Some people called for Geralds body to be exhumed. We just send money from our Bitcoin app directly to those paper wallets, and keep it safe that way. as well as other partner offers and accept our. "At that time, there was nothing I could do. [17] In June 2017, Quadriga announced that they had lost ethereum worth US$14 million due to a smart contract error. Trust No One depicts Cotten as a nerdy, happy-go-lucky, and charming CEO, who was knee-deep in Bitcoin and a fierce advocate of the technology. 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. [24][25][26], According to court filings, Quadriga also used WB21 as a payment processor. Obituary -Gerald Cotten Wife, Death Cause, Alive or Death? Wikipedia Despite no concrete evidenceindeed, the murdered mans. The public didnt learn about the death for another 36 days, until January 2019. Cryptocurrency investors locked out of $190m after exchange founder dies, Original reporting and incisive analysis, direct from the Guardian every morning. [50], Quadriga's lawyer, the firm Stewart McKelvey, withdrew from the case due to a potential conflict of interest. Following Quadrigas implosion in 2019, it was investigated by the Ontario Securities Commission, which concluded that, "what happened at Quadriga was an old-fashioned fraud wrapped in modern technology. [49], On 5 March 2019, Justice Wood extended Quadriga's court protection to 23 April. 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. Is Gerald Cotten Still Alive? Did He Really Die? - The Cinemaholic Jennifer RobertsonGerry Cotten,. I took out three loans from the bank and put it all into crypto. #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/ [47], Gerald Cotten's widow has maintained that she knew nothing about her husband's activities and agreed to forfeit $12 million in assets. His body was repatriated to . 'The Crypto King': Who is Gerald Cotten and Where is Gerry Now? - Newsweek Fifteen years later, Mr Cotten, known as Gerry, would be accused of swindling people online of a much bigger prize. But Cotten was a bad trader: losing money hand over fist, he gambled away about $150 million of customer funds. After some more digging, the reporter found an order form filled out by one Gerald Cotten. Gerald Cotten is still alive (proof) : r/QuadrigaCX - Reddit A sneak preview of the Netflix doc contains images that suggest the documentary will show the investors dive deeper into these conspiracies. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. 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. Netflixs 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. At first, the now-closed company allegedly blamed the delay on a legal issue with a bank. I didnt know that Gerry was married, he says. 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. [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. [37] According to an affidavit by the CEO's widow, approximately 115,000 customers are owed C$250 million (US$190 million), most of which was cryptocurrency held in Quadriga's cold wallet in the laptop that only the deceased CEO had access to. Then you get rid of the fees. Quadriga Fintech Solutions - Wikipedia The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. Was Patryn, whom employees described as a macho, terrifying character, calling the shots, not Cotten? ", "Vancouver crypto exchange, CIBC clash over frozen accounts", "Judge rules with CIBC, grants possession of disputed Quadriga funds to Ontario Superior Court", "The fintech 'genius' accused in $165m fraud", "Crypto Firm Cited in Bitfinex Case Had Also Worked With Quadriga", "Quadriga co-founder served time in U.S. for role in identity-theft ring, documents reveal", "Criminal Past Haunts Surviving Founder of Troubled Crypto Exchange", "Crypto firm CEO with $190 million password did die in Jaipur hospital", "Cryptocurrency Exchange Says It Can't Access $190 Million After CEO Unexpectedly Died", "Millions in cryptocurrencies frozen in Canada after only person who had password dies in India", "Crypto Exchange Founder Filed Will 12 Days Before He Died", "Quadriga CEO, whose death ignited a cryptocurrency storm, a kind man with taste for fine things, say friends", "Crypto Exchange Mystery Deepens as Board Seeks Court Protection", "Crypto exchange Quadriga files for creditor protection", "Quadriga mystery deepens with little evidence of cold wallets containing $250M", "A Crypto-Mystery: Is $136 Million Stuck or Missing? And, wildly, was Jennifer, his wife, even real? Fourteen trading accounts that were also examined were used to trade on other exchanges. We pay for your stories! seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. He would then use this crypto to make investments himself on other digital exchanges as he furnished his own pockets at the expense of his investors, according to accounting firm Ernst & Young. So his spiral down into a life of crime was either pure greed or him seeking the thrill. , one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. It left Robertson the entire C$9.6-million estate and named her as the trustee. I lost $500,000 life savings in cryptocurrency after 'trader DIED with He was 30-years-old. On this Wikipedia the language links are at the top of the page across from the article title. Some speculate that Cotten, who suffered with Crohn's disease, might actually be alive. What really happened to Gerald Cotten, Netflix's Crypto King? The streaming service announced the feature alongside a slate of upcoming true-crime projects last week. While Robertson has possession of the laptop containing the necessary passwords, she remains locked out. Robertsons sister, for the record, doesnt think that Cotten had fabricated his relationship with Jennifer. [19], Some Reddit users have suggested that Cotten faked his own death in order to defraud customers through an exit scam, while others believe that Cotten's death exposed a Ponzi scheme. Front Burner- Inside Canada's Crypto Mystery, Hot Docs Canadian International Documentary Festival, Trust No One: The Hunt for the Crypto King, "Investigation of Quadriga cryptocurrency debacle turns up only $28 million in assets", "Nothing sinister about bitcoin company CEO's sudden death, friend says", "Troubled Bitcoin trader QuadrigaCX takes another bizarre turn", "Canada's largest cryptocurrency exchange Quadriga seeks creditor protection", "Bitcoin Accounts for 95% of Cryptocurrency Crime, Says Analyst", "Crypto-Exchange Says It Can't Pay Investors Because Its C.E.O. A 33-YEAR-OLD man lost his life savings after getting involved with a cryptocurrency trader who died, taking the password to access funds to the grave. Customers have since struggled to regain access to their money, citing withdrawl issues and lack of communication from the company. There was no way of getting my money back. Its pretty much money by people for people.. Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. 29 2022, Published 3:03 p.m. 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. She says she never received the passwords. [45], In June 2020, the Ontario Securities Commission officially concluded that Quadriga was indeed a fraud and a Ponzi scheme. Cotten's sudden death in 2018 led to the disappearance of millions of dollars. 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. In December 2018, Cotten died during his honeymoon with his wife, Jennifer Robertson, in Jaipur, India. In January 2014 they installed the second Bitcoin ATM in Vancouver. pic.twitter.com/rGymJ5f9Or. 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". [34][35], On 14 January 2019,[36] Quadriga announced that their CEO, Gerald Cotten, had died the month prior from Crohn's disease while doing volunteer work at an orphanage in India. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. [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. Was he avoiding something or someone? Netflixs documentary definitely seems to be in the corner that Cotten did die, despite the mystery surrounding his death. "[18], The company tried to raise money and list on the Canadian Securities Exchange (CSE) working with Patryn. So far, only about $46 million has been recovered. 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. In December of 2018, the jet-setting crypto couple headed to India for their honeymoon, where Mr Cotten died of complications from Crohns disease, 12 days after modifying his will. 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. 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. Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. Furious investors continue to fight a legal battle to try and have Cotten's body exhumed as they believe his death was a cut and run scam. 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". Neither Costodian or Quadriga could access the funds. ET. His will was signed off just two weeks before he and wife Jennifer Robertson travelled to India on their honeymoon. The OSC. Finally, the OSC discovered something that cracked the case wide open. Was a recently-active Skype account proof he was still alive? Gerald Cotten's body should be exhumed, investors in QuadrigaCX tell Like other crypto-exchanges, Quadriga kept its funds in so-called cold wallets, digital storage devices not connected to the internet, which are safe from hacking. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. Investigations into the firm revealed that Mr Cotten made numerous fake accounts on Quadriga to influence trades on the platform, at one time being involved personally in 87 per cent of transactions. 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. - October, November, December - during all that time," he said. Either this is a 1 in 100 million coincidence or he is still alive. Gerald Cotten. Soon enough, QuadrigaCXs customers struggled to withdraw money from the exchange. To add credence to the theory that he faked his own death and is still alive, Bloomberg reported that the crypto exchange founder filed his will just 12 days before he apparently died. You transferred them $1,000 and you could see the crypto in your account. Cotton took with him to the grave the keys that allowed access to the digital vault containing his investors cash that they had ploughed into Quadriga CX. 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. It was alleged that Patryn was involved in a money-laundering ring under a different nameOmar Dhanani. TRUST NO ONE: THE HUNT FOR THE CRYPTO KING, a DONT F*CK WITH CATS-style investigative thriller, is now streaming on Netflix. It just wasnt there. Gerald Cotten Still Alive ? The company raised C$850,000 but cancelled plans to list on the exchange in early 2016. Lawyers for customers of an insolvent cryptocurrency exchange have asked police to exhume the body of the companys founder, amid efforts to recover about $190m in Bitcoin which were locked in an online black hole after his death. According to the documentary, thats around the time that Cotten started to invest his money in islands, cars and property, traveling the world while running his exchange. What Happened to Jennifer Robertson and Where Is Gerald Cotten's Wife Now? He was one of the wealthiest people in the crypto world, and his company was at its pinnacle. He passed away in 2018 with the secret of $250 million. Netflix's 'Trust No One': Who Was QuadrigaCX CEO Gerald Cotten? 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. Where is Gerald Cotten's Wife Jen Robertson Now? - The Cinemaholic "It did become an obsession.. Cotten's sudden death in 2018 led to the disappearance of millions of dollars worth of his investors' Bitcoin funds. 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. I'm new to this subreddit, I apologise if anything I have said breaks the rules. His clients were locked out of about $250 million, and investigators later. Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him Credit: Netflix. Some also believe that Gerald isnt even dead at all but rather hiding away with the hundreds of millions of dollars he controlled. 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. "It just makes me more depressed about it," Zou told Sky News. "[46] The Official Ontario Securities report on Quadriga is attached here. 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. Quadriga CEO's widow speaks out over his death and the missing - CBC Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). Official investigations into the matter have yet to produce any definitive answers. The shocking story has been recounted in a new Netflix documentary, Trust No One: The Hunt For The Crypto King. 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.