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Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password - Crime - UpGhana

UpGhana Forum / Crime / Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password (12 Posts | 690 Views)

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Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by saintbillion(m) : 7:39 am

A man has narraated how he lost his entire life savings after investing all of the money with a cryptocurrency trader who died in 2018.



Tong Zuo recalled when he invested his money into Quadriga CX, and trusted the company's CEO and founder, Gerald William Cotten with the funds since he had password access to all his clients’ accounts.



The total amount of money held in Quadriga’s accounts is an estimated total of $250 million and caused 76,000 investors to lose out on their funds once Cotten passed away.



Zuo said he received most of the money from his parents and invested in cryptocurrency to avoid bank charges when he moved from the United States to Vancouver, Canada.



The now-closed Canadian-based company claims a legal matter with a bank is delaying the distribution of funds.



“I kept asking them: Where’s my money? – October, November, December – during all that time. They kept saying it was the lawsuit. I couldn’t get any sleep. I just prayed. I really prayed it wasn’t a scam. At that time, there was nothing I could do. There was no way of getting my money back. Once I deposited it, it was basically gone,” Zuo added.



Cotten’s wife, Jennifer Robertson, claims he promised to create a mechanism that will give her access to the passwords once he died but she never received them.



Zuo’s story and others has been featured in the Netflix documentary “Trust No One: The Hunt For The Crypto King.”
  

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Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by saintbillion(m) : 7:40 am

Are you high? I must join u Inthe land of death and collect that password

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Jayb(m) : 7:48 am

Hahaha grin

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Dorcmass(m) : 7:53 am

even if die and re-die
i go collect my password

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Trilliondollar(m) : 8:03 am

I dont where to offload my laughgrin grin grin

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Fuckyoubitch(m) : 4:10 pm

Let me laugh in the way it will please God.

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by valkan(m) : 12:02 am

Half a million dollars and you're dying.
Na slap I go use wale you

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Armanbauer(m) : 3:23 am

He should have given out the details before dying.
And moreso, it's possible he has the passwords kept in a file/folder/drive before his demise, only that no one might think of it to be there.

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Armanbauer(m) : 3:24 am

Fuckyoubitch: Let me laugh in the way it will please God.


Please, let's respect GOD here no matter what.
Thanks.
Salute.

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by bmdmix(m) : 8:09 am

Bank n police should b involved

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Aizen(m) : 8:55 am

Nothing can be done, except he wrote the password somewhere. I lost funds too frm a crypto site cgzg.net its a scam site

Re: Man loses his entire '$500,000' savings in cryptocurrency after Trader dies with password by Armanbauer(m) : 10:52 am

Aizen: Nothing can be done, except he wrote the password somewhere. I lost funds too frm a crypto site cgzg.net its a scam site


That had once happened to me too.

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