• Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

Man Loses His Entire $500,000 Life Savings In Cryptocurrency After Trader Dies With Password

Adam PR by Adam PR
April 2, 2022
in BUSINESS
0
Man Loses His Entire $500,000 Life Savings In Cryptocurrency After Trader Dies With Password

Cryptocurrency

A man has lost his entire life savings after investing all his funds with a cryptocurrency trader who passed away.

Tong Zuo recalled when he invested his money into Quadriga CX, and trusted the company’s CEO and founder, Gerald William Cotten with the funds since he had password access to all his clients’ accounts.

The total amount of money held in Quadriga’s accounts is an estimated total of $250 million and caused 76,000 investors to lose out on their funds once Cotten passed away.

Zuo said he received most of the money from his parents and invested in cryptocurrency to avoid bank charges when he moved from the United States to Vancouver, Canada.

The now-closed Canadian-based company claims a legal matter with a bank is delaying the distribution of funds.

“I kept asking them: Where’s my money? – October, November, December – during all that time. They kept saying it was the lawsuit. I couldn’t get any sleep. I just prayed. I really prayed it wasn’t a scam. At that time, there was nothing I could do. There was no way of getting my money back. Once I deposited it, it was basically gone,” Zuo added.

ALSOREAD

How Church General Overseer Landed In Jail Over Fake Prophecy, Crypto Fraud

TOP LIST CRYPTO TRADERS/VENDORS YOU SHOULD TRADE WITH FOR A SWIFT TRANSACTION

Crypto Platform Binance Deactivates, Freezes Nigerians Account Worth Millions

Central Bank Approves World’s Largest Crypto Platform

Kuda Bank Releases Important Notice To All Customers Over Accounts Blocking, EFCC

Cotten’s wife, Jennifer Robertson, claims he promised to create a mechanism that will give her access to the passwords once he died but she never received them.

Zuo’s story and others has been featured in the Netflix documentary “Trust No One: The Hunt For The Crypto King.”

Tags: BitcoinCryptocurrencies
Previous Post

2023: IBB Reveals Party He Will Be Supporting In The Presidential Election

Next Post

BREAKING: ASUU, CONUA Renew Conflicts Over OAU Crisis

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 07069173969

Related Posts

BREAKING: Naira Scarcity Worsens As Major Banks Exhaust Cash
BUSINESS

BREAKING: Naira Scarcity Worsens As Major Banks Exhaust Cash

March 11, 2023
BREAKING: CBN Approves Circulation Of Old Notes
BUSINESS

BREAKING: CBN Approves Circulation Of Old Notes

March 7, 2023
JUST IN: First Bank Gives Condition To Accept Old N500, N1,000 Notes From Customers
BUSINESS

BREAKING: Banks Resume Old Notes Circulation

March 6, 2023
BREAKING: Online Store, Jumia Sacks Over 900 Workers
BUSINESS

BREAKING: Online Store, Jumia Sacks Over 900 Workers

February 17, 2023
JUST IN: First Bank Gives Condition To Accept Old N500, N1,000 Notes From Customers
BUSINESS

JUST IN: First Bank Gives Condition To Accept Old N500, N1,000 Notes From Customers

February 17, 2023
BREAKING: Arrest Warrant: Reps Grill CBN Governor, Emefiele
BUSINESS

Why We Can’t Print Enough New Notes – CBN Governor, Emefiele Speaks

February 11, 2023
Next Post
OAU

BREAKING: ASUU, CONUA Renew Conflicts Over OAU Crisis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • JUST IN: PDP Suspends National Chairman, Ayu

    JUST IN: PDP Suspends National Chairman, Ayu

    0 shares
    Share 0 Tweet 0
  • BREAKING: PDP Replaces Ayu As National Chairman

    0 shares
    Share 0 Tweet 0
  • BREAKING: DSS Confirms Plot To Stop Tinubu’s Inauguration As President

    0 shares
    Share 0 Tweet 0
  • BREAKING: Former Nigeria’s Vice President Is Dead

    0 shares
    Share 0 Tweet 0
  • FULL LIST: Top 10 Richest Yahoo Boys In Nigeria

    0 shares
    Share 0 Tweet 0
  • FULL LIST: Top 10 Best Polytechnic To Attend In Nigeria

    0 shares
    Share 0 Tweet 0
  • JUST IN: Vehicle Conveying Prisoners Crashes In Osun

    0 shares
    Share 0 Tweet 0
  • Why Buhari Don’t Want To Hand Over To Tinubu – Presidency

    0 shares
    Share 0 Tweet 0
  • BREAKING: INEC Fixes Date For Inconclusive Governorship Elections

    0 shares
    Share 0 Tweet 0
  • BREAKING: US Okays Anti-Tinubu Protest By Peter Obi’s Supporters

    0 shares
    Share 0 Tweet 0

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
    • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved