Cotten had written a new will in late November 2018, approximately two weeks before his death. On Jan. 31, as Quadriga filed for creditor protection, sadness turned to anger. And exhuming the body would be a really huge step. Wiki, Biography, Age, Wife, Parents,, Akki Kalyan: Wiki, Biography, Age, Wife, Parents, Family, Death Reason,, Who was Al Brown? ", https://web.archive.org/web/20211001004435/https://filmdaily.co/obsessions/best-crime-pod/, "Maxi theft of cryptocurrencies: are bitcoins safe? At least, that was the case for Vancouver-based exchange QuadrigaCX. Gerry then spent the night in a private room at the hospital after being diagnosed with acute gastroenteritis. Once it was public knowledge, customers who tried to withdraw their funds from the platform could not do so. As heard in Trust No One, some Quadriga investors believed Cotten faked his own death and ran off with millions as part of an "exit scam," others believed he had his face modified by a plastic surgeon and was no longer recognizable. Conventionally, the former QuadrigaCX founder only wrote the said will a few weeks after the two exchanged wedding vows. The death of Quadriga CX chief executive Gerald Cotten was announced in January 2019 The 30-year-old died "due to complications with Crohn's disease" while travelling in India the previous month, his wife Jennifer Robertson said By this time, the saddened widow had already executed the will, making her the sole owner of Cottens financial assets and estates. So, this could be one of the main reasons contributing to her sudden disappearance. Nonetheless, Jennifer has authored a book. The teen, a bright computer enthusiast from Belleville, Ontario, ran the operation on an online forum called TalkGold . ", 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. According to an investigation by Canada's Globe and Mail, Cotten died from complications related to Crohn's Disease and Robertson returned to Canada with his body. 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 . In the year 2014, Gerald through his company Quadriga Installed the Bitcoin ATM in Vancouver. Supposedly Gerry was the very first person Jennifer swiped right on when she started using the app. So, Cottens death remains a mystery to this day. He remained successful in exchanging $7.4 million Canadian dollars in Bitcoin through his exchange Quadriga. Gerald Cotten the young entrepreneur died due to Crohn's disease while he was celebrating his marriage in India in 2018. He didnt give enough time. Shortly thereafter, Cottens heart stopped beating. Jilted investors in a defunct cryptocurrency company want to confirm the death of the business's founder by exhuming his remains. However, Jennifer had claimed in her court documents that she hadreceived threats and slanderous comments. As a result, Jennifer had to deal with the legal ramifications. Find Out If Kateri Dion Is Still Nyjah Hustons Girlfriend, Jennifer Robertsons Husband Died On Their Honeymoon, However, Gerald Cottens wife quickly intervened and assured the annoyed investors that exhuming her late husbands body would not aid in asset recovery. He loves to create content on the internet. RESENSIES. He first encountered Bitcoin in Vancouver, British . Investors remained inaccessible for withdrawing their Bitcoin because Gerald Cotten was the only sole owner of the encrypted password of the QuardigaCX. However, his sudden death in December 2018 and the circumstances surrounding that sparked intense speculation; a few believed Gerald faked his own death. This disease may or may not have symptoms, but when you start to show symptoms, they get severe. , which amounts to approximately US $195 million. Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. This story has been shared 119,476 times. An In-Depth Look at Naomi Girmas Salary in Professional Soccer. Lawyers representing investors in what BBC. Some believe that he unsuccessfully gambled with his clients money, shifting it into different currencies and trying to arbitrage buying and selling securities or currencies simultaneously to capitalize on price differentials. It didnt hurt that Quadriga entered the crypto game at an opportune moment. Investigations revealed that Cotten . Join half a million readers enjoying Newsweek's free newsletters. So naturally, customers started filing lawsuits, following which The Nova Scotia Supreme Court determined that users of the exchange. It focused on high-yield investments, which promised impossibly fast and high returns. Gerald founded Quadriga by doing local trades in the beginning. Gerald Cotten did die in India in December 2018. The news of his demise reached us almost about a month later after he actually passed away on 9 th December 2018. The Ontario RCMP received the request last . mode: 'thumbnails-a', Who knows? said McDonald. Some have even questioned whether or not Cotten really died. Gone stupid. There was some confusion regarding the embalming process because initially, the embalmer didnt accept the body. There was the purchase of a $600,000 yacht, 17 homes in Canada (some of which were rented out), a Cessna 400 airplane that Cotten never got around to flying and a top-of-the-line Lexus. They married in Scotland in October 2018. So, in this article, let us learn about Gerald Cottens wife. container: 'taboola-right-rail-thumbnails', }); 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. Removal men are spotted outside the London home of Colin Firth's ex-wife four years after their divorce And not everyone bought the story. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. It was a terrible, terrible moment., She mostly remained away from the public spotlight apart from interview appearances in January 2022. Gerald and Jennifer kept most of their relationship away from the public. A source in the doc goes so far as to bring up a substance known as Haitian zombie powder that can supposedly be used to fake death: You appear dead for a few days, until you get the cure., Zou is 80 percent sure that [Cotten] is dead., McDonald agreed: If he had been cremated in India, I would be more suspicious.. 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. Quadriga, Canada's biggest cryptocurrency exchange, said it's unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder . At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. Nonetheless, Jennifer has authored a book, Bitcoin Widow Love, Betrayal and the Missing Millions with Stephen Kimber. Many even claim that the businessman used the money from his company for his personal use. Vanity Fair magazine wrote an article about Cotten, in its November 2019 issue. He was died on 9 December 2018, in Fortis Hospital, Jaipur, India. In 2018, Gerald Cotten, the founder of Canada's biggest Bitcoin exchange, died under mysterious circumstances during a honeymoon trip to India. 