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Jennifer Robertson, the widow of QuadrigaCX founder Gerald (Gerry) Cotten, will be allowed to keep more than $90,000 cash and a Jeep Cherokee in a settlement agreement with the company's bankruptcy trustee. ^ "Quadriga CEO's widow speaks out over his death and the missing crypto millions". Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. Soon enough, QuadrigaCXs customers struggled to withdraw money from the exchange. Netflix has seen a boom with its true-crime docuseries, from 'Tiger King' to 'Making a Murderer.' More than three years after the sudden death of Quadriga CEO Gerald Cotten and the revelations that the company was a massive cryptocurrency scam, his widow,. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. The business was run from Cotten's encrypted laptop from Cotten's home in Fall River, Nova Scotia. The tech-savvy individual traced domain names, links, and trades on the blockchain, discovering a lengthy track-record of schemes, from Mr Cottens early days on TalkGold, to his association with a business partner named Michael Patryn. The funeral, according to a Redditor claiming to be a contractor for QuadrigaCX, said that it was a closed-casket affair, and that Jennifer was fake grieving and dancing at the funeral to bacchanalian excess, and even kicked out Geralds family. Customers reported that once they arrived, there was nobody in the office, or that there was no cash to be disbursed. It left Robertson the entire C$9.6-million estate and named her as the trustee. His death certificate was issued by the Indian authorities and contains an incorrect spelling of his name. Some 76,000 investors like Zou collectively lost out. goes to Cottens hospital in India to put the whole fake death thing to bed. reporters had a hunch that this was Gerry Cotten, and traced the account to another online den of thieves, BlackHatWorld. But when the banks, the law, and the. Conspiracy theorists insist that Cotten faked his own death, however, as many irregularities surrounding his death began to circulate, including a copy of his misspelled death certificate and the fact that his funeral had a closed casket. He was one of the wealthiest people in the crypto world, and his company was at its pinnacle. Despite presenting himself as mild mannered and clean cut, Cotten was found to have had a history of carrying out financial cons - starting when he was just a teenager. 4 people named Gerald Betzen found in California, Texas and Massachusetts. According to an investigation by Canada's Globe and Mail, Cotten. While Robertson has possession of the laptop containing the necessary passwords, she remains locked out. [19], Some Reddit users have suggested that Cotten faked his own death in order to defraud customers through an exit scam, while others believe that Cotten's death exposed a Ponzi scheme. It is highly unusual for only a single executive to be the one with access to a company's fund, further muddying the waters around what happened to Cotten. Re-thinking indemnification for smart contract risks", "Bitcoin investors face long delays cashing out, criticize two B.C. Gerald Cotten was the founder of one of Canada's largest cryptocurrency exchanges, Quadriga CX. In January 2014 they installed the second Bitcoin ATM in Vancouver. Then, as their accounts accumulated hundreds of millions of dollars, Gerald passed unexpectedly, taking the passwords to the accounts to his grave. The teen, a bright computer enthusiast from Belleville, Ontario, ran the operation on an online forum called TalkGold . A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. Indian authorities maintain that Cotten, whose body was repatriated to Nova Scotia for a small closed-casket funeral, died on Dec. 9, 2018, shortly after checking into a luxury hotel in Jaipur. Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. [2], In January 2019 Ernst & Young reported that Quadriga did not have a bank account, but instead used third-party payment processors. **Warning Spoilers ahead for Trust No One: The Hunt for the Crypto King**. Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange.In 2019 the exchange ceased operations and the company filed for bankruptcy with C$215.7 million in liabilities and about C$28 million in assets.. Ernst & Young was able to recover $24m in cash and $9m in assets held by Robertson. Then, the crypto millionaire suddenly died in India from complications from Crohn's disease about three years ago. [49], On 5 March 2019, Justice Wood extended Quadriga's court protection to 23 April. Gerald Cotten (born 11 May 1988)[14] lived in Belleville, Ontario before attending the Schulich School of Business at York University in Toronto. He was able to keep the venture, called S&S Investments, going for three months, before it folded and investors money was gone. Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, A lost password, a sudden death and $180M in missing crypto, Extra 20% off selected fashion and sportswear at Very, Up to 20% off & extra perks with Booking.com Genius Membership, 50 cash with friend referrals at Virgin Mobile, 15% off extra plans with this Vodafone promo, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK March 2023, Compare iPhone contract deals and get the best offer this March, Compare the best mobile phone deals from the top networks and brands. The thing about conspiracy theories, though, is that they mutate out of control very quickly, and arent always reflective of the latest evidence. I'm 99% sure he is still alive living nicely. Companies have backups, safeguards to protect against this kind of thing. For instance, had Cottens death certificate, which spelled his name as Cott, , been faked? They reported that Jennifer said she couldnt get into Cottens laptops, and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. [33] Aaron Matthews served as Director of Operations. When Taylor Monahan, founder of MyCrypto, examined the exchanges cold wallets, she couldnt find the lost crypto. At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. https://bit.ly/3cAIH4j Newest Vid's https:. "I couldn't get any sleep. Fourteen trading accounts that were also examined were used to trade on other exchanges. In 2019 the exchange ceased operations and the company filed for bankruptcy with C$215.7 million in liabilities and about C$28 million in assets. [21], Throughout 2018, as Bitcoin prices crashed, customers of the exchange reported delays when attempting to withdraw dollars. The podcast was hosted by Takara Small. Did Cotten fake his own death, investors began to ask, absconding to lands anew under a new name and a surgically rejigged face? Where was the rest of the money? [48], On 5 February 2019, Nova Scotia Supreme Court Justice Michael J. The shocking story has been recounted in a new Netflix documentary, Trust No One: The Hunt For The Crypto King. Thats when the Globe started to be convinced that he was dead, after all. Criminal probes continue by the Royal Canadian Mounted Police and the FBI as leading digital investing publication Coindesk branded his death as the "crypto's biggest mystery". A NEW documentary on rogue crypto trader Gerald Cotton, who took up to $215million in Bitcoin and other digital currencies to his grave, has sparked rumours he may have faked his death. In her memoir, Ms Robertson denies shes part of an elaborate plot to fake her husbands death, adding that speculation has led to death threats from stalkers demanding she returns the missing millions. Here's my take on Gerald Cotten and his suspicious death. The young entrepreneur seemed to be at the height of his success, traveling around the world with his wife, Jennifer, and leading a jet-setting lifestyle. Subsequent investigations found that Michael Patryn, one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. But Cotten was a bad trader: losing money hand over fist, he gambled away about $150 million of customer funds. The accounting firm Ernst & Young, tasked with auditing the company as it undergoes bankruptcy proceedings, discovered numerous money-losing trades executed by Cotten, using customers funds. [11] Lawyers for the customers of the exchange have asked that Cotten's body be exhumed.[12]. Citing decomposition concerns, lawyers requested the exhumation be completed no later than spring 2020. Photo by Gaetano Cessati on Unsplash. And not even. Netflix's latest true crime doc, "Trust No One: The Hunt for the Crypto King", seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. thinks that Gerald is deadnor did he ever meet his wife. Gerald died while on a honeymoon with his wife Jennifer in India, Cotten has been recast since his death as a thrill-seeking scammer, Michael Patryn - real name Omar Dhanani - had previously been convicted of identity fraud, Bitcoin miner electrocuted to death by his computer after forcing it to churn out endless amounts of crypto. Their online exchange launched after the first month. (Neither men were charged in connection with Liberty Reserve). His will was signed off just two weeks before he and wife Jennifer Robertson travelled to India on their honeymoon. She had accompanied him to a hospital in Jaipur the previous day and he was diagnosed with septic shock, perforation, peritonitis, and intestinal obstruction. Gerald Cotten, 30, held the virtual keys to a whopping $137 . Gerald Cotten had an estimated net worth of $80 million at the time of his death. Gerald Cotten was 15 when he ran his first documented get-rich-quick scheme. Some speculate that Cotten, who suffered with Crohn's disease, might actually be alive. [17] In June 2017, Quadriga announced that they had lost ethereum worth US$14 million due to a smart contract error. Gerald Cotten. The OSC found that after 2016, QuadrigaCX stopped producing consistent data about its holdings, and that large