QuadrigaCX was a Canadian cryptocurrency exchange founded by Gerald "Gerry" Cotten and Michael Patryn in 2013. But on December 9, 2018, Gerry died at a local hospital because of complications resulting from Crohns disease at the age of 30. ", 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 Vanity Fair, Patryn was arrested in Southern California, where he lived with his family, and pleaded guilty to conspiring to transfer stolen identity documents. September 27, 2021 by Sunil Chaulagain. 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. After one month before going on a honeymoon with his wife. G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. The death of Gerald caused a big loss to his family and even to investors who invested in QuadrigaCX. 2023 BDG Media, Inc. All rights reserved. Back in India, the gastroenterologist stated that he couldnt be sure about the diagnosis without the autopsy. target_type: 'mix' Remember that crypto . Many even claim that the businessman used the money from his company for his personal use. He was better known for working on the post of CEO at Quadriga Fintech Solutions. Newsweek has everything you need to know. 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. 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. AOC blasts 'old boys' club' Senate, wrongly says she reps Canadian teacher with size-Z prosthetic breasts placed on paid leave, What's next for Buster Murdaugh after dad's murder conviction, life sentence, Sick trolls leak gruesome Maggie Murdaugh autopsy photo after it was accidentally shown on livestream, Madonna watches new boyfriend Joshua Poppers fight in New York City, Saving Private Ryan actor Tom Sizemore dead at 61 after brain aneurysm, How Ariana Madix discovered Tom Sandoval was cheating on her with Raquel Leviss, Max Scherzer's first look at the new pitch clock, Chris Rock Jokes About Watching Emancipation to See Will Smith Getting Whipped In Advance of Netflix Special: Report, Kellyanne Conway and George Conway to divorce. Jennifer also declined CBCs repeated requests for an interview. Gerald Cotten the young entrepreneur died due to Crohn's disease while he was celebrating his marriage in India in 2018. Doctors at a nearby hospital initially wrote off the malady as travelers diarrhea. His statement of death issued by his family and the Government of Rajasthan in India clearly claims that he died in Jaipur, India. In an interview with The Globe and Mail, Robertson said: "I love the Gerry that I knew. Shortly after his death, his customers were told that the $215 million they'd deposited on the exchange was lost forever because Gerald did not . Some felt that Gerry taking flying lessons was a way of preparing to live life on the run. The news of his demise reached us almost about a month later after he actually passed away on 9 th December 2018. Gerald Cotten is a bitcoin millionaire from Canada whose death, supposedly from complications relating to Crohn's disease, is now being questioned. He was doing well for his company and has earned high goodwill for his company with his lot of efforts. Wiki, Wife, Children, Net Worth, Family,, Vijay Sharma (Coach) Wiki Biography, Age, Wife, Family, Career,, Shanaya Khan: Wiki, Age, Husband, Parents, Net worth, Height, Biography, Who is Arulselvi Vivek? After getting his degree from York University in 2010 Gerald Cotten came to learn about Bitcoin and then traveled to Vancouver, British Columbia to start his work related to Bitcoins. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. This page was last modified on 1 October 2021, at 00:58. July 18, 2017 Despite his company's recent financial setback, Cotten manages to register his 51-foot yacht, The Gulliver. RESENSIES. Is Gerald Cotten, the late CEO of Canada's largest cryptocurrency exchange QuadrigaCX really dead? 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. She was apologetic about people losing their money, saying, I would have never, ever stolen from other people. 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. But blood work showed Cotten had developed septic shock. This story has been shared 105,331 times. Medical experts told The Globe and Mail that Cottens symptoms and rapid decline suggest he had a perforated bowel, which can cause extremely sudden death. Contents Gerald Cotten Cause of Death in 2019 Adding to their woes was Gerrys prior history of fraud, and the companys co-founder also had a history of fraudulent behavior. It was then revealed that Gerry presumably happened to be the only person with access to the digital keys to the cold wallets that held the cryptocurrency. Wiki, Biography & Facts About Chris Daughtrys Daughter, Schulich School of Business at York University. Jilted investors in a defunct cryptocurrency company want to confirm the death of the business's founder by exhuming his remains. 