There were legitimate banking issues. April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. But after checking into a Jaipur hotel Gerald complained of stomach pain and then was admitted to Fortis Escort Hospital. Jennifer stressed she had no knowledge of her husbands fraudulent activities and wondered why he did what he did. Dr. Abhishek Sharma, the general manager of the hospital, told VanderKlippe that Cotten was admitted with symptoms of acute gastroenteritis. He proceeded to vomit repeatedly and suffered diarrhea not unusual symptoms for travelers in India. Gerald Cotten the young entrepreneur died due to Crohn's disease while he was celebrating his marriage in India in 2018. The sham ran for three months before shutting down with investors money disappearing. Exploring Sofia Huertas Salary and Career What We Know About Sofia Huertas Boyfriend? In 2019, Quadriga ceased operations and filed for bankruptcy. 2023 BDG Media, Inc. All rights reserved. Cotten didnt have time to enjoy the resort, though: He was feeling sick upon his arrival and would be dead within 24 hours. He and his wife [Jennifer] traveled the world. Some have even questioned whether or not Cotten really died. According to reports, Jennifers husband died of complications with Crohns disease on December 9, 2018. They would bring it to you in shoe boxes or big envelopes, McDonald said. container: 'taboola-right-rail-thumbnails', He was 30-years-old. [6], In 2013, three years after graduation Cotten co-founded QuadrigaCX, a cryptocurrency exchange, with a man known as Mike Patryn.[6][11]. With Amy Castor, Allen Depa, David Gerard, Imroz Maur. She also mentioned that she washeartbroken by such demands. ", 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? In February 2019, Jennifer insisted she was not privy to the companys business, asserting that Gerry was solely responsible for its dealings. _taboola.push({ Tong Zou, pria berusia 33 asal Kanada, adalah salah satu investor di platform trading cryptocurrency terbesar di Kanada, Quadriga CX. The story, as chronicled in a new documentary, Dead Mans Switch: A Crypto Mystery, streaming on Discovery+ Thursday, began in 2014 when Cotten and Michael Patryn launched Quadriga. Leave a sympathy message to the family on the memorial page of Gerald Cotten to pay them a last tribute. Some felt that Gerry taking flying lessons was a way of preparing to live life on the run. Jennifer also declined CBCs repeated requests for an interview. 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 . At the time, Gerry ran QuadrigaCX and profited from Bitcoins astronomical rise in value. Geen resultaat . But there were questions regarding Gerrys death and the events surrounding it. Canada is notorious for having a lot of nice, trustworthy people and a buttload of others who exploit them, Gerard told The Post. Officially, his death was ruled as a result of complications related to Crohn's Disease, a . Few knew, however, that the two partners had already cut their teeth on identity frauds, money laundering, pyramid schemes and other questionable get-rich-quick gambits. He was doing well for his company and has earned high goodwill for his company with his lot of efforts. The Ontario RCMP received the request last . But all of that happened during the good times, when crypto was enjoying its upward surge. Eighteen months after Gerald Cotten, founder and Chief Executive Officer (CEO) of QuadrigaCX, was reported to have died while doing volunteer work at an orphanage in India, and most crypto users . container: 'taboola-below-article-thumbnails-2nd', 2023 Cinemaholic Inc. All rights reserved. The 30-year-old's sudden death from complications of Crohn's disease shocked the crypto world - but many believe he may have faked his demise in an elaborate "exit scam". Netflixs new documentary about Cotten and the mystery of his death. When Bitcoin started crashing before Cotten's death and people tried to withdraw their money all at once, Cotten's company was on track to lose millions of dollars. by Margaux B. Once it was public knowledge, customers who tried to withdraw their funds from the platform could not do so. The mystery of Cottens death was finally put to rest when Nathan VanderKlippe, a journalist at Canadas Globe and Mail, traveled to Jaipur, India, to investigate Cottens death firsthand. Jennifer Robertson and Gerald Cottens wedding took place in Scotland. She later explained it, saying, I hadnt understood how Quadriga had held money in the first place; I thought it was just a trade. Jennifer only knew that she was paid a commission to process payments for QuadrigaCX via a firm set up in her name. Gerry Cotten in Netflix Documentary: The Story of the 'Dead' Crypto King. 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. He was also a brother of Bradley Cotten. But after his death in December 2018 the investor in QuaridgaCX faces a huge loss because $142 million USD Bitcoins got locked in offline wallets that were inaccessible. Furthermore, Gerry had signed his will less than two weeks before his death, signing over all his assets to Jennifer. September 27, 2021 by Sunil Chaulagain. He was sentenced to 18 months in federal prison before being deported to Canada in 2007. There he was diagnosed with septic shock, perforation, peritonitis, and intestinal obstruction. And later died on 9th December 2018 at 2:45 P.m when he suffered from Cardiac arrest. 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. He quickly started. Upon further investigation, it was found that Gerald had no records of any exchange of cryptocurrencies and treated his clients money as his own. According to the documentary, Cotten had long suffered from Crohns disease but kept quiet about it. Wiki, Biography, Age, Wife, Parents,, Akki Kalyan: Wiki, Biography, Age, Wife, Parents, Family, Death Reason,, Who was Al Brown? While Jennifer said she stopped processing payments in 2016, customer receipts showed the firm continued paying customers in 2017. They had been living at a hotel in Jaipur, India, when Gerry came down with an intense stomach ache just days into their holiday. After his wife, Jennifer Robertson, announced his death on Facebook in January 2019, conspiracy theories quickly began circulating amongst Quadriga users who believed Cotten wasnt dead at all, and had in fact pulled an exit scam: faked his own death and dropped off the map, taking the money theyd put into Quadriga with him. "A death in Cryptoland". mode: 'thumbnails-a', When Quadriga CEO Gerald Cotten died suddenly in 2018, the passcodes for his cryptocurrency exchange died with him. And when Cotten, the founder of QuadrigaCX, which now owes more than $260 million in cash and cryptocurrency to thousands of people, first turned his focus to Bitcoin, he found there weren't many ways to buy the cryptocurrency in Canada. 