On Dec. 8, nine days after landing in India and having checked into the luxurious Oberoi Rajvilas Hotel in Jaipur, he was hit with severe stomach pain. 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. April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. Is Gerald Cotten, the late CEO of Canada's largest cryptocurrency exchange QuadrigaCX really dead? Conventionally, the former QuadrigaCX founder only wrote the said will a few weeks after the two exchanged wedding vows. Since January 2018 QuardigaCx is locked due to litigation processor followed by Canadian Bank and $28 million of its assets have been frozen by the Canadian banks. He didnt give enough time. Shortly thereafter, Cottens heart stopped beating. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. The Globe and Mail reported the accounts belonged to QuadrigaCX's "payment processor", Costodian Inc., and its owner, Jose Reyes.". The reason for her sudden disappearance remains a mystery. As a result, where the money went is unknown to this date. We cover breaking news related to Entertainment, Politics, Sports, Movies, Television, Current Affairs, and More. 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,. But no autopsy was performed on Cottens body, so nobody can be sure why, exactly, he died a fact thats encouraged conspiracy theorists who believe that Robertson poisoned her husband or that hes not dead at all. This story has been shared 105,331 times. In an interview with The Globe and Mail, Robertson said: "I love the Gerry that I knew. At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. Her husband Gerald Cotten died suddenly aged 30 on their 2018 honeymoon; . Before leaving, according to Vanity Fair, he bragged about money going further in India than it does in Canada. There was no dead mans switch, which would have sent the codes to a predetermined source in the event that accounts went unopened for a period of days. Review: 'Bitcoin Widow,' by Jennifer Robertson (QuadrigaCX) In January 2019, QuadrigaCX, the largest cryptocurrency exchange in Canada, went belly up after its founder, Gerald Cotten, died under bizarre circumstances in India. In fact, jilted investors have requested to have the body exhumed. 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. The pair were then enjoying their honeymoon in Jaipur, India. He was 30-years-old. The exchange was plunged into turmoil when the ostensible widow of its CEO, 30-year-old Gerald Cotten, announced that her . Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. CIBC had called for the court to take the frozen funds in trust, and conduct its own determination as to its genuine owners. In December 2018, Jennifer and Gerry traveled to Jaipur, India, for their honeymoon. [9][10], Cotten was born and grew up in Ontario, where he attended York University's Schulich School of Business. He was resuscitated twice, but, as Dr. Sharma said, The third time he could not be revived. He was dead. But there were questions regarding Gerrys death and the events surrounding it. They married in Scotland in October 2018. According to the Netflix documentary, at least 110,000 customers were affected. Who Can Access Them? They had been living at a hotel in Jaipur, India, when Gerry came down with an intense stomach ache just days into their holiday. He would tell you that he ran a fabulous Bitcoin exchange, Gerard said. However, a third cardiac arrest resulted in his death at about 7:26 pm. container: 'taboola-below-article-thumbnails-2nd', In 2013 he founded his company Quadriga co-partnering with Michael Patryn. He and his wife [Jennifer] traveled the world. 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. Back in India, the gastroenterologist stated that he couldnt be sure about the diagnosis without the autopsy. Cotten now stands accused of perpetrating an ultra-modern Ponzi scheme, powered by technology and 21st century cunning. . It is actually plausible that he is not dead even though I have no idea how likely that is, he told The Post. He credited fake Quadriga accounts with fake funds but made actual trades by betting on cryptocurrency value. However, one person seemed perfectly flush through all of this: The Talented Mr. Cotten. His condition was so severe that there were few options for treatment. Since Cotten's passing, there have been numerous rumors and conspiracy theories that he is still alive. Gerald Cotten, who was the 30-year-old founder of cryptocurrency trading platform Quadriga CX, died while he was on his honeymoon in India in 2018 The company kept his death secret for a month. One year later, in 2018, the party had (temporarily) fizzled out. Read More: Did QuadrigaCX Users Get Their Money Back? Gerry then spent the night in a private room at the hospital after being diagnosed with acute gastroenteritis. Yet, on October 8, 2019, Gerald Cottens wife returned 12 million Canadian dollars to Quadriga from her husbands estate. _taboola.push({ I took out three loans from the bank and put it all into crypto. 