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 . His customers were told that the $215 million they'd deposited on the exchange was lost forever because Gerry had forgotten to leave behind his passwords. He had thick sweeps of strawberry-blond hair, boyish enthusiasm and the kind of sunny disposition that made people want to be around him. The last one killed him. By then, Quadriga ruled as the largest crypto exchange in Canada, putting through more than $1 billion of transactions in 2017. He didnt give enough time. Shortly thereafter, Cottens heart stopped beating. 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. 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. Before leaving, according to Vanity Fair, he bragged about money going further in India than it does in Canada. She is trying to put her life back together and is working as a waitress part-time. However in 2016 even after raising $850000 Canadian dollars, he ended the idea of listing Quadriga with CSE. The story, as chronicled in a new documentary, Dead Mans Switch: A Crypto Mystery, streaming on Discovery+ Thursday, began in 2014 when Cotten and Michael Patryn launched Quadriga. 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. At one point, there were calls for Cotten's grave to be exhumed for an autopsy to be performed on the body "to confirm both its identity and the cause of death". Because the crypto industry was a lot less diverse back then, QuadrigaCX only dealt in the trade of Bitcoin (though it soon developed to take on the likes of Ethereum and Litecoin). Suddenly, though, Cottens condition grew dramatically worse, and he was transferred to intensive care. Investigations revealed that Cotten . The sham ran for three months before shutting down with investors money disappearing. He was 30-years-old. 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. The mystery of Cottens death was finally put to rest when Nathan VanderKlippe, a journalist at Canadas Globe and Mail, traveled to Jaipur, India, to investigate Cottens death firsthand. [9][10], Cotten was born and grew up in Ontario, where he attended York University's Schulich School of Business. Exit Scam on Apple Podcasts. That would be with Gerald Cotten, her former husband, a controversial Canadian cryptocurrency businessman who suddenly died in 2018, leaving behind a trail of missing millions, lawsuits,. Later, she was. The company took a cut from every Bitcoin trade on its platform. I put myself into a deep hole and the only way to dig out of it was to sell my house.. In 2019, Quadriga ceased operations and filed for bankruptcy. Jennifer Robertson and Gerald Cottens wedding took place in Scotland. At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. There were further questions regarding Jennifer changing her name from Griffith to Forgeron and then to Robertson. Gerald Cotten was the founder of Quadriga CX, once Canada's largest cryptocurrency exchange. 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.. "That means $190 million of customers' holdings are inside, and no one can access them." Connected by a quest to recover their lost funds, a band of Bitcoin investors morph into a cyber-sleuth collective called The Committee. Mr. Cotten died when he was on a trip to Jaipur, India. Who knows? said McDonald. Newsweek Newsletter sign-up > In December 2018, Cotten died during his honeymoon with his wife,. By then, he and Cotten had already communicated with one another on a message board called TalkGold. 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 He and his wife [Jennifer] traveled the world. They believed that the circumstances were suspicious enough to think he might have faked his own death in a sinister scheme to keep all the money. What Can Be Done To Protect Them? In December 2018, Jennifer and Gerry traveled to Jaipur, India, for their honeymoon. 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. The Ontario RCMP received the request last . At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. They reported that Quadriga investors claimed Cotten and Patryn had a background in Ponzi schemes: In 2020 pressure mounted for Cotten's body to be exhumed, to confirm he had not faked is death. Gerald founded Quadriga by doing local trades in the beginning. A report by auditor Ernst & Young also found funds were transferred to Cotten personally and to other parties. Theyre still waiting. The closed-casket funeral took place in Halifax, Nova Scotia. Trust No One: The Hunt For The Crypto King is the latest true crime documentary to land on Netflix. However, his wife claimed that she had no idea how the founder handled his finances. Eventually, an investigation revealed that Gerry had committed fraud using customer money. According to VanderKlippes reporting, they planned to stay in Jaipur for four days. 