CEO of Crypto Exchange Quadriga Filed Will 12 Days Before his Death

2019-2-7 00:00

The CEO and founder of the Canadian crypto exchange QuadrigaCX reportedly signed his last will and testament just days before his death. Gerard Cotten passed away in December last year in India and apparently neglected to leave copies of the exchange platform’s cold-storage access, leaving the company and its customers out of pocket.

The beneficiary of Cotten’s estate is named in the document as his wife, Jennifer Robertson. She stands to inherit properties, high-end vehicles, and a pair of pet chihuahuas but claims to have no clue where information relating to Quadriga’s cold-storage solution could be.

Crypto Community Continues to Scream “Exit Scam” Over Quadriga Debacle

The case of the death of QuadrigaCX’s CEO continues to get deeper the more emerges about it. The latest revelation, reported by Bloomberg, is that the late Gerard Cotten filed his will just days before he passed away in India last year.

The document was signed on November 27, 2018. It states that the CEO’s wife, Jennifer Robertson, would receive all his assets following his death. Cotten then passed away on December 9, less than two weeks after he had made arrangements for his estate.

The official cause of death stated by Robertson and the J.A. Snow Funeral Home in Halifax was Crohn’s disease. Further complicating matters is the fact that Cotten is believed to have died in Jaipur, India, in an area reportedly known for “Fake Death Certificate Mafias”.

The fact that Cotten passed away with apparently the only access to Quadriga’s cold storage has caused many in the cryptocurrency community to presume the worst. Thanks in part to the $145 million in lost crypto assets and the suspicious circumstances surrounding the death, many are now crying foul play.

Spoiler alert – The guy didn't die. He exit scammed. #quadrigacx @Telegraph #btc pic.twitter.com/zJxecd1UlP

— ACDMBitcoinEssex (@acdmbe) February 6, 2019

Some have even gone as far as to state that there exists no obituary from the funeral home mentioned:

That pill is way too big to swallow. Does Gerald take us all for fools? @QuadrigaCoinEx #QuadrigaCX

— Brett (@Thinkofwhy) February 6, 2019

Quadriga Customers Plan Lawsuits Over Missing Crypto

According to reports, Quadriga owes customers just over US$53 million of the $145 million trapped in cold storage. Some customers who are out of pocket are now pursuing their own legal action against the exchange. Amongst them is software engineer Xitong Zou, believed to be the largest loser amongst those impacted, having lost out on over US$424,000. This figure has been taken from an affidavit filed in Halifax yesterday.

Those affected by the loss of cold storage access have reportedly formed a committee and are seeking the guidance of law firm Bennett Jones LLP and McInnes Cooper with their legal representation. However, they will have to wait for 30 days since Nova Scotia Supreme Court Justice Michael Wood granted month long stay yesterday, halting any legal proceedings against the exchange for the time being.

NewsBTC will bring you more on this fascinating story as it continues to develop.

 

Related Reading: Canadian Crypto Exchange Has Lost Access to its Cold Storage

Featured Image from Shutterstock.

The post CEO of Crypto Exchange Quadriga Filed Will 12 Days Before his Death appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Цена в час новости $ 0.0051903 (4.63%)

exchange ceo days death crypto quadriga filed

exchange ceo → Результатов: 126


Chicago Mercantile Exchange (CME) CEO Says No Other Crypto Futures For Now

Chicago Mercantile Exchange (CME) CEO Terry Duffy revealed in an interview with Bloomberg that they will not introduce futures on cryptocurrencies other than Bitcoin in the foreseeable future. Duffy emphasized that the company should first evaluate and develop an approach for Bitcoin, stressing that Bitcoin futures might have been the most controversial launch of a […]

2018-7-27 11:25


Фото:

Coinbase Announces New ‘e-gift Card’ Allowing Users to Spend Cryptos With Nike, Tesco, Uber, and More

Good news for Coinbase users as the trading platform launches a new use for cryptocurrency balances on the exchange. Talking on the platform’s Medium page earlier today, Zeeshan Feroz, the exchange’s UK CEO, wrote that customers of Coinbase in selected regions will now be able to spend their cryptocurrency balances on e-gift cards.

2018-7-25 16:04


Coinbase Ads Get Reinstated On Google’s Pay Per Click Adwords Platform

Coinbase To Advertise Again On Google In An Effort To Reach More Prospective Users Coinbase, one of the largest cryptocurrency exchange platforms across the globe is back on Google adverts. The announcement became to the public domain following the declaration by firm’s CEO Brian Armstrong, that it was whitelisted for Facebook adverts previously at the […]

2018-7-24 10:04


«Самое худшее для биткоин еще впереди»: Артур Хэйс BitMEX CEO

По словам соучредителя и генерального директора Bitcoin Mercantile Exchange Артура Хейса, ралли, которое биткоин пережил на этой неделе, сопровождался большими объемами, что позволило достичь высоких уровней.

2018-7-22 12:07


Фото:

Does Bitcoin Price Needs To Fall to $5000 Before Bear Market Is Over?

Bitcoin Mercantile Exchange (BitMEX) CEO Arthur Hayes says the Bitcoin price must still drop to $5000 before ending its 2018 bear market. Hayes: ‘I’d like To See Us Test $5000’ In comments which echo other prominent trading figures — such as Tone Vays — Hayes told CNBC yesterday that, despite prices rallying this week, sentiment will fizzle out and Bitcoin will continue falling lower.

2018-7-21 23:00


Фото:

Binance and KuCoin Commence Quarterly Burns of BNB and KCS Tokens

International, multi-language cryptocurrency exchange behemoth Binance has officially announced the fourth quarterly coin burn of its in-house Binance Coin token (BNB).   The announcement comes via Binance’s founder and CEO, Changpeng Zhao, on Twitter — where the business executive wrote: @binance is doing a final tally on the numbers, and will announce our 4th quarterly burn in the next day or so, and finish the burn within a couple days after that.

2018-7-16 16:00


CEO DASH поставил под вопрос безопасность транзакций в сети Биткоина

Райан Тейлор, CEO DASH, недавно заявил в СМИ, что система безопасности биткоина несовершенна, пишет Bitcoin Exchange Guide. Так он считает, что, хотя биткоин можно рассматривать как безопасную платформу для совершения транзакций с использованием технологии блокчейн, с точки зрения обеспечения безопасности клиентов, которые используют токены, здесь не все идеально.

2018-7-14 16:11