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Gerald Cotten, 30, held the virtual keys to a whopping $137 . Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. We pay for your stories! Supposedly, Cottens business associates didnt even know he was married. It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020. Premieres in 2022 pic.twitter.com/rP9iFJHkWm. [17], In 2016, Cotten became the sole director of Quadriga when all the other directors resigned. , and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. Even today, some investors remain unconvinced that Cotten really is dead. Business picked up when Bitcoin hit the big time in 2017, reaching prices close to $20,000. The company raised C$850,000 but cancelled plans to list on the exchange in early 2016. 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, Jennifer Robertson, tells her side of the story.#Quadriga #GeraldCotten #BitcoinWatch The National live on YouTube Sunday-Friday at 9 p.m. ETSubscribe to The National: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1Connect with The National online:Facebook | https://www.facebook.com/thenationalTwitter | https://twitter.com/CBCTheNationalInstagram | https://www.instagram.com/cbcthenationalMore from CBC News | https://www.cbc.ca/newsThe National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa. firms", "What happens when your bitcoin banker dies? "You appear dead for a few days, until you get the cure," the source said. Likewise, the public was not much intrigued about their lives up until . I didnt know that Gerry was married, he says. And, wildly, was Jennifer, his wife, even real? Cryptocurrency investors locked out of $190m after exchange founder dies, Original reporting and incisive analysis, direct from the Guardian every morning. There's a small chance that someone was investigating his old accounts and that they accessed his BlackHat but it's very unlikely. Where is Gerald Cotten now from Netflix's Hunt for the Crypto - HITC Jilted investors of Cotton's crypto firm QuadrigaCX have demanded his corpse be exhumed and tests run to confirm its his body. The crypto entrepreneur bought increasingly lavish purchases: a $600,000 yacht, a high-end Lexus, 17 homes in Canada, a plane. Gerald Cotten, the founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on it. On this Wikipedia the language links are at the top of the page across from the article title. November 28, 2022 by Nurudeen. NOW WATCH: Netflix is headed for a huge profit milestone in 2018, Personal Finance Insider's picks for best cryptocurrency exchanges. Citing decomposition concerns, lawyers requested the exhumation be completed no later than spring 2020. The funeral, according to a Redditor claiming to be a contractor for QuadrigaCX, said that it was a closed-casket affair, and that Jennifer was fake grieving and dancing at the funeral to bacchanalian excess, and even kicked out Geralds family. But even the forensic accountants only managed to trace $46 million of the total $215 million customers had deposited onto the exchange. The circumstances are dodgy that they chose to honeymoon to India and he suddenly dies from complications of Crohn's disease. Netflix's 'Trust No One': Who Was QuadrigaCX CEO Gerald Cotten? "[40][41], Ernst & Young found five Quadriga cold wallet addresses, but they were empty, containing no cryptocurrency since April 2018. On 10 December, a death certificate was issued by the local municipality as well as a "no objection certificate" from the police to return the body to Nova Scotia. He was 30-years-old at the time of his death. There's also other posts on his Murdoch1337 account that are weird he asks for people to sell him old reddit accounts presumably because he would use these alt accounts to downvote people trying to slander his company or he would make posts on these alts saying how great Quadriga is. , one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. Cbc.ca. [47], Gerald Cotten's widow has maintained that she knew nothing about her husband's activities and agreed to forfeit $12 million in assets. I didnt know that Gerry was married, he says. Cotten also took flying lessons as he appeared to be possibly preparing for a life on the run. Gerald Cotten Really Dead ? Gerald Cotten Still Alive ? - Watch Full The user said that he left the company in 2016, and that the company was legitimate at the time. The thing about conspiracy theories, though, is that they mutate out of control very quickly, and arent always reflective of the latest evidence. Cops believe that Quadriga CX was actually an wide-ranging Ponzi scheme - and Cotten would use fake accounts under the name "Chris Markay" to "buy" his customers Bitcoin using fake cash. "At that time, there was nothing I could do. Resides in Beverly Hills, CA. A bitcoin mining operation in Saint Hyacinthe, Quebec. [4] Blockchain analysts have reported that they are unable to find evidence of Quadriga's cold wallets on the blockchain, a public ledger used for cryptocurrencies. Some speculate that Cotten, who suffered with Crohn's disease, might actually be alive. And, wildly, was Jennifer, his wife, even. Quadriga had four employees in 2015 with offices in Vancouver and Toronto, but ran out of money by June 2015. "So far, nothing's been found. So far, only about $46 million has been recovered. There was no autopsy on the body, for instance, and Cotten had signed his will two weeks after he diedleaving his riches to Jennifer. Either the funds were never received or quickly went missing. Official investigations into the matter have yet to produce any definitive answers. Gerald Cotten was 15 when he ran his first documented get-rich-quick scheme. It just wasnt there. Access your favorite topics in a personalized feed while you're on the go. [7] Meanwhile, in order to manage the finances of the company during the process, a third-party monitor, Ernst & Young, was appointed. The two first met in November 2014 and had been together for some time before tying the knot in October 2018. Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange.In 2019 the exchange ceased operations and the company filed for bankruptcy with C$215.7 million in liabilities and about C$28 million in assets.. A computer issue wiped $14 million of Ethereum off the exchange. He hopes the Netflix doc will get authorities to "move their asses and do something about it" but also to raise awareness "so it doesn't happen to other people". Gerald Cotten Still Alive ? March 30, 2022. He passed away in 2018 with the secret of $250 million. started to be convinced that he was dead, after all. [43][44] On 13 December 2019, the court-appointed law firm representing the exchange's former users sent a letter to the RCMP asking that they exhume Cotten's body to confirm his identity and verify a cause of death. Stay up to date with what you want to know. [9][10], The Royal Canadian Mounted Police (RCMP) and the U.S. Federal Bureau of Investigation (FBI) were reportedly investigating the company. In November 2018 the case was decided with the accounts going to the court to decide the ownership individually. His death certificate was issued by the Indian authorities and contains an incorrect spelling of his name. Cotten passed away from complications that arose from Crohns disease while on a honeymoon in Indiaapparently taking some $215 million of customer funds to the grave. [16] In 2014 only C$7.4 million worth of bitcoin were exchanged on Quadriga. Jennifer, scared for her safety, entered a safe house. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohn's disease. Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband,. They reported that Jennifer said she couldnt get into Cottens laptops, and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. What Happened to Jennifer Robertson and Where Is Gerald Cotten's Wife Now? It left Robertson the entire C$9.6-million estate and named her as the trustee. We just send money from our Bitcoin app directly to those paper wallets, and keep it safe that way. ", He added: "We thought we were looking for basically a rich guy who had stolen money, Now either [Cotten is] dead, or if hes alive, hes a gambling addict whos broke.". [38][39], According to some of Cotten's family members, there was a crypto "Dead man's switch" that would provide Quadriga with operating information in the event of his death; however, "neither the monitor nor others involved with the organization are aware of a dead-man switch email having been received. Cotton's sudden death from complications of Crohn's disease aged 30 shocked the crypto world - but many believe he may have faked his death in an elaborate "exit scam". Quadriga CX was left owning its 76,000 investors around $215million (CAD). 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. A Canadian bank froze another $21 million of funds. Photo by Gaetano Cessati on Unsplash. Some 76,000 investors like Zou collectively lost out. Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange. But, due to the strict security of crypto, we may never know. In court filings, it was revealed that Mr Cottens email was listed as Midas Golds contact. But Bitcoin crashed at the end of 2018, and Cottens flashy lifestyle needed cash to sustain itself. [11] Lawyers for the customers of the exchange have asked that Cotten's body be exhumed.[12]. Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. [31], Robertson filed an affidavit on behalf of the company which included a "Statement of Death" for Cotten, filed in Halifax, Nova Scotia, on 12 December 2018. Gerald died while on a honeymoon with his wife Jennifer in India, Cotten has been recast since his death as a thrill-seeking scammer, Michael Patryn - real name Omar Dhanani - had previously been convicted of identity fraud, Bitcoin miner electrocuted to death by his computer after forcing it to churn out endless amounts of crypto. "It just makes me more depressed about it," Zou told Sky News. Rather than pay customers via bank wires, they were told to come to a nondescript building in Laval, Quebec to pick up the cash. The dude literally said that comment as a complete joke, and I even . #GeraldCotten #QuadrigaCX #Netflix #truecrime #wherearetheynow #gerrycotten #crypto #fraud #docuseries #truestory #biography #whathappenedto ------------------------------------IN THIS VIDEO:Sierra Walker ------------------------------------PRODUCER \u0026 FILMED BY:Chris Stiuso------------------------------------VIDEO EDITED BY:Brianna Raakman: https://www.instagram.com/brianna_raakman/ The Netflix documentary will follow investors-turned-investigators looking into theories on the founder's sudden death. Since his death, Cotten has been recast as a habitual scammer who would enjoy the thrill of knowing he was duping his customers and investors. Now Cottens jet-set lifestyle looked suspicious. Bankruptcy trustees have managed to recover around $34million from Quadriga and $12million in assests from Cotten's estate - but the rest remains locked away in the digital world of crypto. The doctor stated that while dying from Crohns disease is very rare, Cotten appeared to show signs of illness and suffered from three heart attacks in the same day the paramedics were unable to resuscitate him after his third cardiac arrest. Mom 'stabs 3 of her kids to death and wounds 2 others in unsupervised visit', Daughter of murdered couple linked to Delphi case reveals paranoia, Serena Williams stepmom's debts continue to spiral amid crumbling home battle, Alex Murdaugh looks unrecognizable in new mugshot hours after sentencing, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP. 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. Thats when the. How Gerald Cotten, the "Crypto King," Really Died - Bustle [21], Throughout 2018, as Bitcoin prices crashed, customers of the exchange reported delays when attempting to withdraw dollars. Jilted investors in a defunct cryptocurrency company want to confirm the death of the business's founder by exhuming his remains. Finally, the OSC discovered something that cracked the case wide open. All that money vanished into the crypto ether and only once investigations occured did people start to think that it may have been a scam all along. "[18], The company tried to raise money and list on the Canadian Securities Exchange (CSE) working with Patryn. The young entrepreneur seemed to be at the height of his success, traveling around the world with his wife, Jennifer, and leading a jet-setting lifestyle. Both Canadas tax authorities and the FBI are also investigating the company. Have something to tell us about this article? [33] After the exchange was put into maintenance mode for several days in January, they announced on the 31st that they were applying for creditor protection. The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. 5 But Cotten was a bad trader: losing money hand over fist, he gambled away about $150 million of customer funds. Netflixs documentary definitely seems to be in the corner that Cotten did die, despite the mystery surrounding his death. The OSC found that after 2016, QuadrigaCX stopped producing consistent data about its holdings, and that large volumes of cryptocurrencies were being sent to foreign crypto exchanges. Netflix has tried to get to the bottom of things in its new 90-minute doc; read on to uncover the wild tale of Gerald Cotten. No one but him can access accounts, he ran a whole market on a laptop by himself with no other employees or partners anymore so only he could access it and he suddenly dies when he would be in massive debt for delayed payments and would likely be convicted for fraud or money laundering. Some have speculated his death was a clever ruse and there have been calls to have his body exhumed to prove it was a "fake". ^ "Quadriga CEO's widow speaks out over his death and the missing crypto millions". Despite no concrete evidenceindeed, the murdered mans first name was not the same as Robertsons ex-husband, some angry investors lobbed death threats at Jennifer, convinced that she had murdered Cotten, too. I personally believe that Cotten is not dead but I would like to hear from people who know more than me about this topic and what they think about the situation. About C$1.2 billion worth of bitcoin was exchanged on Quadriga. "I kept asking them: Where's my money? His will was signed off just two weeks before he and wife Jennifer Robertson travelled to India on their honeymoon. The accounting firm Ernst & Young, tasked with auditing the company as it undergoes bankruptcy proceedings, discovered numerous money-losing trades executed by Cotten, using customers funds. Though some dont believe Mr Cotten is really gone, the money from Quadriga is. Quadriga's customers are owed C$260 million in cryptocurrency and cash. Is Gerald Cotten really dead? thinks that Gerald is deadnor did he ever meet his wife. [52], The CBC released a 6-episode podcast about Quadriga and the death of its founder called A Death in Cryptoland. 