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. He had thick sweeps of strawberry-blond hair, boyish enthusiasm and the kind of sunny disposition that made people want to be around him. Canada is notorious for having a lot of nice, trustworthy people and a buttload of others who exploit them, Gerard told The Post. Later, she wasallowed to keepher wedding band, jeep, personal retirement savings fund, and $90,000 cash. 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. According to a court filing, c$180 million was missing, c$250 million was owed to customers and the passcodes for company accounts were known only by Cotten. Jennifer stating that she had no access to the cold wallets, companys co-founder also had a history of fraudulent behavior. He was sentenced to 18 months in federal prison before being deported to Canada in 2007. [20] It is scheduled to premiere in 2022.[21]. His wife Jennifer Robertson, accompanied Cotten to the hospital on December 8, 2018, when he experienced a crisis in his ongoing battle with Crohn's disease. After Gerry died, no autopsy was conducted, and the body was sent back to the hotel. There were legitimate banking issues. [12] In January 2019 CIBC had frozen several accounts with $26 million CAD on deposit, claiming it couldn't be sure who the funds actually belonged to. So, in this article, let us learn about Gerald Cottens wife,Jennifer Kathleen Margaret Robertson. Gerald Cotten died mysteriously with a large sum of money in his bank account, leaving everything to his wife. As a result, where the money went is unknown to this date. Essentially, Gerry gambled away customer money through trading. However, that request has not been fulfilled until now. NewsUnzip is an Independent News Media organization. She also mentioned that she was, Cottens Death Had The Crypto World In A Frenzy, There is no doubt that Cottens death saddened his family and close ones. Unfortunately, the honeymoon was short-lived, and Cotten was declared dead within 24 hours of their arrival in India. Founded in 2013 by Gerald Cotten, by late 2018 the exchange had approximately 363,000 registered users (Opens in a new tab) and supposedly held roughly C$180 million worth of cryptocurrency (Opens . His sudden death, according to. The book will be on sale on January 18, 2022, so lets hope that the public will get some clarity surrounding the allegations and rumors surrounding her late husband from her book. However in 2016 even after raising $850000 Canadian dollars, he ended the idea of listing Quadriga with CSE. 9 episodes. In December 2018, Cotten died during his honeymoon with his wife, Jennifer Robertson, in Jaipur, India. She was apologetic about people losing their money, saying, I would have never, ever stolen from other people. They had been living at a hotel in Jaipur, India, when Gerry came down with an intense stomach ache just days into their holiday. Naturally, people started to question whether the young founder was even dead. Dead Man's Switch: A Crypto Mystery: Directed by Sheona McDonald. Sy besigheid is. Rumors circulated at the time that Robertsons husband had faked his death and fled with millions of dollars. Its not the first project to dig into the mystery: Journalists Aaron Lammer and Lane Brown investigated the story for two years for their podcast Exit Scam, and Vanity Fair published an extensive investigation in 2019. As for the death certificate, Gerrys name was misspelled on it, fueling theories about its authenticity and how easy it was to buy fake documents in India. They would bring it to you in shoe boxes or big envelopes, McDonald said. 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. I put myself into a deep hole and the only way to dig out of it was to sell my house.. 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". 1 April 2022. Ontario Superior Court judge Glenn Hainey did agree to have the courts take control of the funds, but noted he could not yet determine whether CIBC's initial decision to freeze the funds was appropriate, or whether they faced a liability.[12]. Gerald Cotten Defrauding So naturally, customers started filing lawsuits, following which The Nova Scotia Supreme Court determined that users of the exchangewere owed Canadian $260 million, which amounts to approximately US $195 million. window._taboola = window._taboola || []; On September 26, 2021, Netflix announced plans to broadcast a documentary series focussed around the investigatory efforts of Quadriga investors who believed Cotton faked his death. Gerald Cotten founded Canadian Bitcoin Exchange Quadriga. Canadian businessman, Gerald Cotten, was recently married and celebrating his honeymoon when he unexpectedly died. By subscribing to this BDG newsletter, you agree to our. The investigation found Cotten had created "fake Quadriga accounts, used fake funds and made real trades, betting on the value of cryptocurrency. Netflixs Trust No One: The Hunt for the Crypto King delves into the circumstances surrounding Gerrys death and what happened to the company after that. Watching this trust no one, hunt for the crypto king,I have watched enough documentaries & lived long enough to know that Jennifers hands arent clean when it comes to #GeraldCottens death or disappearance.This shot smells like a ring around fraud by both of them or her. At the time of his passing, he had over CA$250 million [$200 million] and the passwords to Quadriga's accounts. Some thought he was moving around, using different names whilst others suspected that if he was dead, he was either murdered or had taken his own life. 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. Within 24 hours, he suffered three heart attacks. [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. At the time, Gerry ran QuadrigaCX and profited from Bitcoins astronomical rise in value. He and his wife [Jennifer] traveled the world. 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. Cotten was young, energetic, passionate about cryptocurrency so when. So, if you want to know more about Gerrys death and why people think he might have faked it, weve got you covered. After Geralds death documents submitted in court state that $140 million USD Bitcoin and other cryptocurrencies were locked in with QuadrigaCX as Gerald was the only owner of the encrypted passcode of the exchange. 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,. He was 30-years-old. According to Vanity Fair, it was dubbed S&S Investments and promised returns of up to 150 percent in just 48 hours. A combination of these suspicious circumstances and theories led to calls for Gerrys body to be exhumed to confirm his death.