What Crypto Exchanges, Holders Can Learn From QuadrigaCX

By Daniel Garrie and Ryan Abbott (February 19, 2019, 3:36 PM EST) -- On Jan. 31, a Canadian cryptocurrency exchange reported it had lost access to about $150 million in customers' holdings. The exchange, QuadrigaCX, which was the largest by volume in Canada until last month, held cold (offline) storage wallets on behalf of its customers containing keys to cryptocurrencies like bitcoin and Ethereum. The ability to transfer these cryptocurrencies requires access to a private key, which may be held in a wallet. If the key is lost, so is access — potentially permanently....

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