With heavy hearts, we announce the death of Gerald Cotten of Anoka, Minnesota, born in Minneapolis, Minnesota, who passed away on July 28, 2022 at the age of 97. 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 Cotten Obituary. The site is said to have attracted a strange brew of people who ranged from gullible suckers to sharp hustlers hoping to rope them in. By subscribing to this BDG newsletter, you agree to our. Wiki, Age, Net Worth, Kids, Family,, Who is Mason Amos? At 15 years old, Cotten put his first pyramid scheme into motion. There were legitimate banking issues. Before getting died it is claimed that Gerald Cotten on November 27, 2018, signed a will in which it was stated that after his death his financial assets will be distributed between his wife, parents, and siblings, He stated in his Will that his parents will become the sole owner of his Sailboat and his brother Bradley will become the owner of his private aircraft (Cessna 400.). You transferred them $1,000 and you could see the crypto in your account. At that time QuardigaCX was having $140 million worth of cryptocurrencies. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. Gerald Cotten is allegedly meant to have died from Crohn's disease after the exchange crashed. CBC News. And some investors are suspicious that he may have faked his own death. [7][8], Cotten's death, and the loss of his keys, has been offered as a cautionary tale, when other instances of crypto-currency loss have come to light. Gerald Cotten, owner of a Canadian cryptocurrency exchange, died in December 2018, leaving behind $190 million in cryptocurrency for which he had the only password." Enza Uda; Joan Webber (2021-05-25). He published a comprehensive account of Cottens final days, which began with the couples arrival at the luxury resort Oberoi Rajvilas, a palatial hotel complete with resident peacocks. What Can Be Done To Protect Them? 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. It took some time for him to grow on her, but they eventually fell in love. Likewise, the public was not much intrigued about their lives up until Geralds name got tainted by him being a fraud. QuadrigaCX was a Canadian cryptocurrency exchange founded by Gerald "Gerry" Cotten and Michael Patryn in 2013. The reason for her sudden disappearance remains a mystery. 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. Gerry had been dealing with Crohns disease for a long time, an ailment that caused inflammation of the digestive system. He was the owner of Quadriga Fintech Solutions (QuadrigaCX) an exchange that deals in CryptoCurrency. However, his sudden death in December 2018 and the circumstances surrounding that sparked intense speculation; a few believed Gerald faked his own death. 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. Trust No One: The Hunt for the Crypto King, "Cryptocurrency exchange Quadriga seeks creditor protection after founder's death", https://web.archive.org/web/20190210085354/https://www.thechronicleherald.ca/news/regional/cryptocurrency-exchange-quadriga-seeks-creditor-protection-after-founders-death-281536/, "Quadriga founder's widow moved 4 Nova Scotia properties further from creditors' reach", https://web.archive.org/web/20190207233137/https://www.thechronicleherald.ca/news/local/quadriga-founders-widow-has-four-ns-properties-moved-further-from-creditors-reach-281971/, "Details emerging about Gerald Cotten, the young founder of QuadrigaCX", https://web.archive.org/web/20190210085617/https://www.thechronicleherald.ca/news/canada/details-emerging-about-gerald-cotten-the-young-founder-of-quadrigacx-282555/, "Nothing sinister about bitcoin company CEO's sudden death, friend says", https://web.archive.org/web/20190208233316/https://www.thechronicleherald.ca/news/local/nothing-sinister-about-bitcoin-company-ceos-sudden-death-friend-says-282508/, "QuadrigaCX founder left $9.8m in personal property, over a million in Nova Scotia", https://web.archive.org/web/20190209232144/https://www.thechronicleherald.ca/news/local/quadrigacx-founder-left-98m-in-personal-property-over-a-million-in-nova-scotia-282988/, "Quadriga CEO, whose death ignited a cryptocurrency storm, a kind man with taste for fine things, say friends", https://web.archive.org/web/20190209152552/https://www.cbc.ca/news/canada/british-columbia/quadriga-gerald-cotten-friends-react-to-his-death-in-india-michael-patryn-canada-cryptocurrency-creditors-1.5009625, "Canada: Dealing With Digital Assets On Death: Who Owns Them? Nonetheless, given that the two had been together for years, we can assume that they had a great relationship. The sham ran for three months before shutting down with investors money disappearing. ", https://www.news.com.au/finance/money/investing/bitcoin-boss-gerald-cotten-may-have-faked-death-and-escaped-with-234m-fortune/news-story/353601cb283ba1a1f7d5ad95d32e10ed, "Regulators caution crypto trading platforms, issue guidance over misleading language in advertising", https://web.archive.org/web/20210924154946/https://betakit.com/regulators-caution-crypto-trading-platforms-issue-guidance-over-misleading-language-in-advertising/, "Bitcoin goldmine for hackers trying to steal 100bn of lost and forgotten crypto dosh", https://web.archive.org/web/20210729152359/https://www.dailystar.co.uk/news/latest-news/bitcoin-goldmine-hackers-trying-steal-24644762, "Patch me if you can: Password taken to the grave. Gerald Cotten is a bitcoin millionaire from Canada whose death, supposedly from complications relating to Crohn's disease, is now being questioned. Let us also find out about the whereabouts of the famous QuadrigaCX founders widow. They had been living at a hotel in Jaipur, India, when Gerry came down with an intense stomach ache just days into their holiday. The dude literally said that comment as a complete joke, and I even . In the early 2000s, he met Patryn, who was six years older and has a mysterious past. Unfortunately, the honeymoon was short-lived, and Cotten was declared dead within 24 hours of their arrival in India. In 2013 he founded his company Quadriga co-partnering with Michael Patryn. He first encountered Bitcoin in Vancouver, British . In the year 2014, Gerald through his company Quadriga Installed the Bitcoin ATM in Vancouver. 