Quadriga: Attorneys for customers of bankrupt crypto agency search exhumation of founder

Gerald CottenPicture copyright
Fb/Quadriga

Picture caption

Gerald Cotten was the one one who had passwords to QuadrigaCX digital wallets


Attorneys representing customers of bankrupt cryptocurrency trade QuadrigaCX are asking Canadian authorities to exhume the physique of its founder.

They are saying they need an exhumation given “questionable circumstances” surrounding his loss of life.


Gerald Cotten died abruptly final yr in India from problems associated to Crohn’s illness.

Following his loss of life, the trade was unable to find or safe important cryptocurrency reserves.

When he died, the 30-year-old founder was the one one who had passwords to digital wallets containing C$180 million ($137m; £105m) in cryptocurrencies.

His premature loss of life pressured the closure of QuadrigaCX, which had some 115,000 customers on the time.

On-line rumours have circulated since, speculating that Cotten faked his personal loss of life and sought to abscond with the funds, although no proof of such a scheme has been revealed within the yr since he died.

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On Friday, the authorized workforce representing customers of the platform within the chapter proceedings despatched a letter to the Royal Canadian Mounted Police in search of an exhumation and autopsy post-mortem be carried out on Cotten’s physique “to verify each its id and the reason for loss of life”.

They are saying info revealed through the proceedings “additional spotlight the necessity for certainty across the query of whether or not Mr Cotten is in truth deceased”.

Earlier this yr, a report by auditor Ernst & Younger discovered important issues in how the trade was managed, together with discovering that Cotten created sure accounts on the Quadriga platform beneath aliases that will have been used to commerce on the trade.

It was additionally discovered that substantial funds have been transferred to Cotten personally and to different associated events.

The auditor managed to retrieve roughly C$33m in lacking funds.

It confirmed in August it was conscious of “no less than 4 impartial lively regulation enforcement or regulatory evaluations in progress” associated to the platform’s demise, which incorporates the US Federal Bureau of Investigation.

In a press release despatched by means of her lawyer on Friday, Cotten’s widow stated she “is heartbroken to study of this request”.

Jennifer Robertson stated her late husband’s loss of life “shouldn’t be unsure”, including it’s unclear how its affirmation “would help the asset restoration course of additional”.