2019-6-28 19:48 |
Gerald Cotten, the founder of the largest Canadian crypto exchange, QuadrigaCX, potentially stole almost $200 million and reportedly died
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The fifth Monitor report reveals a total lack of clear accounting and a possibility that the late Gerald Cotten accessed the exchange’s funds and made risky bets in margin trading.
2019-6-22 13:28 | |
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By CCN Markets: Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX whose death is the reason for $190 million of missing funds and a bankrupt company, had transferred user funds to his personal accounts to use them as security for margin trading, a report by Ernst & Young revealed.
2019-6-21 13:07 | |
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Ernst and Young, the audit giant, the court-appointed third-party monitor and now the bankruptcy trustee of the QuadrigaCX proceedings, released its fifth report on the QuadrigaCX episode. Part 1 & 2 of AMBCrypto’s coverage can be found here, and here.
2019-6-20 19:30 | |
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Ernst & Young, QuadrigaCX's court-appointed monitor, has released a report showing Gerald Cotten, the exchange's deceased CEO, stole up to $200 million of users' funds, which may have been used to purchase the boat, aircraft, luxury vehicles, and gold and silver coins Cotten owned.
2019-6-21 18:55 | |
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QuadrigaCX is the gift that keeps on giving. The now-defunct Canadian cryptocurrency exchange has been at the center of a six-month-long controversy involving 650,000 ETH, a “Big-Four” auditor, a private jet, and the mysterious death of the man behind it all.
2019-6-20 16:30 | |
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QuadrigaCX CEO and founder Gerald Cotten reportedly created fake accounts at other crypto exchanges and funded them with his customers' money.
2019-6-20 14:05 | |
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The latest court-ordered report into the QuadrigaCX scandal arrived yesterday with some pretty damning claims of fraudulent activity. These include founder and CEO, Gerald Cotten, embezzling customer funds to margin trade (badly) on other exchanges for years.
2019-6-20 13:00 | |
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The Canadian cryptocurrency exchange QuadrigaCX appears to have been playing with fire long before it collapsed – and took $134 million with it – earlier this year. According to the latest report from administrators, EY, QuadrigaCX had been operating a fraudulent cryptocurrency exchange.
2019-6-20 11:32 | |
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The tale of QuadrigaCX’s demise is one filled with twists and turns, predominantly following the death of founder and CEO Gerald Cotten at the end of last year. The circumstances have been strange, at best, in the months following.
2019-6-5 04:34 | |
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On January 14, Cryptopia experienced its major hack and QuadrigaCX announced the death of its founder and CEO Gerald Cotten, causing users of both exchanges to experience frozen withdrawals. While the coincidence is enticing, the real connection between the two exchanges appears to be the lack of regulatory oversight.
2019-5-30 18:57 | |
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QuadrigaCX CEO Apparently Feated For His Life Former Colleague Says The QuadrigaCX controversy seems not to have an end. This time, a former colleague and friends, said that the CEO of the platform, Gerald Cotten, feared for his life due to the large number of funds he exclusively controlled. The information was released by Global […]
2019-4-20 23:07 | |
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Details are now emerging about Gerald Cotten’s last days alive. Gerald is the late CEO of the crypto exchange, QuadrigaCX, who died while on a trip in India. According to Adam O’Brien, a crypto entrepreneur, Gerald was spooked about his safety in regard to the huge amount of funds he controlled.
2019-4-20 22:35 | |
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The untimely death of QuadrigaCX CEO Gerald Cotten has left $190 million worth of customers’ crypto funds inaccessible. Many theorized that Cotten faked his demise to disappear with the money.
2019-4-19 18:30 | |
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By CCN. com: The late CEO of QuadrigaCX crypto exchange Gerald Cotten feared for his life due to the vast amounts of funds he exclusively controlled, a former colleague and friend has said. Per cryptocurrency entrepreneur Adam O’Brien, Cotten worried that he could be kidnapped over the crypto assets worth millions of dollars that he exclusively had access to, according to Global News: Gerry was holding, we know, over $100 million, almost $200 million dollars in funds.
