Cryptocurrency investors lose $190m after founder dies

Nope. The exchanges could also go belly up and leave you with nothing.

 

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This has cooled off drastically since cryptocurrency was hot, but every time someone came up with a “good reason” to invest in bitcoin, I read it as a “really bad reason.” The non-regulation didn’t phase them a bit. In fact, some argued it was a superior system, citing all sorts of nutball conspiracy stuff.

 

update:

The cupboard is empty
https://www.npr.org/2019/03/06/7006...re-empty-putting-fate-of-137-million-in-doubt

 

A faked death is seeming much more likely

 

Yup. I mean, the guy might actually be dead, but it looks like he committed a big-time fraud first.

 

Never understood crypto. Probably never will.

 

Except part of good security is also having contingency plans in case something goes wrong, such as a key person dies.

Sometimes a person doesn't have a choice and has to, but if they know that is a problem they also take steps to make sure they don't have problems such as bringing their own food, water etc. Things they know are safe for them.

I see from the linked article that it does seem to look like it was all set up to commit a massive fraud.