Gerald cotten died suddenly last year in india from complications to crohn s disease and was the only person with passwords to digital wallets containing 137 million sunk into bitcoins. As part of the implementation nakamoto also devised the first blockchain database.
Quadriga canada s biggest cryptocurrency exchange said it s unable to gain access to 145 million of bitcoin and other digital assets after gerald cotten its 30 year old ceo and co founder died.
Founder of bitcoin dies. In the process nakamoto was the first to solve the double spending problem for digital currency using a. Satoshi nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin authored the bitcoin white paper and created and deployed bitcoin s original reference implementation.