, the owner is dead and that is a fact but the said hundred of millions stored in the cold wallets is not transparent and there are reports that they have send half a million to those cold wallets recently knowing that it cannot be returned. So it is certain that some kind of foul play is going on regarding the exchange, if not who in the right sense will sent hundreds of bitcoin in the cold wallet which is claimed to be operated by the dead owner. In totality the users who deposited their coins are doomed.
It seems to me that this is a fraud and at the same time I feel sorry for those whose money turned out to be hostages. This case once again shows us that you should not trust your funds to anyone. 
and thank you forr oll
and thank you forr oll 
No one's even buying that shit even his death was a mystery, suspicious and why would a million dollar exchange trust only one person to hold the password for the money in a safe storage. That's just idiotic, my speculation is that the CEO run with the money. This is one of the examples to never put all your money on an exchange always put partially in it.
I would not speculate whether this CEO really died or not because that can easily be done by looking at the body. What is amazing here is the fact that there is no other person on this Earth that knows the way to get the funds out and that also nobody knows the way to open the CEO's computer files. Whether this is another planned escape and scam that can something that time can only tell. The big lesson here is that control of the account should not be entrusted to just one person and that all exchanges should be issuing statement about how they are keeping information like this in case those people in charge will surprisingly die.
We really don't know what happened in there. though it's quite suspicious that a man entrusted with hundreds of millions in dollars in cold storage would go to India, write and sign his will 2 weeks prior to his 'supposed' death and died. Though this topic is being recursively posted, it never fails to amaze me how one man pulled this off knowing that his family might be the target of lawsuits should his plans be successful. Anyways, sudden death is one of the most used exit scams people have been using for decades, so it's not surprising that the CEO may have done this, too.
One big turning point is if the funds suddenly move out after, say, a couple of years.
One big turning point is if the funds suddenly move out after, say, a couple of years.
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