Man will get only $52k from his $400k deposit on QuadrigaCX

As we know, QuadrigaCX's former customers will get only 13% of their investment at the time the CEO died, with all the keys in his power.

When I heard the news I couldn't stop thinking of Tong Zou, the canadian who wanted to save on transfer fees by sending the money through the CEX rather than through the banking system. He'll get only $52k from it.

This all happened in January 2019. When corrected for inflation, he'll actually get the equivalent of $43.7k in today's dollars. This amount refere to all of his lifesavings.

Zou also committed some bold actions:

Canadian Tong Zou was living in San Francisco at the time and was watching his friends get rich. "As humans often do, we get greedy and we get selfish. And I was jealous of my friends for making so much money," he says. He took out three bank loans and invested them all in cryptocurrency.

This could be worse and could still get nothing, but it's hard to think that he could have e.g. bought a new home back then, but today he can barely make a solid deposit with such a low amount.

Let this be another reminder that greed is often a bitch, and that you should only invest what you can afford to lose.