QuadrigaCX was a Canadian cryptocurrency exchange that launched in 2013. It allowed users to buy, sell, and trade various cryptocurrencies, making it one of the country’s prominent platforms for digital assets.In early 2019, QuadrigaCX became embroiled in controversy when its founder, Gerald Cotten, died unexpectedly in India. Cotten was the only person with access to the exchange’s cold storage wallets, which held a significant amount of users’ funds. After his death, it was revealed that the exchange had lost approximately $190 million in assets, leaving many customers unable to access their funds. The situation drew widespread media attention and led to legal proceedings. Following the incident, investigations uncovered issues related to the company’s operations, including allegations of mismanagement and potentially fraudulent practices.QuadrigaCX ultimately filed for bankruptcy, leading to ongoing discussions about regulation and security in cryptocurrency exchanges to protect users and their investments. The case remains a cautionary tale regarding the risks that can accompany digital asset trading.