Proof Of Death: QuadrigaCX Creditors Want Former CEO Gerald Cotton Body Exhumed

The law firm that represents the users of the collapsed QuadrigaCX crypto exchange have asked the investigating authorities to confirm the death of former CEO by exhuming and conducting forensic investigations of his body, CoinDesk reports.

The law firm known as Miller Thompson sent a letter asking the Royal Canadian Mounted Police (RCMP) to exhume and carry out forensic on the body belonging to Gerald Cotten. The letter states,

“The purpose of this letter is to request, on behalf of the Affected Users, that the Royal Canadian Mounted Police (the ‘RCMP’), conduct an exhumation and post-mortem autopsy on the body of Gerald Cotten to confirm both its identity and the cause of death given the questionable circumstances surrounding Mr. Cotten’s death and the significant losses of Affected Users.”

Cotten’s death was hidden from the public for more than a month, but QuadrigaCX still accepted deposits but some customers were not allowed to withdraw their funds within that period.

Later, Cotten’s wife, Jennifer Robertson, announced his demise in QuadrigaCX website upon which it went offline. She then proceeded to file for creditor protection explaining that her husband was the only person who held the private keys for the crypto exchange’s cold wallets. She went ahead to state that Cotten was the only person who had access to the exchange’s crypto holdings.

However, the court-appointed Ernst & Young as a monitor which went ahead to conduct an investigation and revealed that QuadrigaCX wallets had zero crypto holdings. The investigation also showed that the majority of the funds had been moved to different exchanges and private wallets. It was also revealed that the CEO had already used some of the funds deposited in QuadrigaCX.

Cotten’s death raised lots of eyebrows given that his wife indicated that he died of Crohn’s disease which is not fatal. In addition, he allegedly died in India and his death certificate issued misspelled his name.

 

According to the CoinDesk report the law firm is requesting for the exhumation to be expedited and the entire process be completed before the end of the next Spring season due to decomposition concerns.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Joseph Kibe
Joseph Kibe
Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,469FansLike
2,795FollowersFollow
4,234FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi App Aave Creates First Credit Delegation Loan to DeversiFi Decentralized Exchange

DeFi lending platform, Aave completes its first-ever ‘credit delegation’ as DeversiFi borrows over $230,000 without posting collateral. The service agreement was signed on...

Bitcoin Futures Trading at a High Premium; Already Hitting $12,000 on CME

Bitcoin has yet again gained momentum, with people expecting for $12k to hit soon. According to analyst Mati Greenspan, for a sustainable rally, a...

Polkadot (DOT) Launches The First Parachain Implementation Testnet, Rococo

Polkadot introduces parachain functionality with Rococo testnet, a Proof of Authority (PoA) network, allowing users to send direct messages to the Relay Chain and...

Bitcoin Self-Custody Provider Casa Now Allows Users to Buy BTC via Apple Pay

Bitcoin self custody service provider, Casa now allows its customers to buy and hold their own bitcoin. Selling BTC is not supported yet. According...

Four Top Chinese State-Owned Banks Are Testing The Chinese Digital Yuan Project (DCEP)

In an unconfirmed report, four Chinese state-owned banks are gradually testing the ‘digital renminbi’ wallet app and Digital Currency/Electronic Payment (DCEP) system in different...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today