And on December 8 Gerald Cotten along with his wife visited Jaipur where they checked into the Oberoi Rajvilas under their four days pre-reservations. While there, they planned to fund an orphanage to be named in Cottens honor. On November 13, 2019, approximately three weeks before his death, The Globe and Mail quoted Cotten's reaction to a law-suit from the Canadian Imperial Bank of Commerce (CIBC). Roughly $200 million (Canadian) in customer funds disappeared along with him. Lawyers from the firm Miller Thomson asked Canadian police in a letter dated Friday to exhume the body of QuadrigaCX founder Gerald Cotten amid conspiracy theories around his death, which led to . Cotten grew up in Belleville, Ontario, nicknamed the Friendly City. ", https://web.archive.org/web/20200308012304/https://www.mondaq.com/canada/Technology/901106/Dealing-With-Digital-Assets-On-Death-Who-Owns-Them-Who-Can-Access-Them-What-Can-Be-Done-To-Protect-Them, "To The Grave: Mystery of rogue Bitcoin trader who died taking with him password to $215m fortune sparking rumours he faked his death", https://web.archive.org/web/20210729014641/https://www.the-sun.com/news/3365741/mystery-bitcoin-trader-password-fake-death/, "Drug dealer loses $58M in bitcoin after landlord accidentally throws codes out", https://www.cnet.com/news/drug-dealer-loses-58m-in-bitcoin-after-landlord-accidentally-throws-codes-out/, https://web.archive.org/web/20210727143224/https://newsinteractives.cbc.ca/longform/bitcoin-gerald-cotten-quadriga-cx-death, https://web.archive.org/web/20210522215407/https://www.todayville.com/details-emerging-about-gerald-cotten-the-young-founder-of-quadrigacx-4/, "Judge rules with CIBC, grants possession of disputed Quadriga funds to Ontario Superior Court", https://web.archive.org/web/20190124200914/https://www.theglobeandmail.com/business/article-judge-rules-with-cibc-grants-possession-of-disputed-quadriga-funds-to/, "Crypto firm CEO with $190 million password did die in Jaipur hospital", https://web.archive.org/web/20190208122506/https://timesofindia.indiatimes.com/india/man-with-190m-password-did-die-in-jaipur-hospital/articleshow/67876757.cms?from=mdr&fbclid=IwAR1QzXbiwC96b1M0xasSWpBOy48GR0aOv5O1LHNQi6tfviR1hZGetTu-te0, https://web.archive.org/web/20190208181956/https://www.ctvnews.ca/business/details-emerging-about-gerald-cotten-the-young-founder-of-quadrigacx-1.4287471, "Ponzi schemes, private yachts, and a missing $250 million in Crypto: The strange tale of Quadriga", https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten, "Revealed: London bank accounts that could hold key to dead crypto tycoon's lost millions", https://web.archive.org/web/20200317010559/https://www.telegraph.co.uk/technology/2020/03/15/revealed-london-bank-accounts-could-hold-key-dead-crypto-tycoons/, "Host Takara Small brings fresh perspective to the tech world in new CBC podcast: A Death in Cryptoland unravels the mysterious life & death of crypto-tycoon Gerald Cotten", https://web.archive.org/web/20210728171201/https://www.cbc.ca/radio/podcastnews/host-takara-small-brings-fresh-perspective-to-the-tech-world-in-new-cbc-podcast-1.6034398, "Tales from the crypto: Documentary explores life and death of Canadian CEO -- and the disappearance of $215 million of cryptocurrency", https://web.archive.org/web/20210714141431/https://www.winnipegfreepress.com/arts-and-life/entertainment/arts/tales-from-the-crypto-574828102.html, "Netflix true-crime documentary dives into cryptic death of crypto millionaire Gerald Cotten", https://web.archive.org/web/20210928123409/https://www.businessinsider.com/netflix-documentary-crypto-gerald-cotten-death-2021-9, "A New Netflix Doco Will Deep Dive Into One Of Cryptos Biggest Scandals", https://web.archive.org/web/20210927035921/https://www.gizmodo.com.au/2021/09/trust-no-one-the-hunt-for-the-crypto-king/, "Netflix is making a documentary about the QuadrigaCX Bitcoin saga: When founder Gerald Cotten died in 2018, hundreds of millions in crypto assets allegedly became inaccessible", https://web.archive.org/web/20211001002122/https://www.engadget.com/netflix-documentary-quadrigacx-bitcoin-gerald-cotten-150253816.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAN3Lp3mUevfwynupx5jFRGvhiem5hBxfSnZkTioY_DIdXVjtMDQPmSwIAfyMJ03t-lyw5AaoVb8gjYUnAXSEFgJyW3xqDDc4XlWvCbgsXOyX26sKEkfdz4ny38adeRhCJNCnJMYy-5DGVmzUaHgSLj494PSPu7iCOVvYgxxY_NYS, "Quadriga's mystery 'cold wallets' were emptied months before Gerald Cotten's death", https://web.archive.org/web/20190924152355/https://business.financialpost.com/technology/blockchain/quadriga-cold-wallets-found-to-be-empty-report, "An insiders view of the Quadriga meltdown: 'Its all kind of really suspicious", https://web.archive.org/web/20190418130345/https://business.financialpost.com/technology/an-insiders-view-of-the-quadriga-meltdown-its-kinda-devastating, "How Gerald Cotten built Quadriga and created the ensuing crypto storm", https://web.archive.org/web/20200308012557/https://business.financialpost.com/technology/blockchain/how-gerald-cotten-built-quadriga-and-created-the-ensuing-crypto-storm?video_autoplay=true, "Bitcoin: Millions of dollars of cryptocurrency 'lost' after man dies with only password: Conspiracy theories have been raised about the whereabouts of the QuadrigaCX exchange's funds", https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-exchange-quadrigacx-password-cryptocurrency-scam-a8763676.html, "Bitcoin