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. Copyright 2017-2018 Free Articles by ecelebritymirror.com, All rights reserved. They wound up at the Fortis Escorts Hospital, a private hospital that offered superior medical service to most of Indias public hospitals. Lawyers representing investors in what BBC. As time went by, the money failed to materialize, with Jennifer stating that she had no access to the cold wallets that stored the cryptocurrency externally. Naturally, people started to question whether the young founder was even dead. ", https://web.archive.org/web/20211001005037/https://marketresearchtelecast.com/patch-me-if-you-can-password-taken-to-the-grave-gone-stupid/117604/, "What are the best true crime podcasts covering a single case? Jennifer also declined CBCs repeated requests for an interview. The status of a request to exhume the body of a cryptocurrency businessman remains a mystery. Netflixs new documentary about Cotten and the mystery of his death, Trust No One: The Hunt for the Crypto King, explores the mystery of Cottens death and the paranoia and conspiracy theories that circulated amongst Quadriga investors about whether or not he might still be alive. It was a terrible, terrible moment., She mostly remained away from the public spotlight apart from interview appearances in January 2022. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. Now years after Cottens death Netlifx has released his story in their Series Crypto King. Cotten grew up in Toronto, Canada, where his parents owned an antique store. Cotten's sudden death in 2018 led to the disappearance of millions of dollars. [15] In the article they reported that an associate of Cotten's, Michael Patryn, had actually been Quadriga's co-founder. By the time Cotten and Patryn launched their company, Quadriga promoting it as a cheap and easy way for people to buy, sell and trade crypto at a time when it was an ordeal for the uninitiated in 2014, they were already well versed in the dark arts. ", 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. Cotten had allegedly told his wife he would create a mechanism that would allow her to access all of his crypto-related passwords should he die but. Trust No One: The Hunt for the Crypto King is streaming on Netflix now. Everything was going well until the press released the news of his death. What Can Be Done To Protect Them? And exhuming the body would be a really huge step. Theyre still waiting. Investors remained inaccessible for withdrawing their Bitcoin because Gerald Cotten was the only sole owner of the encrypted password of the QuardigaCX. 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. So far, Ernst & Young has tracked down just $33-million of the. At one point, there were calls for Cotten's grave to be exhumed for an autopsy to be performed on the body "to confirm both its identity and the cause of death". The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. During 2017, when the exchange was up to speed and running, the currencys value jumped to $13,000. However, Jennifer had claimed in her court documents that she hadreceived threats and slanderous comments. Gerald Cotten did die in India in December 2018. (adsbygoogle = window.adsbygoogle || []).push({}); Munish Sehgal is an Indian writer from Punjab, India. And Cottens funeral had been closed-casket. Se convirti en un empresario de criptomonedas y dirigi el mayor cambio de criptomonedas de Canad, QuadrigaCX, antes de morir en circunstancias extraas en 2018. Jennifer met Gerry in November 2014 on Tinder. He loves to create content on the internet. Hot on the heels of Bad Vegan and The Tinder Swindler, true crime enthusiasts cannot get enough of con artists, fraudsters and multi-million dollar scams. Apart from that, Jennifer is studying to become an elementary school teacher and hopes to graduate soon. According to a court filing, c$180 million was missing, c$250 million was owed to customers and the passcodes for company accounts were known only by Cotten. Cotten is thought to have methodically gone about his "death," naming his wife the sole executor of his estate 12 days before passing, and bequeathing properties from a jointly operated . He was doing well for his company and has earned high goodwill for his company with his lot of efforts. As the crypto market tanked, month by month clients saw their life savings evaporating. So, if youre curious to find out more, weve got you covered. She also believed that their assets were bought from their own money. Her mysterious disappearance has caused a commotion in the media. Contents Gerald Cotten Cause of Death in 2019 Investigations revealed that Cotten . There was some confusion regarding the embalming process because initially, the embalmer didnt accept the body. Talk to them about the future of money, throw in a few buzz words and they believe any garbage., Patryn would soon split after an alleged spat about whether or not to go public. Nonetheless, Jennifer has authored a book. He was the owner of luxury assets like cars, boats, yachts, and private jets. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. As for the death certificate, Gerrys name was misspelled on it, fueling theories about its authenticity and how easy it was to buy fake documents in India. After all, the request came from hotel employees. Heres how it happened. The company gradually grew over the years to amass . Banks did not want to deal with crypto companies. Newsweek has everything you need to know. Yet, on October 8, 2019, Gerald Cottens wife returned 12 million Canadian dollars to Quadriga from her husbands estate. Gerald must be 5 feet and 9 inches tall when he was alive. We can all agree that the cryptocurrency fiasco involving Jennifer Robertsons deceased husband thrust her into the spotlight out of nowhere. Wiki, Wife, Children, Net Worth, Family,, Vijay Sharma (Coach) Wiki Biography, Age, Wife, Family, Career,, Shanaya Khan: Wiki, Age, Husband, Parents, Net worth, Height, Biography, Who is Arulselvi Vivek? He graduated from York in 2010 with a bachelor's degree in business administration. Eventually, an investigation revealed that Gerry had committed fraud using customer money. Wiki, Biography, Age, Wife, Parents,, Akki Kalyan: Wiki, Biography, Age, Wife, Parents, Family, Death Reason,, Who was Al Brown? RESENSIES. Gerry did everything [for the company] from his laptop.. Powered by WordPress.com VIP. Itd be a form of closure for some people.. People wanted to withdraw and they couldnt, said Gerard, explaining that the shortfall was exacerbated by a computer mishap that resulted in $14 million of Ethereum disappearing from Quadriga and by Canadian Imperial Bank of Commerce freezing $21 million of Quadrigas funds due to perceived financial irregularities. Jennifer stating that she had no access to the cold wallets, companys co-founder also had a history of fraudulent behavior. September 27, 2021 by Sunil Chaulagain. Furthermore, Gerry signed his will less than two weeks before his death, leaving all of his assets to Jennifer. He was better known for working on the post of CEO at Quadriga Fintech Solutions. window._taboola = window._taboola || []; Tong Zou, pria berusia 33 asal Kanada, adalah salah satu investor di platform trading cryptocurrency terbesar di Kanada, Quadriga CX. Lindsay Ann Histrop; Valentina Romano (2020-03-06). Home Wiki Gerald Cotten Wife, Death Cause, Wiki, Biography, Net Worth, Age, Parents, Siblings & Facts. People then demanded that his body be exhumed to prove he was truly dead. The couple enjoyed the newfound wealth, traveling to exotic locations and buying properties in addition to a boat and a plane. As McDonald put it, If you dont own your crypto key, you dont own your crypto., She added that cashing out was often problematic for clients. It collapsed in early 2019 after the founder, Gerald Cotten, died in India. Before his death, he also attended the Canada Institute Payment Forum. Height, Wiki, Biography, Birthday, Parents, Girlfriend,, The Eminence In Shadow Season 2 Release Date, Plot, Updates, Who is Anand Giri Maharaj? Mr. Cotten died when he was on a trip to Jaipur, India. 'Trust No One' is a new Netflix documentary that explores the mysterious death of 30-year-old Gerald Cotten, the founder of Canada's largest bitcoin exchange who died suddenly while on his. However, his wife claimed that she had no idea how the founder handled his finances. Exit Scam on Apple Podcasts. Even after getting placed on a ventilator, he couldnt be survived. [20] It is scheduled to premiere in 2022.[21]. The sham ran for three months before shutting down with investors money disappearing. Canada is notorious for having a lot of nice, trustworthy people and a buttload of others who exploit them, Gerard told The Post. This story has been shared 119,476 times. With heavy hearts, we announce the death of Gerald Cotten of Anoka, Minnesota, born in Minneapolis, Minnesota, who passed away on July 28, 2022 at the age of 97. Inklings of dubious behaviour started to surface when he started to frequent the dark web chatroom, TalkGold, a . And Ill carry that shame with me, probably, every single day for the rest of my life.. Cold wallets are distinguished from "hot wallets" in that they are stored on computers that are not connected to the internet, and thus are a much harder target for hackers. He was also a brother of Bradley Cotten. Gerald when died was holding an approx net worth of $140 million USD. Vanity Fair magazine wrote an article about Cotten, in its November 2019 issue. Trust No