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Gerald Cotten, who was born on May 11th, 1988, was raised in Belleville, Ontario, before relocating to Toronto to enroll at York University's Schulich School of Business. Dying from Crohn's disease when only 1.6% of sufferers from this disease die of it and to happen to die from . Jilted investors in a defunct cryptocurrency company want to confirm the death of the business's founder by exhuming his remains. Indeed, QuadrigaCX launched just three months after sceptre put out a call to build a crypto exchange. 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". 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. [54], A 2021 8-episode podcast entitled Exit Scam followed the buildup of Quadriga, and investigated whether Gerald Cotten had faked his own death. started to be convinced that he was dead, after all. #GeraldCotten #QuadrigaCX #Netflix #truecrime #wherearetheynow #gerrycotten #crypto #fraud #docuseries #truestory #biography #whathappenedto ------------------------------------IN THIS VIDEO:Sierra Walker ------------------------------------PRODUCER \u0026 FILMED BY:Chris Stiuso------------------------------------VIDEO EDITED BY:Brianna Raakman: https://www.instagram.com/brianna_raakman/ Shortly after, the exchange stopped working entirely. A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. #GeraldCottenReallyDead #GeraldCottenStillAliveGerald Cotten Really Dead ? 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." Gerald Cotten Still Alive ? It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020. 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,. Gerald Cotten is still alive (proof) I remember exactly 2 and a half weeks ago, someone on this subreddit that was jokingly talking about gerald said "Watch Quadriga say that they can't access cold wallets because Gerald died and he was the only one with access to the keys". He was 30-years-old. She had accompanied him to a hospital in Jaipur the previous day and he was diagnosed with septic shock, perforation, peritonitis, and intestinal obstruction. Exit Scam host Aaron Lammer told CoinDesk: "My read was that, on some level, Gerry was addicted to scamming, "Addicted to stealing peoples money. Want to bookmark your favourite articles and stories to read or reference later? One source in the doco goes as far as to claim Cotton may have used a substance known as "Haitian zombie powder" to fake his death. And for some, things still looked suspicious. You get rid of a lot of the regulations, he said on a podcast in 2014. The business was run from Cotten's encrypted laptop from Cotten's home in Fall River, Nova Scotia. He is believed to have scooped around around $115million in crypto from his own accounts and put them into high risk financial bets - many of which crashed, costing him more money than Quadriga ever actually made. [33], Cotten's will was signed 27 November 2018, twelve days before he allegedly died. Sam, Bangs & Moonshine by Evaline Ness (Holt). His death certificate was issued by the Indian authorities and contains an incorrect spelling of his name. [17][20], In 2017, Bitcoin experienced a speculative frenzy rising in price from about US$1,000 to almost US$20,000. Overcast with rain showers at times. Gerald Cleophas Betzen, 68. And who dies from Crohns disease at 24 years old? Some also believe that Gerald isnt even dead at all but rather hiding away with the hundreds of millions of dollars he controlled. Quadriga started by doing only local trades. [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. The user said that he left the company in 2016, and that the company was legitimate at the time. I'm 99% sure he is still alive living nicely. Gerald Cotten had an estimated net worth of $80 million at the time of his death. In court filings, it was revealed that Mr Cottens email was listed as Midas Golds contact. Trust No One: The Hunt for the Crypto King is now streaming on Netflix. Gerald Cotten was 15 when he ran his first documented get-rich-quick scheme. Gerald Gerry Cotten is the founder of Canadian cryptocurrency exchange Quadriga Fintech Solutions and is at the helm of a groundbreaking investment scam that the Netflix documentary investigates. Forensic accountants discovered that Gerry was trading against fake users, crediting their account with fake currencies and pocketing the cash, using the proceeds to play the crypto market. , 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. Like other crypto-exchanges, Quadriga kept its funds in so-called cold wallets, digital storage devices not connected to the internet, which are safe from hacking. The only catch: only Gerry knew the passwords to the companys crypto-vaults. Now . Jennifer RobertsonGerry Cotten,. His body was repatriated to Canada and a funeral was held in Halifax, Nova Scotia. He and his wife, Jennifer Robertson, jetted all over the world on private planes, visiting chic locales in Paris, Hawaii, and Morocco. Then the Ontario Securities Commission opened an investigation. CRYPTO scams are popping up all over the internet. It apparently had no formal accounting system. However, it was eventually discovered that Gerald had transferred all of his belongings to his wife before his death. I think there were a couple years when it ran legitimately I dont think Gerry could have imagined a future with money pouring in the way it eventually did.. No longer a likable nerd, investors thought that Gerald, now sceptre, had been operating scams since he was 15. "So far, nothing's been found. [6], Ernst & Young was appointed as an independent monitor while Quadriga was granted temporary legal protection from its creditors under the Companies' Creditors Arrangement Act. lets break it all down. [9][10], The Royal Canadian Mounted Police (RCMP) and the U.S. Federal Bureau of Investigation (FBI) were reportedly investigating the company. Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). thinks that Gerald is deadnor did he ever meet his wife. About C$1.2 billion worth of bitcoin was exchanged on Quadriga. His clients were locked out of about $250 million, and investigators later. A 33-YEAR-OLD man lost his life savings after getting involved with a cryptocurrency trader who died, taking the password to access funds to the grave. His body was embalmed and sent back to Canada for a closed-casket funeral. Cotten was young, energetic, passionate about cryptocurrency so when. Given the intrigue, some went so far as to question whether Mr Cotten had really died and demanded his body be exhumed. The couple were on their honeymoon in India, where Jennifer had dreams of opening an orphanage. His death left investors locked out of their money and left Jennifer Robertson, Gerry's wife . There were other problems around that time. Have something to tell us about this article? 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. There was no way of getting my money back. He passed away in 2018 with the secret of $250 million. It left Robertson the entire C$9.6-million estate and named her as the trustee. He appointed his wife as the executor of his estate, handing over a $9million real estate empire, his yacht and his Cessna plane - and he even left his two dogs an inheritance of $100,000. "Trust No One: The Hunt for the Crypto King". Then it emerged that Jennifer had legally changed her name three times in the past few years, and a man sharing one of her former last names was at the center of an unsolved murder case. My sisters not a liar.. Fake trading: I'm almost certain that he was trading with fake crypto, Chris Markay was one of the accounts that Cotten used to trade his "crypto" he also is known to have other aliases Sceptre Gerry, Aretwo Deetwo and Seethree Peaohh. By clicking Sign up, you agree to receive marketing emails from Insider Customers have since struggled to regain access to their money, citing withdrawl issues and lack of communication from the company. 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? Access your favorite topics in a personalized feed while you're on the go. Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. Many believe that Cotten faked his death, however, as part of an exit scam to get away with. Its pretty much money by people for people.. He graduated from York in 2010 with a bachelor's degree in business administration. While Robertson has possession of the laptop containing the necessary passwords, she remains locked out. Jennifer, scared for her safety, entered a safe house. [32] It also stated that Quadriga has 363,000 registered users and a sum of C$250 million is owed to 115,000 affected users. And, wildly, was Jennifer, his wife, even real? And, wildly, was Jennifer, his wife, even. Gerald Cotten was the founder of one of Canada's largest cryptocurrency exchanges, Quadriga CX. [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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. It essentially removes the need for a central authority. I took out three loans from the bank and put it all into crypto. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? Wood ordered a "30-day stay that precludes filing of claims against Quadriga", which is a temporary legal protection from its creditors under the Companies' Creditors Arrangement Act, a legal status that allows insolvent corporations to restructure their business and financial affairs. So far, only about $46 million has been recovered. Cryptocurrency investors locked out of $190m after exchange founder dies, Original reporting and incisive analysis, direct from the Guardian every morning. So his spiral down into a life of crime was either pure greed or him seeking the thrill. I personally believe that Cotten is not dead but I would like to hear from people who know more than me about this topic and what they think about the situation. 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. 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. Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). [33] Aaron Matthews served as Director of Operations. The OSC tugged on the same thread, but neither could get hold of him. The OSC. But pour in it did. The company's CEO and founder, Gerald William Cotten, allegedly died in 2018 after traveling to India. Gerald Cotten is allegedly meant to have died from Crohn's disease after the exchange crashed. 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.. 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. Image Source: Social Media. - Watch Full Details ! 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.