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. Newsweek Newsletter sign-up > In December 2018, Cotten died during his honeymoon with his wife,. }); Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. When the 30-year-old died unexpectedly and mysteriously in 2018, some $250 million worth of Canadian cash and cryptocurrency also went missing. Jennifer was back in Nova Scotia, Canada, soon after that. He was 30-years-old at the time of his death. These user-investors found a number of the details surrounding Cottens death that they believed to be suspicious: people dont often die from Crohns disease, especially not at 30; and Robertson didnt post about Cottens death until a month after the fact, and claimed that she couldnt access the exchange that only Cotten had had the ability to transfer investors money, meaning that their Bitcoin was lost forever. Conventionally, the former QuadrigaCX founder only wrote the said will a few weeks after the two exchanged wedding vows. Others accused his wife, Robertson of involvement in his death and/or disappearance, an accusation which pushed her to attempt to take her own life, she shared with The Globe and Mail. In total there was CA$33 million in missing funds, reports the BBC. }); window._taboola = window._taboola || []; He founded the company in order to take advantage of the revolutionary . Supposedly Gerry was the very first person Jennifer swiped right on when she started using the app. 2023 Cinemaholic Inc. All rights reserved. But his condition worsened the following afternoon, with blood tests indicating a septic shock. It is actually plausible that he is not dead even though I have no idea how likely that is, he told The Post. Here's my take on Gerald Cotten and his suspicious death. Is Gerald Cotten, the late CEO of Canada's largest cryptocurrency exchange QuadrigaCX really dead? Read More: Did QuadrigaCX Users Get Their Money Back? 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. Gerald was only 30 years when he died in 2018. At least, that was the case for Vancouver-based exchange QuadrigaCX. Geen resultaat . Cotten's sudden death in 2018 led to the disappearance of millions of dollars. The status of a request to exhume the body of a cryptocurrency businessman remains a mystery. Apart from that, Jennifer is studying to become an elementary school teacher and hopes to graduate soon. Her mysterious disappearance has caused a commotion in the media. Theyre still waiting. Gerald founded Quadriga by doing local trades in the beginning. [9][10], Cotten was born and grew up in Ontario, where he attended York University's Schulich School of Business. The cause of death was noted as complications from Crohns disease. Wiki, Age, Bio, Children & Facts about Viveks Wife, Who was Hannah Daughtry? [19] The series will be entitled Trust No One: The Hunt for the Crypto King. 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. 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. According to the authorities, about $169 million of the funds were missing, with five of the six cold wallets used to store the cryptocurrency being empty since April 2018. They wound up at the Fortis Escorts Hospital, a private hospital that offered superior medical service to most of Indias public hospitals. 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,. Doctors at a nearby hospital initially wrote off the malady as travelers diarrhea. Did You Know Soccer Player Crystal Dunns Husband Pierre Soubrier Is A Football Specialist. The investigation found Cotten had created "fake Quadriga accounts, used fake funds and made real trades, betting on the value of cryptocurrency. But all of that happened during the good times, when crypto was enjoying its upward surge. Some felt that Gerry taking flying lessons was a way of preparing to live life on the run. Furthermore, Gerry had signed his will less than two weeks before his death, signing over all his assets to Jennifer. Almost as soon as they arrived at the Oberoi Rajvilas, however, they left to seek medical care for Cotten. He didnt give enough time. Shortly thereafter, Cottens heart stopped beating. About this same time, according to court documents filed two years later, Quadriga's "Chris Markay" accountan alias controlled by Gerald Cottenis credited with $100 million fake bucks. . Cold wallets are distinguished from "hot wallets" in that they are stored on computers that are not connected to the internet, and thus are a much harder target for hackers. His death was somewhat mysterious to begin with and got even more mysterious when it was revealed that he had not left behind the passwords to unlock Quadriga's cold storage wallets. [15] In the article they reported that an associate of Cotten's, Michael Patryn, had actually been Quadriga's co-founder. Geralds wife came under fire from the media after she claimed that she did not have the password and recovery key to access the information on Cottens laptop. Well, the widow is also not active on any social media platforms, making it nearly impossible to track her current whereabouts. We cover breaking news related to Entertainment, Politics, Sports, Movies, Television, Current Affairs, and More. In the aftermath, Jennifer agreed to return $12 million from the estate as part of a settlement. The reason for her sudden disappearance remains a mystery. Wiki, Biography & Facts About Chris Daughtrys Daughter, Schulich School of Business at York University. Exit Scam: With Aaron Lammer, Gerald Cotten. On Dec. 8, nine days after landing in India and having checked into the luxurious Oberoi Rajvilas Hotel in Jaipur, he was hit with severe stomach pain. In fact, jilted investors have requested to have the body exhumed. container: 'taboola-right-rail-thumbnails', Gerald Cotten was the founder of Quadriga CX, once Canada's largest cryptocurrency exchange. Lawyers representing investors in what BBC. 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. She was allowed to keep money, a car, her wedding band, some jewelry, and shares in Quindraga Fintech, among other things. Nevertheless, there has been no evidence that points to Gerry being alive. Gerry did everything [for the company] from his laptop.. 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. Jilted investors in a defunct cryptocurrency company want to confirm the death of the business's founder by exhuming his remains.
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