The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. We pay for your stories! ^ "Quadriga CEO's widow speaks out over his death and the missing crypto millions". This was more of a gamblers high than a rich guys high as he pursued more and more of other peoples money, the stakes went up. She had accompanied him to a hospital in Jaipur the previous day and he was diagnosed with septic shock, perforation, peritonitis, and intestinal obstruction. There was no autopsy on the body, for instance, and Cotten had signed his will two weeks after he diedleaving his riches to Jennifer. Another "appears to have been used to receive Bitcoin from another cryptocurrency exchange account and subsequently transfer Bitcoin to the Quadriga hot wallet" on 3 December. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? But, due to the strict security of crypto, we may never know. Still, questions about the missing money only mounted when two. Gerald Cotten, 30, died abruptly in December 2018 of complications relating to Crohns disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. [17] In June 2017, Quadriga announced that they had lost ethereum worth US$14 million due to a smart contract error. [22][23] C$28 million held by Costodian, a Quadriga payment processor, was frozen by the Canadian Imperial Bank of Commerce (CIBC) in January 2018. Gerald Cotten Still Alive ? The estate includes an airplane, a sailboat, a 2017 Lexus, and real estate in Nova Scotia and Kelowna, British Columbia. So his spiral down into a life of crime was either pure greed or him seeking the thrill. Some people called for Geralds body to be exhumed. "I couldn't get any sleep. Everyone knows the story about the now-defunct QuadrigaCX . But Bitcoin crashed at the end of 2018, and Cottens flashy lifestyle needed cash to sustain itself. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. , initially diagnosed Cotten with little more than travelers diahrrea, but kept him in hospital just in case. The mystery of Cotten and Quadriga is now the subject of podcasts Exit Scam and A Death In Cryptoland. Gerald Cotten is allegedly meant to have died from Crohns disease after the exchange crashed. And with the mystery of Quadriga still being unraveled by the Feds, Mounties, amateur sleuths and investigative journalists - the question remains what happened to Cotten? The user said that he left the company in 2016, and that the company was legitimate at the time. Fourteen trading accounts that were also examined were used to trade on other exchanges. Then it emerged that Jennifer had legally changed her name three times in the past few years, and a man sharing one of her former last names was at the center of an unsolved murder case. Was he avoiding something or someone? Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. Netflix's 'Trust No One: The Hunt for the Crypto King' explores the story of Gerald Cotten, founder and CEO of Canadian crypto exchange business QuadrigaCX, whose passed away unexpectedly in 2018. Netflixs latest true crime documentary, Trust No One: The Hunt for the Crypto King, has arrived on the streaming platforms extensive catalog of intriguing documentaries. It comes as we revealed some of the world's biggest crypto scams following the case of Bitcoin tradersRaees Cajee, 21 and Ameer, 18,who fledSouth Africa after allegedly pocketing 2.5billion. They surfed his social media accounts at first, then traced Cottens digital footprints even more closely for clues. [28], Quadriga used an unusual teller-window system for customers to withdraw their money. Email us at tech@the-sun.co.uk, Ring removes free perks for millions of users, you'll have pay to get them back, Android users told check for five Google 'danger phrases' don't ignore list, Facebook's hidden list reveals if you're a 'target' for criminals, People are just realizing Apple upgraded the iPhone with 7 life-changing secrets, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, Tong Zou tells his devastating story in new Netflix doc, Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him. [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. "Trust No One: The Hunt for the Crypto King". Was Patryn, whom employees described as a macho, terrifying character, calling the shots, not Cotten? The teen, a bright computer enthusiast from Belleville, Ontario, ran the operation on an online forum called TalkGold . At first, the now-closed company allegedly blamed the delay on a legal issue with a bank. It was a perfect match, sparked up on Tinder, she said in the documentary. 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. So what exactly happened to Cotten, and is he still alive somewhere sitting on a mountain of stolen crypto? Cotten encrypted and stored about $190 million worth of his customers' Bitcoin caches and held sole responsibility for the passwords needed to access those funds. [32] It also stated that Quadriga has 363,000 registered users and a sum of C$250 million is owed to 115,000 affected users. 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. Jilted investors of Cotton's crypto firm QuadrigaCX have demanded his corpse be exhumed and tests run to confirm its his body. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. In December 2018, Cotten died during his honeymoon with his wife, Jennifer Robertson, in Jaipur, India. Angry and suspicious investors congregated on Reddit and Telegram to try to get to the bottom of the mystery. 