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. Nonetheless, given that the two had been together for years, we can assume that they had a great relationship. His friends described him as him being 'very nerdy' and an introverted kid who struggled to fit in. Gerald Cotten (born 11 May 1988, age: 30 years) was a businessman and Quadriga Fintech Solutions owner from Canada. Cotten's sudden death in 2018 led to the disappearance of millions of dollars. At 15 years old, Cotten put his first pyramid scheme into motion. Is Kristie Mewis Dating the Aussie Star Sam Kerr? Well, the widow is also not active on any social media platforms, making it nearly impossible to track her current whereabouts. Who Can Access Them? Gerald must be 5 feet and 9 inches tall when he was alive. According to reports, Jennifers husband died of complications with Crohns disease on December 9, 2018. As a result, Jennifer had to deal with the legal ramifications. That's just one of the questions explored in the documentary Dead Man's Switch a crypto mystery (part of the 2021 Hot Docs festival), which takes you on a deep, but explanatory, dive into the mysterious death that left $215 million dollars in cash and cryptocurrency missing. Jennifer now lives in Halifax in Nova Scotia, Canada, with her two pet dogs. However, Jennifer had claimed in her court documents that she hadreceived threats and slanderous comments. The investigation found Cotten had created "fake Quadriga accounts, used fake funds and made real trades, betting on the value of cryptocurrency. Regarding speculation that he was still alive, Jennifer said, I saw Gerry die; I was holding his hand when he passed away. Wat het met Gerry Cotten gebeur? He loves to create content on the internet. But Quadriga was running out of money.. And on December 8 Gerald Cotten along with his wife visited Jaipur where they checked into the Oberoi Rajvilas under their four days pre-reservations. He first encountered Bitcoin in Vancouver, British . 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? Powered by WordPress.com VIP. I ended up losing my life savings I lost $400,000, he said in the documentary. Rather than leaving customers to maintain their own digital wallets with 64-character codes known as private keys that were impossible to remember and disastrous if lost, Quadriga often held onto the crypto for them. }); window._taboola = window._taboola || []; They were to sponsor an orphanage in the country as well. 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. Save my name, email, and website in this browser for the next time I comment. At the time, Gerry ran QuadrigaCX and profited from Bitcoins astronomical rise in value. According to reports published after his death, he married Jennifer Robertson in Scotland in October 2018. But after his death, many assets that were listed with his company were seized by Canadian banks as his company become insolvent after his death. They reported Quadriga had argued that the majority of the funds were really its property, and that CIBC freezing the funds was improper. Geralds death came as a shock and sparked an outpouring of grief. In July 2021 Winnipeg documentary filmmaker Sheona McDonald premiered a documentary about Cotten, entitled "Dead Mans Switch", at the Gimli Film Festival. 2023 Cinemaholic Inc. All rights reserved. Cotten didnt have time to enjoy the resort, though: He was feeling sick upon his arrival and would be dead within 24 hours. Jennifer met Gerry in November 2014 on Tinder. How Much Money Did Gerald Cotten Steal? Everything was going well until the press released the news of his death. In April 2019, Robertson voluntarily agreed not to sell or transfer any of her assets. When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. Gerry then spent the night in a private room at the hospital after being diagnosed with acute gastroenteritis. Gerald Cotten Defrauding The reason for her sudden disappearance remains a mystery. 'Trust No One' is a new Netflix documentary that explores the mysterious death of 30-year-old Gerald Cotten, the founder of Canada's largest bitcoin exchange who died suddenly while on his. 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. This disease may or may not have symptoms, but when you start to show symptoms, they get severe. He was the owner of Quadriga Fintech Solutions (QuadrigaCX) an exchange that deals in CryptoCurrency. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. 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. 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. Cotten was young, energetic, passionate about cryptocurrency so when. According to his widow, Jennifer Robertson, Cotten was the only one who knew the passwords to QuadrigaCX's offline crypto storage, meaning that digital currency that was worth around $200 . The couple jetted, often via private planes, to places like Paris, Hawaii and Morocco. Everything was going well until the press released the news of his death. Before arriving in Jaipur, Cotten and Robertson had already traveled to some of Indias biggest tourist destinations, including the Taj Mahal and Varanasi. He graduated from York in 2010 with a bachelor's degree in business administration. However, her denial of the exhumation demands only fueled the rumors. Gone stupid. (adsbygoogle = window.adsbygoogle || []).push({}); Munish Sehgal is an Indian writer from Punjab, India. However, a third cardiac arrest resulted in his death at about 7:26 pm. 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. The dude literally said that comment as a complete joke, and I even . 2023 NYP Holdings, Inc. 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