Bitcoin’s death problem: how billions of pounds worth of crypto assets are being lost when people die

After losing his life to complications related to Crohn’s disease in India at just 30 years of age, cryptocurrency executive Gerald Cotten risks taking tens of millions of pounds worth of Bitcoin with him to the grave.

As the chief executive of QuadrigaCX, Canada’s biggest cryptocurrency exchange, Cotten was responsible for accessing thousands of Bitcoin, a cryptocurrency worth £2,600 per coin, on the company’s “digital wallets”.

But after Cotten’s death from complications of Crohn’s, a disease of the bowels, on December 9, his family and colleagues realised that the strict security measures he had adopted to guard his cryptocurrency stash left them with no way to access the company’s coffers….

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