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. Despite no concrete evidenceindeed, the murdered mans. Tong Zou is one of thousands of customers left seriously out of pocket following Gerald 'Gerry' Cotten's mysterious death in 2018 at the age of 30. A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. Some speculate that Cotten, who suffered with Crohn's disease, might actually be alive. Cotten neglected to pass on the passwords to the accounts, and in 2019, when investigators tracked down Cotten's digital wallets, all the money was gone. [17] Michael Gastauer, Chief Executive of WB21, has been named in a civil lawsuit by the U.S. Securities and Exchange Commission as part of a US$165 million fraud. 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. The Globe and Mail reporters were on the case, and used photos to conclude that they were the same person. 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. By clicking Sign up, you agree to receive marketing emails from Insider Here Is Why People Think Gerald Cotten Is Still Alive. Image Source: Social Media. He and his wife, Jennifer Robertson, jetted all over the world on private planes, visiting chic locales in Paris, Hawaii, and Morocco. Its the swindler story you havent heard of until now. Mar. 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. He convinced tons of investors to fork over their money so he could invest it into Crypto. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. "So far, nothing's been found. [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. Some evidence suggested that Jennifer, if real, was acting strangely. He first encountered Bitcoin in Vancouver, British . The tech whiz however didn't even need to do it - being an early believer in crypto, he likely would have got rich without the need to scam people. 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". Died, and He Had the Passwords", "Pre-filing report of the proposed monitor", "Controversial QuadrigaCX cryptocurrency exchange placed in bankruptcy", "Quadriga Should Shift to Bankruptcy Proceedings, Monitor Says", "FBI Probing Bitcoin Exchange Quadriga Over Missing $136 Million, Source Alleges", "Quadriga: Lawyers for users of bankrupt crypto firm seek exhumation of founder", "How Gerald Cotten built Quadriga and created the ensuing crypto storm", "Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga", "Geek Speak: Gerald Cotton, CEO of Quadriga CX", "Crypto chaos: From Vancouver to Halifax, tracing the mystery of Quadriga's missing millions", "Quadriga's late founder used to store clients' Bitcoin passwords on paper so they wouldn't get lost", "A crypto exchange CEO dies-with the only key to $137 million", "Details emerging about Gerald Cotten, the young founder of QuadrigaCX", "My smart contract just ate $14 millionnow what? that after 2016, QuadrigaCX stopped producing consistent data about its holdings, and that large volumes of cryptocurrencies were being sent to foreign crypto exchanges. [17], In 2016, Cotten became the sole director of Quadriga when all the other directors resigned. 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. But when co-founder Cotten died during a honeymoon in India, the money was seemingly lost forever. I put myself into a deep hole and the only way to dig out of it was to sell my house.. Cotten told a Globe and Mail reporter that the banks, which didnt trust crypto exchanges, had frozen the exchanges bank accounts. The thing about conspiracy theories, though, is that they mutate out of control very quickly, and arent always reflective of the latest evidence. There is a clear lesson here that having a single person owning this information creates a huge vulnerability.. reporters had a hunch that this was Gerry Cotten, and traced the account to another online den of thieves, BlackHatWorld. Lived In Los Angeles CA, Austin TX, Van Nuys CA . Its pretty much money by people for people.. [27] Another payment processor used by Quadriga, Crypto Capital, was named in a civil suit filed by the New York Attorney General in April 2019. Customers have since struggled to regain access to their money, citing withdrawl issues and lack of communication from the company. 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.. Despite repeated and diligent searches, I have not been able to find them written down anywhere, she said in court filings. Given the intrigue, some went so far as to question whether Mr Cotten had really died and demanded his body be exhumed. The OSC tugged on the same thread, but neither could get hold of him. Then Cotten took a turn for the worse: he went into cardiac arrest three times; the third time, the doctors couldnt revive him and declared him dead. 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. Where was the rest of the money? And for some, things still looked suspicious. Citing decomposition concerns, lawyers requested the exhumation be completed no later than spring 2020. A sneak preview of the Netflix doc contains images that suggest the documentary will show the investors dive deeper into these conspiracies. And not even. Mr Cotten, 30 at the time of his death, seemed to be living the dream life of a financial titan. 4 people named Gerald Betzen found in California, Texas and Massachusetts. After some more digging, the reporter found an order form filled out by one Gerald Cotten. The Netflix documentary will follow investors-turned-investigators looking into theories on the founder's sudden death. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. It left Robertson the entire C$9.6-million estate and named her as the trustee. That same month, Quadriga filed for creditor protection, and scores of angry investors began furiously questioning where their money went, even though only Mr Cotten knew the keys to the companys crypto vault and never set up a dead mans trigger to send them elsewhere in case he was incapacitated. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohn's disease. 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". In her memoir, Ms Robertson denies shes part of an elaborate plot to fake her husbands death, adding that speculation has led to death threats from stalkers demanding she returns the missing millions. In court filings, it was revealed that Mr Cottens email was listed as Midas Golds contact. [33] Aaron Matthews served as Director of Operations. Using a reputable custodian to hold the private keys outside the company is perhaps the best option to ensure these codes are not lost, Erik Wilgenhof Plante, the former CCO of the exchange BeQuant, told The Independent at the time. [48], On 5 February 2019, Nova Scotia Supreme Court Justice Michael J. When Quadriga CEO Gerald Cotten died suddenly in 2018, the passcodes for his cryptocurrency exchange died with him. Here's a link to the BlackHat forum. Gerald and Jennifer kept most of their relationship away from the public. goes to Cottens hospital in India to put the whole fake death thing to bed. Sam, Bangs & Moonshine by Evaline Ness (Holt). He would grow up to be a cryptocurrency entrepreneur and run Canadas largest crypto exchange, QuadrigaCX, before dying under bizarre circumstances in 2018, leaving investors looking for a missing $180 million Canadian dollars. 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. The documentary follows a group of Quadriga investors turned sleuths who dig into the suspicious death of Cotten and the millions of missing cryptocurrency they believe Cotten stole from them, according to a tweet from Netflix announcing the film. Indeed, QuadrigaCX launched just three months after sceptre put out a call to build a crypto exchange. 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. "[40][41], Ernst & Young found five Quadriga cold wallet addresses, but they were empty, containing no cryptocurrency since April 2018. Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. A new documentary on his mysterious death called Dead Man's Switch: A Crypto Mystery, airing on Discovery+, looks into accusations the crypto king made off with millions in investors' cash. Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. It stated that Gerald Cotten committed fraud by opening accounts under aliases and crediting himself with fictitious currency and crypto asset balances, which he traded with unsuspecting clients and that "What happened at Quadriga was an old-fashioned fraud wrapped in modern technology. I could have put it in stocks. "I could have invested it in real estate. 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". Quadriga CX was left owning its 76,000 investors around $215million (CAD). "At that time, there was nothing I could do. He is believed to have carried out Ponzi scheme scams since he was just 15 - such as playing a role in pre-crypto digital token eGold, according to investigator Amy Castor. Robertsons sister, for the record, doesnt think that Cotten had fabricated his relationship with Jennifer. Miller Thomson LLP sent a letter to the Royal Canadian Mounted Police on Friday, requesting authorities conduct an exhumation and postmortem autopsy on the body of Gerald Cotten, founder of QuadrigaCX, citing what the firm called the questionable circumstances around his death earlier this year. Many believe that Cotten faked his death, however, as part of an exit scam to get away with. Despite presenting himself as mild mannered and clean cut, Cotten was found to have had a history of carrying out financial cons - starting when he was just a teenager. [33], Cotten's will was signed 27 November 2018, twelve days before he allegedly died. Then the Ontario Securities Commission opened an investigation. Some 76,000 investors like Zou collectively lost out. We explain who Gerald Cotten is, the subject of this documentary, and reveal where he is now, including the mystery surrounding his downfall. Netflix Special on Bitcoin Fraudster Gerald Cotten, His Wife, and QuadrigaCX. Did Cotten fake his own death, investors began to ask, absconding to lands anew under a new name and a surgically rejigged face? Gerald Cotten was the founder of one of Canada's largest cryptocurrency exchanges, Quadriga CX. Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. Two years after Liberty Reserve was taken down, the pair launched Quadriga, though Mr Patryn left the company in 2016 over a dispute on whether to list the company publicly and claims no involvement in the resulting schemes. Living a jet set life, he cruised the world on yachts, flew in private jets and investigators even released photos of piles of cash on his kitchen table. [19] Other than a few contractors, it had no employees, offices or bank accounts thereafter. All Filters. Then in January, 2019, Cottens wife Jennifer Robertson announced that he had died a month earlier. His body was embalmed and sent back to Canada for a closed-casket funeral. "At that point, we were desperate to recover funds and we were also convinced that a scam was underway," said QCX-INT, an individual who uncovered online documentation of Mr Cottens history of fraudulent behaviour, speaking anonymously to the CBC this year. Overcast with rain showers at times. It apparently had no formal accounting system. [7] Meanwhile, in order to manage the finances of the company during the process, a third-party monitor, Ernst & Young, was appointed.
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