boss Gerald Cotten may have faked death and escaped with $234m fortune: Many believe Gerald Cotten is alive and escaped with a $234 million fortune, with investigators calling to dig up his body. People then demanded that his body be exhumed to prove he was truly dead. Shortly after his death, his customers were told that the $215 million they'd deposited on the exchange was lost forever because Gerald did not . In early 2019, the exchange disclosed, months after the fact, that founder Gerald Cotten had died of complications from Crohn's disease while on a trip to India. }); window._taboola = window._taboola || []; But after his death in December 2018 the investor in QuaridgaCX faces a huge loss because $142 million USD Bitcoins got locked in offline wallets that were inaccessible. mode: 'thumbnails-a', In December 2019, investors were clamoring for Cottens body to be exhumed in order to verify the cause of death. According to his widow, Jennifer Robertson, Cotten was the only one who knew the passwords to QuadrigaCX's offline crypto storage, meaning that digital currency that was worth around $200 . But what people did not expect was for the crypto legend to die with the only password to millions of dollars worth of digital assets. Essentially, Gerry gambled away customer money through trading. For More Updates OnCelebrity Babies,Feuds,Their Riches,Siblings, AndEntertainment, Keep In Touch WitheCelebritymirror. As heard in Trust No One, some Quadriga investors believed Cotten faked his own death and ran off with millions as part of an "exit scam," others believed he had his face modified by a plastic surgeon and was no longer recognizable. Among the hard-hit was Tong Zou, who works in technology and put money in Quadriga. I like the notion of there being an island out there, somewhere, where Gerry Cotten is sipping a cocktail.. placement: 'Below Article Thumbnails 3rd', Geralds wife turned his Instagram into a private mode after his death. Medical experts also noted that the mortality rate of Crohns disease is relatively low but have speculated that Gerry might have had a perforated bowel. He died suffering from it on December 9, 2018. According to her, Gerry was in charge of the accounts by then. Gerald Cotten, el hombre que se llev a la tumba la contrasea para acceder a US$190 millones en criptomonedas Su muerte prematura forz el cierre de QuadrigaCX, que lleg a tener hasta 115.000. In December 2018, Cotten and Jennifer traveled to India for what was said to be a honeymoon. Trust No One: The Hunt for the Crypto King delves into the circumstances surrounding Gerrys death and what happened to the company after that. By this time, the saddened widow had already executed the will, making her the sole owner of Cottens financial assets and estates. Cotton Canadian businessman, Gerald Cotten, was recently married and celebrating his honeymoon when he unexpectedly died. This was for good reason. The mystery of Cottens death was finally put to rest when Nathan VanderKlippe, a journalist at Canadas Globe and Mail, traveled to Jaipur, India, to investigate Cottens death firsthand. Gerald "Gerry" Cotten was initially believed to be a savvy entrepreneur who found success when he founded Quadriga Fintech Solutions (QuadrigaCX) in 2013, a Canadian cryptocurrency exchange. However, his death is much debated upon as Jennifer only notified the press of his passing one month after the incident took place. Gerald was having a high experience in digital currency. They reported that Quadriga investors claimed Cotten and Patryn had a background in Ponzi schemes: In 2020 pressure mounted for Cotten's body to be exhumed, to confirm he had not faked is death. He was the owner of Quadriga Fintech Solutions (QuadrigaCX) an exchange that deals in CryptoCurrency. And Cottens funeral had been closed-casket. He was also an advisor at Crypto Consortium. After Gerry died, no autopsy was conducted, and the body was sent back to the hotel. He was buried five days after passing away. 2023 BDG Media, Inc. All rights reserved. On Jan. 14, 2019, more than a month after Cotten had passed away, the Quadriga community was notified of his death. Vanity Fair magazine wrote an article about Cotten, in its November 2019 issue. placement: 'Right Rail Thumbnails', In fact, jilted investors have requested to have the body exhumed. [15] In the article they reported that an associate of Cotten's, Michael Patryn, had actually been Quadriga's co-founder. Wiki, Age, Bio, Children & Facts about Viveks Wife, Who was Hannah Daughtry? Gerald Cotten, 30, died abruptly in December 2018 of complications relating to Crohn's disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. Banks did not want to deal with crypto companies. Gerald and Jennifer kept most of their relationship away from the public. Find Out If Kateri Dion Is Still Nyjah Hustons Girlfriend, Jennifer Robertsons Husband Died On Their Honeymoon, However, Gerald Cottens wife quickly intervened and assured the annoyed investors that exhuming her late husbands body would not aid in asset recovery. container: 'taboola-below-article-thumbnails-3rd', Investors remained inaccessible for withdrawing their Bitcoin because Gerald Cotten was the only sole owner of the encrypted password of the QuardigaCX.
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