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. Was he avoiding something or someone? [17] In June 2017, Quadriga announced that they had lost ethereum worth US$14 million due to a smart contract error. No longer a likable nerd, investors thought that Gerald, now sceptre, had been operating scams since he was 15. And meanwhile, Dead Man's Switch director Sheona McDonald said: "There's only two people who really know what happened in India.". Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. Was, whom employees described as a macho, terrifying character, that Patryn was involved in a money-laundering ring under a different name, Then, out of the blue, one Mike Patryn joined the Telegram group that investors were using to discuss conspiracies. So what exactly happened to Cotten, and is he still alive somewhere sitting on a mountain of stolen crypto? CIBC stated that they could not determine the ownership of the money and could not contact Cotten or Quadriga. Facebook / Remembering Gerry Cotten In the weeks since Quadriga Fintech Solutions Corp. belatedly made his death public, the exchange's furious users have raised questions. Ernst & Young was able to recover $24m in cash and $9m in assets held by Robertson. Is Gerald Cotten really dead? : r/QuadrigaCX - reddit April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. Did Cotten fake his own death, investors began to ask, absconding to lands anew under a new name and a surgically rejigged face? The user said that he left the company in 2016, and that the company was legitimate at the time. Then in January, 2019, Cottens wife Jennifer Robertson announced that he had died a month earlier. Where was the rest of the money? It was one of the only games in town [for crypto enthusiasts], Sheona McDonald, who directed the film, told The New York Post. Robertsons sister, for the record, doesnt think that Cotten had fabricated his relationship with Jennifer. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. "I could have invested it in real estate. #GeraldCottenReallyDead #GeraldCottenStillAliveGerald Cotten Really Dead ? Further complicating the matter the company's co-founder Michael Patryn was revealed to actually be a man named Omar Dhanani, who had previously been convicted in the US of identity fraud. He died just nine days into his honeymoon due to an acute stomach ache. A new Netflix true-crime documentary is tackling a bizarre story from the world of cryptocurrency. Neither Costodian or Quadriga could access the funds. The death, and the resulting collapse of Quadriga, set off a score of government and citizen investigations into how so much digital currency could be spirited away. that after 2016, QuadrigaCX stopped producing consistent data about its holdings, and that large volumes of cryptocurrencies were being sent to foreign crypto exchanges. Zou resorted to the cryptocurrency scheme to avoid bank charges when moving Vancouver, shifting his money from the US to a Canadian account. Was a recently-active Skype account proof he was still alive? Some evidence suggested that Jennifer, if real, was acting strangely. Like many in the industry, he framed his enterprise not merely as a financial tool, but a radical societal change, touting the crypto gospel in podcast appearances and videos on YouTube. Then the Ontario Securities Commission opened an investigation. Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). Wood ordered a "30-day stay that precludes filing of claims against Quadriga", which is a temporary legal protection from its creditors under the Companies' Creditors Arrangement Act, a legal status that allows insolvent corporations to restructure their business and financial affairs. Cottens death will likely remain a mystery, with some believing that he is still residing somewhere in the world with the stolen money. did gerry and his wife fake his passing and steal the money? The OSC. The only catch: only Gerry knew the passwords to the companys crypto-vaults. It certainly started to look like fraud, said one anonymous investor in the doc. I believe this is the reason why Quadriga could be formed because they made a fortune from Scamming before Quadriga. Netflix's latest true crime doc, "Trust No One: The Hunt for the Crypto King", seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. A lost password, a sudden death and $180M in missing crypto So the. [17], Ernst & Young reported on 6 February 2019 that C$468,675 (US$354,300) of bitcoin were "inadvertently" sent to an inaccessible cold wallet. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix | Where Are They Now?Subscribe Here! Fifteen years later, Mr Cotten, known as Gerry, would be accused of swindling people online of a much bigger prize. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. They also found a substantial amount of money was used to fund a lavish lifestyle for the couple, including the use of private jets and luxury vehicles. TRUST NO ONE: THE HUNT FOR THE CRYPTO KINGFollow a group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them. QuadrigaCX's Crypto Accounts Were Emptied Months Before CEO's A NEW documentary on rogue crypto trader Gerald Cotton, who took up to $215million in Bitcoin and other digital currencies to his grave, has sparked rumours he may have faked his death. There is a clear lesson here that having a single person owning this information creates a huge vulnerability.. Some have speculated that Gerald Cotten faked his own death and basically got a knock-off death certificate in India or perhaps he was killed by his business partners but even the death itself is incredibly suspicious. I think there were a couple years when it ran legitimately I dont think Gerry could have imagined a future with money pouring in the way it eventually did.. Before Quadriga: How shady ventures in Gerald Cotten's youth led to the https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. Cotten's sudden death in 2018 led to the disappearance of millions of dollars. https://bit.ly/3cAIH4j Newest Vid's https:. 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". Still, questions about the missing money only mounted when two. But when co-founder Cotten died during a honeymoon in India, the money was seemingly lost forever. She had accompanied him to a hospital in Jaipur the previous day and he was diagnosed with septic shock, perforation, peritonitis, and intestinal obstruction. A C$24.7 million disbursement fund has been planned with C$300,000 to go to Cotten's widow, Jennifer Robertson, who advanced that amount to start the court proceedings; C$200,000 will go to Ernst & Young and another C$250,000 to its lawyers; C$229,842 will go to Quadriga's lawyers; and C$17,000 to independent contractors. The Crypto King, aka Gerald "Gerry" Cotten, died in 2018, but his mysterious death is still a subject of controversy today. There were other problems around that time. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? We explain who Gerald Cotten is, the subject of this documentary, and reveal where he is now, including the mystery surrounding his downfall. Jennifer Robertson, the widow of QuadrigaCX founder Gerald (Gerry) Cotten, will be allowed to keep more than $90,000 cash and a Jeep Cherokee in a settlement agreement with the company's bankruptcy trustee. He appointed his wife as the executor of his estate, handing over a $9million real estate empire, his yacht and his Cessna plane - and he even left his two dogs an inheritance of $100,000. Mar. [2], In January 2019 Ernst & Young reported that Quadriga did not have a bank account, but instead used third-party payment processors. Mr Patryn pled guilty in 2005 to working in an identity fraud ring, and did business under a company called Midas Gold as an intermediary with Liberty Reserve, a Costa Rican digital currency firm busted as one of the largest money laundering operations in history. By Robin Hill-Gray. Was a recently-active Skype account proof he was still alive? Its pretty much money by people for people.. Still, all this evidence was circumstantialinvestors hadnt yet found a smoking gun. So the Globe goes to Cottens hospital in India to put the whole fake death thing to bed. They surfed his social media accounts at first, then traced Cottens digital footprints even more closely for clues. 'Bitcoin widow' reveals how she fell victim to her own husband's $215m Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. Soon enough, QuadrigaCXs customers struggled to withdraw money from the exchange. - October, November, December - during all that time," he said. He launched QuadrigaCX in 2013, and it quickly became one of the largest crypto exchanges. Forensic accountants discovered that Gerry was trading against fake users, crediting their account with fake currencies and pocketing the cash, using the proceeds to play the crypto market. G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. 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. 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. Gerald and Jennifer kept most of their relationship away from the public.