Cryptocurrency and Password Management Insights

Cryptocurrency and Password Management Insights

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Jackson Turner

FREE Resource

The video discusses the QuadrigaCX incident where a lost password led to $190 million being inaccessible after the CEO's death. It explores the company's background, the CEO's secretive nature, and the aftermath of his death. Speculations about the incident are raised, and the importance of password management is highlighted, with Dashlane being recommended as a solution.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the financial impact on Quadriga CX due to a forgotten password?

They gained $190 million.

They lost $190 million.

They gained $1 million.

They lost $1 million.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was the co-founder of Quadriga CX?

Sherrod Brown

Dash Lane

Gerald Cotton

Jennifer Robertson

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of wallet is used for quick withdrawals and is connected to the internet?

Checking wallet

Hot wallet

Savings wallet

Cold wallet

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the cause of Gerald Cotton's death?

Complications from Crohn's disease

Car accident

Heart attack

Unknown causes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a cold wallet primarily used for?

Online shopping

Exchanging currencies

Storing large amounts of cryptocurrency offline

Quick transactions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unusual aspect of Quadriga CX's operations raised suspicion?

Using a public bank account

Having multiple offices

Employing thousands of people

Running the business from a single laptop

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the reaction of security experts to the encrypted laptop?

They ignored it

They sold it

They failed to break the encryption

They easily decrypted it

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