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

Daniel Fowler
December 16, 2019

Cotten, co-founder and CEO of Quadriga, died of complications in December 2018 arising from Crohn's Disease while travelling in India, the company said on Facebook.

Lawyers representing users of the collapsed Quadriga CX cryptocurrency exchange platform are requesting check if the grave of its later founder.

Cotten was the sole person having access to the passwords to QuadrigaCX digital wallets.

Miller Thomson LLP wrote to the Royal Canadian Mounted Police asking that they "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".

Since Cotten was the only person who had the access and the permissions required to obtain the company's crypto funds, QuadrigaCX was unable to do so.

Only the minimum funds needed day-to-day are stored in a "hot wallet", with the bulk of investment funds held offline in cold storage.

"The laptop computer from which [Mr Cotten] carried out the companies' business is encrypted and I do not know the password or recovery key".

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Lawyers for customers who've lost vast amounts when you look at the personal bankruptcy associated with cryptocurrency exchange QuadrigaCX have officially required the RCMP to unearth the keeps of this company's creator.

It was also found that substantial funds were transferred to Mr Cotten personally and to other related parties.

The auditor managed to retrieve approximately C$33m in missing funds.

Gerald Cotten, founder of QuadrigaCX suspiciously died previous year due to Crohn's disease.

"Counsel respectfully requests that this process be completed by spring of 2020, given decomposition concerns", according to the letter, which is addressed to the commercial crimes branch of the Royal Canadian Mounted Police in Ottawa.

In a statement sent through her lawyer on Friday, Cotten's widow said she "is heartbroken to learn of this request".

The goal 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. The firm was able to recover $24 million in fiat cash and $9 million in digital assets that were under the possession of Jennifer Robertson.

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