2019-4-19 13:19 | |
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The Court Monitor (E&Y) for QuadrigaCX released a new report on March 1st, 2019, that details all of their new findings in the case. For those that do not know, QuadrigaCX is a cryptocurrency exchange that recently became insolvent, allegedly due to the spontaneous and unexpected passing of its owner and CEO, Gerry Cotten. Since […]
2019-4-13 04:44 | |
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In yet another chapter in the QuadrigaCX episode, it has been revealed that QuadrigaCX’s late Co-founder, Gerald Cotten, was associated with Liberty Reserve, a centralized digital currency that was shut down by the United States’ law enforcement, back in 2013.
2019-4-11 17:00 | |
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The defunct Canadian exchange's deceased CEO apparently did business with Liberty Reserve founder Michael Patryn, who was convicted of money laundering.
2019-4-10 19:40 | |
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It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.
2019-4-10 17:39 | |
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QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday.
2019-4-9 11:55 | |
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The transition to bankruptcy will allow Ernst and Young (EY) greater investigative authority over the exchange's missing funds. Under the ruling, the assets of Jennifer Robertson, widow of owner Gerry Cotten, will be frozen, and her financial activity will be closely monitored.
2019-4-10 00:31 | |
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Canada’s once-largest cryptocurrency exchange saw its revival prospects go from bad to worse after their court-appointed independent auditor, Ernst & Young, stated in their April 1 report that the exchange’s only option now was bankruptcy.
2019-4-4 03:30 | |
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Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings.
2019-4-3 15:38 | |
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Defunct cryptocurrency exchange QuadrigaCX’s should enter bankruptcy proceedings in a bid to minimize costs and facilitate the recovery of assets for creditors, according to a report by Ernst & Young (EY), its court appointed monitor.
2019-4-3 12:23 | |
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QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
2019-4-3 01:19 | |
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In a new twist to the controversial QuadrigaCX fiasco, the now-defunct cryptocurrency exchange’s former regulatory attorney Christine Duhaime says that the late CEO Gerald Cotten’s decision to rid the firm of “law and order folks” is what led to its dramatic decline, reports Bloomberg, March 27, 2019.
2019-3-30 21:00 | |
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Christine Duhaime, a lawyer associated with Duhaime Law, the law firm once associated with the troubled QuadrigaCX, claimed that the late CEO Gerald Cotten shunned the “law and order folks”, i.
2019-3-29 11:30 | |
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By CCN. com: QuadrigaCX had a long and successful run as Canada’s top Bitcoin exchange. Former counsel to the exchange, Christine Duhaime, says in a blog post at Coindesk that the company was among the only exchanges to publicly publish audits or obtain cold storage insurance.
2019-3-29 23:40 | |
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Premier David Burt, the leader of the island nation of Bermuda, has boasted that the current situation that embattled Canadian crypto exchange QuadrigaCX finds itself would have been prevented if the exchange’s crypto keys had been kept in his country.
2019-3-26 14:18 | |
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The Quadriga meltdown sent shockwaves through the cryptocurrency space. The story of QuadrigaCX and its founder Gerald Cotten has all the elements of a crime thriller. Over a hundred million dollars goes missing and the founder dies a sudden and mysterious death in India.
2019-3-26 11:58 | |
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The QuadrigaCX failure has claimed another victim. More than 100,000 investors lost a combined $190 million in crypto as a result of the exchange’s comedy of errors that were exposed by the death of CEO Gerald Cotten.
2019-3-26 01:21 | |
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QuadrigaCX Court Issues Continue As Conflict Of Interest Is Exposed Regarding Former Law Firm The legal representation of QuadrigaCX has been a problem. Weeks ago, the law firm Stewart McKelvey and Jennifer Robertson had parted ways in the case, which Robertson credited to a conflict of interest. Robertson, the widow of founder Gerald Cotten, had […]
2019-3-22 08:06 | |
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Capital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, which led to about $145 million in frozen or missing cryptocurrencies.
2019-3-15 15:59 | |
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Litecoin prices stable and bullish QuadrigaCX founder had the best interests in mind and cared for his customers Transaction volumes low but revival depends on LTC demand Cotten’s window now says his husband had the best intentions and interest for QuadrigaCX users as the search of $190 million worth of Bitcoins and other assets continue.
2019-3-14 22:00 | |
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Jennifer Robertson, the widow of late Quadrigacx chief executive officer Gerry Cotten, has revealed that customer withdrawals were processed using personal funds in a statement published yesterday.
