Confusion As Cryptocurrency Firm QuadrigaCX Founder, Gerald Cotten Dies Of Crohn’s Disease During Trip To India
- Canadian Bitcoin Investors Lose $190Million As QuadrigaCX Founder, Gerald Cotten Dies With Passwords To Unlock Customers Accounts
- Gerald Cotten Death Certificate And Statement Of Death Released
In a case similar to MMM saga in Nigeria, Canada’s leading cryptocurrency exchange company has said it cannot immediately repay customers’ $190m because its founder died with their passwords.
According to the Sky News, founder of QuadrigaCX, 30-year-old Gerald Cotten, died of alleged complications with Crohn’s disease during a trip to India where he had been billed to inaugurate an orphanage last December.
According to Mayo Clinic, Crohn’s disease is an inflammatory bowel disease that causes inflammation of the digestive tract, which can lead to abdominal pain, severe diarrhoea, fatigue, weight loss and malnutrition. Inflammation caused by Crohn’s disease can involve different areas of the digestive tract in different people, doctors say.
Meanwhile, Mr. Cotten’s wife, Jennifer Robertson, in a sworn affidavit she filed for credit protection on January 31, affirmed that Cotten held “sole responsibility for handling the funds and coins” and that no other members of the team could access the stored funds.
“Ms Robertson said about $190m in both cryptocurrency and normal money is in ‘cold storage,’ where the company, or just Mr. Cotten in this case, holds the key, not the client,” Sky News reported.
“The founder held sole responsibility for handling the funds and coins and no other members of the team could access the stored funds, she added.”
And though Ms Robertson is still in possession of her husband’s laptop, she said she did not know the password.
Even a technical expert they hired had not been able to bypass its encryption, she told the court.
Gerald Cotten death certificate
Gerald cotten statement of death
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Perfect exit strategy. I don’t believe. Sadly my friend lost over 56 thousands.
I will never invest in bitcoin again
Wasted effort. If he knows he is sick, someone in the company should have the password.
I agree with the first commentator, it is a perfect exit strategy
It’s a pity..i hope that death certificate is real because, Nigerians are still learning when it comes to scam..
The expert will crack that, RIP if that’s for real.
Whaaaaaaaaaaaaaaat! Could the exit be true?
Any platform that call for introducing others into it either directly or indirectly is a ponzi scheme no matter how you tag it and you will only be lucky if you are among the starters or first set when it kick-up, cause the will use the money of others you introduce to pay you.