One: The Hunt for the Crypto King, "Cryptocurrency exchange Quadriga seeks creditor protection after founder's death", https://web.archive.org/web/20190210085354/https://www.thechronicleherald.ca/news/regional/cryptocurrency-exchange-quadriga-seeks-creditor-protection-after-founders-death-281536/, "Quadriga founder's widow moved 4 Nova Scotia properties further from creditors' reach", https://web.archive.org/web/20190207233137/https://www.thechronicleherald.ca/news/local/quadriga-founders-widow-has-four-ns-properties-moved-further-from-creditors-reach-281971/, "Details emerging about Gerald Cotten, the young founder of QuadrigaCX", https://web.archive.org/web/20190210085617/https://www.thechronicleherald.ca/news/canada/details-emerging-about-gerald-cotten-the-young-founder-of-quadrigacx-282555/, "Nothing sinister about bitcoin company CEO's sudden death, friend says", https://web.archive.org/web/20190208233316/https://www.thechronicleherald.ca/news/local/nothing-sinister-about-bitcoin-company-ceos-sudden-death-friend-says-282508/, "QuadrigaCX founder left $9.8m in personal property, over a million in Nova Scotia", https://web.archive.org/web/20190209232144/https://www.thechronicleherald.ca/news/local/quadrigacx-founder-left-98m-in-personal-property-over-a-million-in-nova-scotia-282988/, "Quadriga CEO, whose death ignited a cryptocurrency storm, a kind man with taste for fine things, say friends", https://web.archive.org/web/20190209152552/https://www.cbc.ca/news/canada/british-columbia/quadriga-gerald-cotten-friends-react-to-his-death-in-india-michael-patryn-canada-cryptocurrency-creditors-1.5009625, "Canada: Dealing With Digital Assets On Death: Who Owns Them? With nobody knowing the passwords to Cotten's accounts, none of Quadriga's funds (kept in off-line cold wallets) could be used to pay out its users. Gerald Cotten was the founder of Quadriga CX, once Canada's largest cryptocurrency exchange. However, Gerald Cottens wife quickly intervened and assured the annoyed investors that exhuming her late husbands body would not aid in asset recovery. The Ontario RCMP received the request last . However, no one could be more shocked than the crypto community when they later found out that Gerald was the only person with the passcodes to customer funds. Then, Gerrys body was sent to a local medical college, where the embalming certificate was issued. Is Kristie Mewis Dating the Aussie Star Sam Kerr? How Much Money Did Gerald Cotten Steal? Following the fiasco, Gerald Cottens spouse has vanished off the face of the earth. "A death in Cryptoland". Likewise, the public was not much intrigued about their lives up until Geralds name got tainted by him being a fraud. At around 2:45 pm on December 9, Gerry suffered a cardiac arrest; he was revived twice and put on a ventilator. 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. [7][8], Cotten's death, and the loss of his keys, has been offered as a cautionary tale, when other instances of crypto-currency loss have come to light. was the founder of QuadrigaCX, once Canadas largest cryptocurrency exchange. On November 30 he visited India with his wife Jennifer and first landed in New Delhi on a behalf of Tourist Visa. She is trying to put her life back together and is working as a waitress part-time. container: 'taboola-below-article-thumbnails-3rd', 9 episodes. Netflixs Trust No One: The Hunt for the Crypto King provides an insight into what happened to Gerry and the money that Quadrigas customers had invested on the platform. By December 2018, Bitcoin had dropped to $3,700 still not bad if you bought it early, but terrible for the great majority who got in during the meteoric ascent. | Die verhaal van die "dooie" Crypto King! In February 2019, Jennifer insisted she was not privy to the companys business, asserting that Gerry was solely responsible for its dealings. So, this could be one of the main reasons contributing to her sudden disappearance. Gerald Cotten, a Nova Scotia resident originally from Ontario, was 30 years old when he died suddenly while travelling in India on Dec. 9 -- leaving his virtual company, QuadrigaCX, without. On December 8, 2018, the 30-year-old was rushed to a local hospital sometime in the evening. Jennifer was back in Nova Scotia, Canada, soon after that. He spent money like it was water, said Gerard. Before getting died it is claimed that Gerald Cotten on November 27, 2018, signed a will in which it was stated that after his death his financial assets will be distributed between his wife, parents, and siblings, He stated in his Will that his parents will become the sole owner of his Sailboat and his brother Bradley will become the owner of his private aircraft (Cessna 400.). 2023 Cinemaholic Inc. All rights reserved. At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges.
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