The importance and demand for crypto exchange platforms to use multisig wallets are increasing with instances like QuadrigaCX Case. The platform failed to locate and secure significant cryptocurrency reserves held in cold wallets due to the sudden death of the exchange CEO, Gerry Cotten. He was the only one with access to exchange’s cold (offline) storage wallets and he suddenly went to a long rest. Many believe it’s fair to assume that the whole situation was an exit scam. Some users believe that QuadrigaCX never had cold wallet reserves or a pool of funds. Had the platform been using a multisig crypto wallet solution, the exit scam could have been avoided. Multisig wallets provide an additional layer of security and reliability to cryptocurrency and exchange users.