volumes of cryptocurrencies were being sent to foreign crypto exchanges. Two years after Liberty Reserve was taken down, the pair launched Quadriga, though Mr Patryn left the company in 2016 over a dispute on whether to list the company publicly and claims no involvement in the resulting schemes. The circumstances sparked speculation from some in the crypto community that the CEO faked his death and stole his clients' money. It apparently had no formal accounting system. Soon after his death, however, reports surfaced that nearly 80,000 users of QuadrigaCX at the time Canadas largest cryptocurrency exchange were unable to access funds totalling more $190m. There is a clear lesson here that having a single person owning this information creates a huge vulnerability.. To add credence to the theory that he faked his own death and is still alive, Bloomberg reported that the crypto exchange founder filed his will just 12 days before he apparently died. I didnt know that Gerry was married, he says. (India is notorious for forging fake death certificates by paying people off). Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. [51], A documentary titled Dead Man's Switch: A Crypto Mystery about the story of Gerald Cotten premiered at the 2021 Hot Docs Canadian International Documentary Festival. [24][25][26], According to court filings, Quadriga also used WB21 as a payment processor. Like many in the industry, he framed his enterprise not merely as a financial tool, but a radical societal change, touting the crypto gospel in podcast appearances and videos on YouTube. Here Is Why People Think Gerald Cotten Is Still Alive. Cotten passed away from complications that arose from Crohn's disease while on a honeymoon in Indiaapparently taking some $215 million of customer funds to the grave. Gerald Cotten, 30, died abruptly in December 2018 of complications relating to Crohns disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. And for some, things still looked suspicious. Despite no concrete evidenceindeed, the murdered mans first name was not the same as Robertsons ex-husband, some angry investors lobbed death threats at Jennifer, convinced that she had murdered Cotten, too. He appointed Peter Wedlake of Grant Thornton to be chief restructuring officer. An official investigation concluded that Quadriga was"an old-fashioned fraud wrapped in modern technology". So his spiral down into a life of crime was either pure greed or him seeking the thrill. But months later, customers still couldnt take their money out. More than three years after the sudden death of Quadriga CEO Gerald Cotten and the revelations that the company was a massive cryptocurrency scam, his widow, Jennifer Robertson, tells her side of the story.#Quadriga #GeraldCotten #BitcoinWatch The National live on YouTube Sunday-Friday at 9 p.m. ETSubscribe to The National: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1Connect with The National online:Facebook | https://www.facebook.com/thenationalTwitter | https://twitter.com/CBCTheNationalInstagram | https://www.instagram.com/cbcthenationalMore from CBC News | https://www.cbc.ca/newsThe National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa. The teen, a bright computer enthusiast from Belleville, Ontario, ran the operation on an online forum called TalkGold, and promised his investors inconceivable returns of up to 150 per cent in two days. His death was kept secret for a month by the firm before it was finally announced - and it was found he had spent millions in investors' money funding his own lavish lifestyle. No one but him can access accounts, he ran a whole market on a laptop by himself with no other employees or partners anymore so only he could access it and he suddenly dies when he would be in massive debt for delayed payments and would likely be convicted for fraud or money laundering. [45], In June 2020, the Ontario Securities Commission officially concluded that Quadriga was indeed a fraud and a Ponzi scheme. You get rid of a lot of the regulations, he said on a podcast in 2014. And who dies from Crohns disease at 24 years old? Do you have a story for The Sun Online Tech & Science team? Some evidence suggested that Jennifer, if real, was acting strangely. Sign up for notifications from Insider! All Filters. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix | Where Are They Now?Subscribe Here! He would then use this crypto to make investments himself on other digital exchanges as he furnished his own pockets at the expense of his investors, according to accounting firm Ernst & Young. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. "At that point, we were desperate to recover funds and we were also convinced that a scam was underway," said QCX-INT, an individual who uncovered online documentation of Mr Cottens history of fraudulent behaviour, speaking anonymously to the CBC this year.

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