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. Eventually, an investigation revealed that Gerry had committed fraud using customer money. July 18, 2017 Despite his company's recent financial setback, Cotten manages to register his 51-foot yacht, The Gulliver. He had thick sweeps of strawberry-blond hair, boyish enthusiasm and the kind of sunny disposition that made people want to be around him. After Gerry died, no autopsy was conducted, and the body was sent back to the hotel. Yet, on October 8, 2019, Gerald Cottens wife returned 12 million Canadian dollars to Quadriga from her husbands estate. It didnt hurt that Quadriga entered the crypto game at an opportune moment. Gerald Cotten, who was born on May 11th, 1988, was raised in Belleville, Ontario, before relocating to Toronto to enroll at York University's Schulich School of Business. Commentators praised Cotten for this precautionary step, but criticized him for failing to take steps so others at his company could open up the cold wallets if he should die or become incapacitated. A journalist stated, Some people think Gerald is still alive, somewhere hes at the beach, sipping a Mai Tai; hes benefiting from all of the millions that were stolen from investors. 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. [1][2][3][4][5][6] Investors were distressed when told that encrypted digital assets he controlled, for them, could not be accessed, because only he knew the access codes. Lawyers from the firm Miller Thomson asked Canadian police in a letter dated Friday to exhume the body of QuadrigaCX founder Gerald Cotten amid conspiracy theories around his death, which led to . The reason for her sudden disappearance remains a mystery. Let us also find out about the whereabouts of the famous QuadrigaCX founders widow. He would tell you that he ran a fabulous Bitcoin exchange, Gerard said. The closed-casket funeral took place in Halifax, Nova Scotia. Set against the backdrop of the tumultuous and sometimes nefarious world of cryptocurrency, Dead Man's Switch is a feature length documentary, a cautionary tale, about the short life and mysterious death of QuadrigaCX CEO, Gerald Cotten. Geralds death came as a shock and sparked an outpouring of grief. According to his widow, Jennifer Robertson, Cotten was the only one who knew the passwords to QuadrigaCX's offline crypto storage, meaning that digital currency that was worth around $200 . 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. Her husband Gerald Cotten died suddenly aged 30 on their 2018 honeymoon; . mode: 'thumbnails-a', The prospect of a rich young entrepreneur faking his own death and running off with millions is a compelling story it just doesnt happen to be true. Gerald Cotten, 30, died abruptly in December 2018 of complications relating to Crohn's disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. 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. Essentially, Gerry gambled away customer money through trading. Suddenly, though, Cottens condition grew dramatically worse, and he was transferred to intensive care. In 2013 he founded his company Quadriga co-partnering with Michael Patryn. placement: 'Below Article Thumbnails 3rd', He remained successful in exchanging $7.4 million Canadian dollars in Bitcoin through his exchange Quadriga. You transferred them $1,000 and you could see the crypto in your account. Cotten passed away from complications that arose from Crohn's disease while on a honeymoon in Indiaapparently taking some $215 million of customer funds to the grave. Did You Know Soccer Player Crystal Dunns Husband Pierre Soubrier Is A Football Specialist. There was some confusion regarding the embalming process because initially, the embalmer didnt accept the body. She was allowed to keep money, a car, her wedding band, some jewelry, and shares in Quindraga Fintech, among other things. He credited fake Quadriga accounts with fake funds but made actual trades by betting on cryptocurrency value. 9 episodes. Trust No One: The Hunt for the Crypto King delves into the circumstances surrounding Gerrys death and what happened to the company after that. What Does Lindsey Horans Boyfriend Tyler Heaps Do For a Living? Bekyk alle uitslae . Since Cotten's passing, there have been numerous rumors and conspiracy theories that he is still alive. At least, that was the case for Vancouver-based exchange QuadrigaCX. [13] In spite of the hospital's efforts, he went through a septic shock and had several cardiac arrests, dying, finally, on December 9, 2018. Cotten In 2013 was looking for a programmer to help him create a bitcoin marketplace using the account name Murdoch1337 on a BlackHat Forum and this account was last seen active in August 2019 at this point he should have been "dead" for a long time. Around 75,000 customers of Cottens QuadrigaCX crypto exchange suddenly lost fortunes they had earmarked for everything from tuition to retirement funds, life savings and mortgages. 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. Gerald Cotten, and his wife, Jennifer Robertson, in India, shortly before his death. His sudden death, according to. He there faced a serious complication of Crohns disease. According to one of our sources when he died he was the only sole owner of the private keys and passwords to the QuardigaCX crypto exchange. His friends described him as him being 'very nerdy' and an introverted kid who struggled to fit in. (adsbygoogle = window.adsbygoogle || []).push({}); Gerald Cotten was the founder of QuadrigaCX, once Canadas largest cryptocurrency exchange. 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. . It was then revealed that Gerry presumably happened to be the only person with access to the digital keys to the cold wallets that held the cryptocurrency. They were to sponsor an orphanage in the country as well. Gerald Cotten is still alive (proof) I remember exactly 2 and a half weeks ago, someone on this subreddit that was jokingly talking about gerald said "Watch Quadriga say that they can't access cold wallets because Gerald died and he was the only one with access to the keys".