Today we will recall with you famous stories from the crypto world. 💰QuadrigaCX is a cryptocurrency exchange that has become one of the biggest scandals in the history of the cryptocurrency industry. In 2019, the exchange filed for bankruptcy after its founder and sole chief executive, Gerald Cotten, died at the age of 30 in India. Cotten was the only one who had access to the private keys of the wallets where user funds were stored on the exchange, worth about $190 million.💎 ✍️After his death, the exchange was unable to access wallets and return money to users. This resulted in huge losses for many investors who lost their savings and funds held on the exchange. 1️⃣ Prior to its crash in 2019, QuadrigaCX was one of the largest cryptocurrency exchanges in Canada. It was founded in 2013 and provided access to trade in more than 10 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, etc. 2️⃣ After Cotten's death, there were many speculations that he was actually alive and hiding from the law. Some users of the exchange even sent private detectives to India to find him. 3️⃣During the investigation, it was found that Cotten stole huge amounts of money from exchange users. 4️⃣After the death of Gerald Cotten, his wife Jennifer Robertson claimed that he did not leave her access to the private keys of the exchange wallets. However, it was later revealed that Cotten created several fake accounts on the exchange, to which he transferred users' money using false names. 5️⃣ In May 2019, EY (Ernst & Young), the largest accounting firm, was hired to investigate the bankruptcy of QuadrigaCX. In its report, EY said that during the course of the investigation, they found many unusual financial transactions and difficulties in accessing the exchange's financial data. 6️⃣QuadrigaCX became the first cryptocurrency exchange in Canada to receive a license from the Canadian Financial Information Organization (FinTRAC), which underlined its status as a reliable and legitimate company.