Chinese cryptocurrency exchange IDAX Global has locked its cold wallet, suspending all deposits and withdrawals. CEO Lei Guorong allegedly disappeared with unknown cause. Incident is inspiring some on social media to question the wisdom of entrusting a third-party with your cryptocurrency investments. Canadian cryptocurrency exchange QuadrigaCX was said to have lost access to approximately $250 million CAD (US $190 million) following the sudden and unexpected death of its CEO and co-founder Gerald Cotten in India.”]
Source: https://grahamcluley.com/cryptocurrency-exchange-locks-its-cold-wallet-as-ceo-goes-missing/