His parents owned an antiques store; Cotten decided to go into crypto. In 2010 he graduated with a bachelors degree in business administration from an honors program at York Universitys Schulich School of Business in Toronto. A month passed before Robertson announced on Quadrigas Facebook page that Cotten had died. About 76,000 individuals held accounts on Quadriga, and some of the most technically sophisticated of them were out hundreds of thousands of dollars or more. Its object was not to track down every lost Bitcoin but to maximize the pot of money that could be returned to Quadrigas creditors. The chat group Quadriga Uncovered has nearly 500 members, many of them creditors who use the forum to discuss details of the claims process and share revelations and theories about the case. And I'll carry that shame with me, probably, every single day for the rest of my life," she said. Quadrigas corporate accounts did trade tens of millions of dollars worth of Bitcoin with accounts connected to known Ponzi schemes and illegal marketplaces. He was 30-years-old. She wanted to sell the Gulliver. He was a founder and the CEO of Quadriga, Canadas dominant Bitcoin exchangesomething like TD Ameritrade for cryptocurrency. When Quadriga CEO Gerald Cotten died suddenly in 2018, the passcodes for his cryptocurrency exchange died with him. He was driven to a private hospital and diagnosed with acute gastroenteritis. Netflixs Trust No One: The Hunt for the Crypto King delves into the circumstances surrounding Gerrys death and what happened to the company after that. After he squandered what remained in Quadrigas coffers, the price of Bitcoin plunged, and there was a run on the exchange. On Dec.1, 2016, Nova Scotia's Royal Gazette announced she was changing her name from Jennifer Kathleen Margaret Griffith to her current name, Jennifer Kathleen Margaret Robertson. The yacht salesman had questions, though it was not his job to ask questions. Hes what youd call, says Mueller, a real motherfucker.. As Quadriga customers tried to pull their money from the exchange, they were met with long waits to access their funds. They asked me about 20 times if he was alive, says one witness who has intimate knowledge of Quadrigas workings and has been questioned by both agencies. Im Mike. Under the Mastermind Theory, Cotten ran Quadriga much as he had S&S Investments and its successors, honoring enough withdrawal requests to maintain credibility. "I just really hated the questions, like, it seemed that I should have known," Robertson told CBC's Andrew Chang. If the Mastermind Theory seems far-fetched, its worth pointing out that an exit scam can only succeed if it seems far-fetched. They wanted answers. So, if youre curious to find out more, weve got you covered. Quadrigas entire board resigned, leaving Cotten as Quadrigas only full-time employee. After his release in 2007, he was deported to Canada. Flickering banner ads for investments in precious metals and foreign exchange funds and real offshore returns buffered message boards offering something for everyone: scammers, marks, and those who belonged to both categories. Creditors began to ask questions online about the authenticity of the formal documents in a country notorious for the ease at which falsified documents can be purchased, particularly after they learned that the death certificate misspelled Cottens name, and that the former chairman and managing director of the company that ran the hospital had been convicted of financial fraud two months earlier. Jennifer Robertson, Cotten's widow, said her husband moved most of the digital assets to cold storage, and experts she brought in to try to hack into his other computers and mobile phone met . The will made no mention of the external hard drives, called cold wallets, in which Cotten had stored most of Quadrigas funds. Why did Robertson wait a month to notify investors of his death? GROWING PAINS In October 2013, Cotten placed a job posting on an online forum, BlackHatWorld, that marketed frauds and stolen goods. They always end our conversations with that question. QCXINT, the creditor and blockchain expert, said that the FBIs Vander Veer told him that with hundreds of millions of dollars missing and no body, its an open question. The only way to verify that the body Robertson brought home from India was Cotten is to exhume it. But within a month after Cottens reported death, blockchain investigators proved that nearly all of the inaccessible wallets were empty. And Ill carry that shame with me, probably, every single day for the rest of my life.. Gerry stopped running the company legally and ethically from a filing standpoint after all of the employees, directors and officers left in January 2016, he wrote recently. Sign up for our daily Hive newsletter and never miss a story. But in February 2018, his. While I warned people privately, I wasnt shouting it from the rooftops. Sure, he said. A podcast about the collapse of the crypto exchange Quadriga after the death of its founder in India. Midas Gold, which had begun to accept Bitcoin, was seized too. Robertson maintains she knew little about the company's inner workings, and largely did as she was told. The announcement followed news that Gerald Cotten, the company's 30-year-old CEO, had reportedly died under peculiar circumstances the month before, while on his honeymoon in India.
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