CIBC stated that they could not determine the ownership of the money and could not contact Cotten or Quadriga. ", "Vancouver crypto exchange, CIBC clash over frozen accounts", "Judge rules with CIBC, grants possession of disputed Quadriga funds to Ontario Superior Court", "The fintech 'genius' accused in $165m fraud", "Crypto Firm Cited in Bitfinex Case Had Also Worked With Quadriga", "Quadriga co-founder served time in U.S. for role in identity-theft ring, documents reveal", "Criminal Past Haunts Surviving Founder of Troubled Crypto Exchange", "Crypto firm CEO with $190 million password did die in Jaipur hospital", "Cryptocurrency Exchange Says It Can't Access $190 Million After CEO Unexpectedly Died", "Millions in cryptocurrencies frozen in Canada after only person who had password dies in India", "Crypto Exchange Founder Filed Will 12 Days Before He Died", "Quadriga CEO, whose death ignited a cryptocurrency storm, a kind man with taste for fine things, say friends", "Crypto Exchange Mystery Deepens as Board Seeks Court Protection", "Crypto exchange Quadriga files for creditor protection", "Quadriga mystery deepens with little evidence of cold wallets containing $250M", "A Crypto-Mystery: Is $136 Million Stuck or Missing? The investors found more questions than answers. [30], According to Jennifer Robertson, Cotten's widow, he died on 9 December 2018 while travelling in India. Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). And with the mystery of Quadriga still being unraveled by the Feds, Mounties, amateur sleuths and investigative journalists - the question remains what happened to Cotten? Subsequent investigations found that Michael Patryn, one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. Gerald Cotten was 15 when he ran his first documented get-rich-quick scheme. "[18], The company tried to raise money and list on the Canadian Securities Exchange (CSE) working with Patryn. 4 people named Gerald Betzen found in California, Texas and Massachusetts. Evidence of him faking death: There's lots of bizaare things that are suspicious. Fifteen years later, Mr Cotten, known as Gerry, would be accused of swindling people online of a much bigger prize. - Watch Full Details ! It comes as we revealed some of the world's biggest crypto scams following the case of Bitcoin tradersRaees Cajee, 21 and Ameer, 18,who fledSouth Africa after allegedly pocketing 2.5billion. The OSC tugged on the same thread, but neither could get hold of him. Mr Cottens story is now the subject of the documentary Dead Mans Switch: A Crypto Mystery, which streams on Discovery+, and in the new memoir of wife Jennifer Robertson, Bitcoin Widow: Love, Betrayal and the Missing Millions. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix | Where Are They Now?Subscribe Here! Furious investors continue to fight a legal battle to try and have Cotten's body exhumed as they believe his death was a cut and run scam. And, wildly, was Jennifer, his wife, even. ET. 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. The circumstances are dodgy that they chose to honeymoon to India and he suddenly dies from complications of Crohn's disease. And who dies from Crohns disease at 24 years old? Exit Scam host Aaron Lammer told CoinDesk: "My read was that, on some level, Gerry was addicted to scamming, "Addicted to stealing peoples money. The laptop computer from which Gerry carried out the companies business is encrypted and I do not know the password or recovery key. He is believed to have carried out Ponzi scheme scams since he was just 15 - such as playing a role in pre-crypto digital token eGold, according to investigator Amy Castor. Was he avoiding something or someone? Where was the rest of the money? I didnt know that Gerry was married, he says. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, Investors are still hunting for millions in vanished cryptocurrencies, writes Josh Marcus, Find your bookmarks in your Independent Premium section, under my profile. Tong Zou is one of thousands of customers left seriously out of pocket following Gerald 'Gerry' Cotten's mysterious death in 2018 at the age of 30. #GeraldCottenReallyDead #GeraldCottenStillAliveGerald Cotten Really Dead ? Resides in Beverly Hills, CA. Cryptocurrency investors locked out of $190m after exchange founder dies, Original reporting and incisive analysis, direct from the Guardian every morning. It was a perfect match, sparked up on Tinder, she said in the documentary. Gerald Cotten was the founder of one of Canada's largest cryptocurrency exchanges, Quadriga CX. Re-thinking indemnification for smart contract risks", "Bitcoin investors face long delays cashing out, criticize two B.C. Start your Independent Premium subscription today. Gerald died while on a honeymoon with his wife Je His wife has said she was "upset and disappointed" to learn about the extent of the fraud at her husbands company, writing in a 2019 statement, she wasnt aware or involved in Gerrys trading activities, nor his appropriation of customer funds." 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. Reported by Fansided, Globe and Mail journalist Nathan Vanderklippe spoke to Dr. Sharma, who dealt with Cotten when he came into the hospital. firms", "What happens when your bitcoin banker dies? About C$1.2 billion worth of bitcoin was exchanged on Quadriga. Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. Sam, Bangs & Moonshine by Evaline Ness (Holt). 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. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? This was my entire savings, built through ten years of work, said one disgruntled customer in the doc. Their online exchange launched after the first month. Netflix has tried to get to the bottom of things in its, Trust No One depicts Cotten as a nerdy, happy-go-lucky, and charming CEO, who was knee-deep in, reporter that the banks, which didnt trust crypto exchanges, had, The investors found more questions than answers. The dude literally said that comment as a complete joke, and I even . I just prayed. Many believe that Cotten faked his death, however, as part of an exit scam to get away with stealing millions from Quadrigas customers. It just wasnt there. So far, only about $46 million has been recovered. After some more digging, the reporter found an order form filled out by one Gerald Cotten. So the Globe goes to Cottens hospital in India to put the whole fake death thing to bed. [19] Other than a few contractors, it had no employees, offices or bank accounts thereafter. I could have put it in stocks. However, it was eventually discovered that Gerald had transferred all of his belongings to his wife before his death. Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. The OSC. Netflix has tried to get to the bottom of things in its new 90-minute doc; read on to uncover the wild tale of Gerald Cotten. And why did the Indian hospital that treated Cotten misspell his name on his death certificate? 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. "[46] The Official Ontario Securities report on Quadriga is attached here. pic.twitter.com/rGymJ5f9Or. [9][10], The Royal Canadian Mounted Police (RCMP) and the U.S. Federal Bureau of Investigation (FBI) were reportedly investigating the company. [33], Cotten's will was signed 27 November 2018, twelve days before he allegedly died. Thats when the. 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. did gerry and his wife fake his passing and steal the money? Cotten also took flying lessons as he appeared to be possibly preparing for a life on the run. Netflixs latest true crime documentary, Trust No One: The Hunt for the Crypto King, has arrived on the streaming platforms extensive catalog of intriguing documentaries. The business was run from Cotten's encrypted laptop from Cotten's home in Fall River, Nova Scotia. She has also said she has no idea what the passwords are to access sequestered customer funds, and that it wasnt written down anywhere. Angry and suspicious investors congregated on Reddit and Telegram to try to get to the bottom of the mystery. Then, out of the blue, one Mike Patryn joined the Telegram group that investors were using to discuss conspiracies. Netflixs 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. Email us at tech@the-sun.co.uk, Ring removes free perks for millions of users, you'll have pay to get them back, Android users told check for five Google 'danger phrases' don't ignore list, Facebook's hidden list reveals if you're a 'target' for criminals, People are just realizing Apple upgraded the iPhone with 7 life-changing secrets, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, Tong Zou tells his devastating story in new Netflix doc, Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him. [54], A 2021 8-episode podcast entitled Exit Scam followed the buildup of Quadriga, and investigated whether Gerald Cotten had faked his own death. 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. [4] Blockchain analysts have reported that they are unable to find evidence of Quadriga's cold wallets on the blockchain, a public ledger used for cryptocurrencies. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. You get rid of a lot of the regulations, he said on a podcast in 2014. I'm 99% sure he is still alive living nicely. 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. A bitcoin mining operation in Saint Hyacinthe, Quebec. Lawyers representing investors in what BBC. The teen, a bright computer enthusiast from Belleville, Ontario, ran the operation on an online forum called TalkGold . We explain how to spot them. I believe this is the reason why Quadriga could be formed because they made a fortune from Scamming before Quadriga. Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband,. Was a recently-active Skype account proof he was still alive? "What Quadriga really did with the money that customers gave it to buy Bitcoin remains a mystery," according to Chainalysis. [43][44] On 13 December 2019, the court-appointed law firm representing the exchange's former users sent a letter to the RCMP asking that they exhume Cotten's body to confirm his identity and verify a cause of death. Both Canadas tax authorities and the FBI are also investigating the company. April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. Lawyers for customers of an insolvent cryptocurrency exchange have asked police to exhume the body of the companys founder, amid efforts to recover about $190m in Bitcoin which were locked in an online black hole after his death. Rather than pay customers via bank wires, they were told to come to a nondescript building in Laval, Quebec to pick up the cash. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohn's disease. But when co-founder Cotten died during a honeymoon in India, the money was seemingly lost forever. [15] He learned about Bitcoin in Toronto and travelled to Vancouver, British Columbia, where he founded Quadriga in November 2013 with Michael Patryn. The thing about conspiracy theories, though, is that they mutate out of control very quickly, and arent always reflective of the latest evidence. A C$24.7 million disbursement fund has been planned with C$300,000 to go to Cotten's widow, Jennifer Robertson, who advanced that amount to start the court proceedings; C$200,000 will go to Ernst & Young and another C$250,000 to its lawyers; C$229,842 will go to Quadriga's lawyers; and C$17,000 to independent contractors. Sign up for notifications from Insider! Some have speculated his death was a clever ruse and there have been calls to have his body exhumed to prove it was a "fake". Cotten's widow has rarely spoken publicly, but in an affidavit has described herself as being subject to "slanderous comments" over accusations her husband faked his death. Robertsons sister, for the record, doesnt think that Cotten had fabricated his relationship with Jennifer. Browse Locations. Facebook / Remembering Gerry Cotten In the weeks since Quadriga Fintech Solutions Corp. belatedly made his death public, the exchange's furious users have raised questions. He was able to keep the venture, called S&S Investments, going for three months, before it folded and investors money was gone. [17] In June 2017, Quadriga announced that they had lost ethereum worth US$14 million due to a smart contract error. "So far, nothing's been found. It was one of the only games in town [for crypto enthusiasts], Sheona McDonald, who directed the film, told The New York Post. Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. On 10 December, a death certificate was issued by the local municipality as well as a "no objection certificate" from the police to return the body to Nova Scotia. March 30, 2022. 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. "[40][41], Ernst & Young found five Quadriga cold wallet addresses, but they were empty, containing no cryptocurrency since April 2018. I took out three loans from the bank and put it all into crypto. Gerald Cotten. Gerald Cotten, the founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on it. Thats when the Globe started to be convinced that he was dead, after all. While Robertson has possession of the laptop containing the necessary passwords, she remains locked out. Image Credit: CTV Your Morning/YouTube. The doctor stated that while dying from Crohns disease is very rare, Cotten appeared to show signs of illness and suffered from three heart attacks in the same day the paramedics were unable to resuscitate him after his third cardiac arrest. Still, questions about the missing money only mounted when two Globe and Mail reporters followed up on the case. [27] Another payment processor used by Quadriga, Crypto Capital, was named in a civil suit filed by the New York Attorney General in April 2019. 'Trust No One: The Hunt for the Crypto King' will be released sometime in 2022. The documentary follows a group of Quadriga investors turned sleuths who dig into the suspicious death of Cotten and the millions of missing cryptocurrency they believe Cotten stole from them, according to a tweet from Netflix announcing the film. Investors tried to pull their money from Quadriga, but sometimes faced month-long delays. The doctor, reported the Globe, initially diagnosed Cotten with little more than travelers diahrrea, but kept him in hospital just in case. There's also other posts on his Murdoch1337 account that are weird he asks for people to sell him old reddit accounts presumably because he would use these alt accounts to downvote people trying to slander his company or he would make posts on these alts saying how great Quadriga is. [34][35], On 14 January 2019,[36] Quadriga announced that their CEO, Gerald Cotten, had died the month prior from Crohn's disease while doing volunteer work at an orphanage in India. [33] After the exchange was put into maintenance mode for several days in January, they announced on the 31st that they were applying for creditor protection. 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. [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. Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. The couple were on their honeymoon in India, where Jennifer had dreams of opening an orphanage. Is Gerald Cotten really dead? Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. His death certificate spells his name wrong, he was supposedly buried in a closed casket in Canada even though there is no evidence his body was ever moved from India and why would it need to be a closed casket? All that money vanished into the crypto ether and only once investigations occured did people start to think that it may have been a scam all along. Like the end of a classic Ponzi, the OSC said that due to Cottens bad trades, QuadrigaCX couldnt afford to credit customers who withdrew funds. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. It sucks.". Died, and He Had the Passwords", "Pre-filing report of the proposed monitor", "Controversial QuadrigaCX cryptocurrency exchange placed in bankruptcy", "Quadriga Should Shift to Bankruptcy Proceedings, Monitor Says", "FBI Probing Bitcoin Exchange Quadriga Over Missing $136 Million, Source Alleges", "Quadriga: Lawyers for users of bankrupt crypto firm seek exhumation of founder", "How Gerald Cotten built Quadriga and created the ensuing crypto storm", "Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga", "Geek Speak: Gerald Cotton, CEO of Quadriga CX", "Crypto chaos: From Vancouver to Halifax, tracing the mystery of Quadriga's missing millions", "Quadriga's late founder used to store clients' Bitcoin passwords on paper so they wouldn't get lost", "A crypto exchange CEO dies-with the only key to $137 million", "Details emerging about Gerald Cotten, the young founder of QuadrigaCX", "My smart contract just ate $14 millionnow what? roseann ray blunt, ube cake recipe using ube condensed milk, michael moynihan the heights,

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