2019-3-14 16:45 | |
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To keep the exchange liquid and honor withdrawal requests, Gerald Cotten has used personal funds during a time when QuadrigaCX funds were locked by a Canadian bank.
2019-3-14 14:24 | |
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Gerald Cotten reportedly used his own money to fund customer withdrawals. At the time, the Canadian Imperial Bank of Commerce had frozen their bank accounts, questioning their provenance. His widow, Jennifer Robertson, told Coindesk that while she didn’t have a lot of knowledge as regards his operating the exchange, he had told her that much.
2019-3-14 01:55 | |
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We have heard in January and February how users of the cryptocurrency exchange QuadrigaCX have been affected after the death of the owner of the crypto exchange, Gerald Cotten. The owner of the platform was the only one in control of the private keys of the wallets used by the exchange. Until now, it was […]
2019-3-10 18:31 | |
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According to pseudonymous cryptocurrency researcher “I am Nomad” and a report from The Block, QuadrigaCX co-founder Michael Patryn traded large Bitcoin positions on BitMEX surpassing the tune of $8 million.
2019-3-8 20:36 | |
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The death of Canadian crypto exchange, QuadrigaCX’s CEO, Gerald Cotten has sparked outrage within society, as Cotten was the only one to have access to nearly $137M in cryptocurrencies. Said amount evidently belonged to the crypto exchange’s 115,000 users.
2019-3-7 18:07 | |
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Jennifer Robertson, the widow of Gerry Cotten, the late founder of the now-defunct QuadrigaCX cryptocurrency exchange has asked the court to repay her legal costs to the tune of C$300,000 ($225,000), reports Bloomberg on March 5, 2019.
2019-3-7 12:00 | |
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The tragic story of the loss of $ 143 M from QuadrigaCX accounts after its CEO Gerald William Cotten died suddenly – it could be the story of the greatest fraud or criminal scheme. Today there are at least 3 options of explanation.
2019-3-6 19:42 | |
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Jennifer Robertson, the widow of Gerald Cotten, the CEO of Canada’s biggest crypto exchange QuadrigaCX, has requested for reimbursement of $225,000 in court fees. Robertson, who initially filed an affidavit with the Supreme Court of Nova Scotia to reveal the death of CEO Gerald Cotten and the loss of over $150 million in crypto and cash by QuadrigaCX, reportedly claimed she had spent $225,000 to secure QuadrigaCX protection from creditors.
2019-3-6 19:41 | |
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A Nova Scotia Supreme Court Justice has given defunct cryptocurrency exchange QuadrigaCX a 45-day extension to search for $140 million worth of missing crypto assets. Judge Michael Wood extended the creditor-protection deadline to April 23, which would protect Quadriga from potential lawsuits.
2019-3-6 14:21 | |
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A Halifax court has granted an extension to QuadrigaCX’s creditor protection deadline. The story of the now-defunct crypto exchange that has most gripped the space so far in 2019 is therefore set to continue.
2019-3-6 02:00 | |
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As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.
2019-3-5 20:20 | |
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The cold wallets of QuadrigaCX, once the largest crypto exchange of Canada, have reportedly been found to be empty. According to Bloomberg, most of the Bitcoin funds from the exchange’s cold wallets were moved out in April 2018, more than 9 months before QuadrigaCX revealed it had lost $150 million in customer funds after its CEO Gerald Cotten passed away with sole control of the company’s wallets.
2019-3-4 13:21 | |
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Канадская биржа QuadrigaCX, где после смерти владельца было заблокировано криптовалют на $145 млн, на самом деле вывела все средства за сутки до его смерти. Как следует из отчета консалтинговой компании Ernst & Young, которая назначена аудитором судом, последняя транзакция со счетов QuadrigaCX проходила за день до смерти ее владельца.
2019-3-4 13:16 | |
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Аудиторская компания Ernst & Young идентифицировала адреса шести холодных кошельков, ранее используемых канадской криптобиржей QuadrigaCX, но все они оказались пустыми. Об этом говорится в новом, третьем по счёту отчёте аудитора.
2019-3-3 11:21 | |
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On February 5th, 2019, a press release by QuadrigaCX shocked the broader cryptocurrency community. With the death of chief executive Gerald Cotten, the Canadian exchange allegedly lost access to $190 million Canadian worth of cryptocurrencies.
2019-3-2 10:25 | |
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