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Canada Man Dies Without Sharing Password for $190 Million in Cryptocurrency

Think you have cryptocurrency fever? Customers at a Canadian exchange can’t get their hands on $190 million bitcoin and other forms electronic cash. That’s because the company’s head honcho died unexpectedly without sharing his password. Gerald Cotten, CEO of crypto exchange QuadrigaCX died in December during a trip to India. The 30-year-old passed away due to complications related to Crohn’s disease, according to the company. He was reportedly the only person who knew the password to “cold wallets” where some exchange customers’ cryptocurrency was stored. QuadrigaCX informed clients in early February that it had filed for liquidity protection “to allow […]

What Does a Guardian Do?

Estate planning is an important process for anyone who wants to be able to control where his or her assets will go when the person eventually passes away. Sometimes, however, some people may need some assistance handling their affairs before they die. Guardianship is a legal tool in which a person is appointed to serve as representative of another person who lacks the capacity to act on his or her own behalf, whether it’s because of conditions like Alzheimer’s and dementia or for a minor child who is considered to lack that capacity under the law. Types of Guardians There […]

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