Yet, on October 8, 2019, Gerald Cottens wife returned 12 million Canadian dollars to Quadriga from her husbands estate. Review: 'Bitcoin Widow,' by Jennifer Robertson (QuadrigaCX) In January 2019, QuadrigaCX, the largest cryptocurrency exchange in Canada, went belly up after its founder, Gerald Cotten, died under bizarre circumstances in India. The 30-year-old created fake accounts on his platform and used them to trade fake Bitcoin for real money and digital currency. Powered by WordPress.com VIP. We've received your submission. This story has been shared 119,476 times. According to probate documents filed by Robertson, on December 21, 2018, he left her most of his personal assets of approximately 9.5 million CAD. [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. 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. Canada is notorious for having a lot of nice, trustworthy people and a buttload of others who exploit them, Gerard told The Post. And not everyone bought the story. Gerard takes a more fanciful view. He signs his Will and it stated that his wife will become the sole executor of his estate. Before his death, he also attended the Canada Institute Payment Forum. He died suffering from it on December 9, 2018. Cotten passed away from complications that arose from Crohn's disease while on a honeymoon in Indiaapparently taking some $215 million of customer funds to the grave. }); window._taboola = window._taboola || []; His death left investors locked out of their money and left Jennifer Robertson, Gerry's wife, to deal with the fallout. They would bring it to you in shoe boxes or big envelopes, McDonald said. 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. Born in Belleville, Ont., in 1988, Cotten was quick to profit during the . Trust No One: The Hunt for the Crypto King traces Cotten's devious and complex fintech crimes and explores a conspiracy theory that the con man faked his own death in order to escape prosecution from using his own Bitcoin to fund a lavish lifestyle of valuable real estate, fast cars and super yachts.. Crypto Con Man . Nevertheless, there has been no evidence that points to Gerry being alive. 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,. After Gerry died, no autopsy was conducted, and the body was sent back to the hotel. Gerald Cotten (born 11 May 1988, age: 30 years) was a businessman and Quadriga Fintech Solutions owner from Canada. Roughly $200 million (Canadian) in customer funds disappeared along with him. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. However, that request has not been fulfilled until now. When crypto boss Gerald Cotten died in 2018 he took with him a fortune of up to $CA215 million ($A234 million) in bitcoin and other digital currencies. 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. Gerald Cotten, who was the 30-year-old founder of cryptocurrency trading platform Quadriga CX, died while he was on his honeymoon in India in 2018 The company kept his death secret for a month. 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. 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.. I don't know who this other person is, but he's let me down so much.". Gerald Cotten, who was born on May 11th, 1988, was raised in Belleville, Ontario, before relocating to Toronto to enroll at York University's Schulich School of Business. According to the Netflix documentary, at least 110,000 customers were affected. But no autopsy was performed on Cottens body, so nobody can be sure why, exactly, he died a fact thats encouraged conspiracy theorists who believe that Robertson poisoned her husband or that hes not dead at all. Nonetheless, given that the two had been together for years, we can assume that they had a great relationship. You transferred them $1,000 and you could see the crypto in your account. Her husband Gerald Cotten died suddenly aged 30 on their 2018 honeymoon; . Jennifer stressed she had no knowledge of her husbands fraudulent activities and wondered why he did what he did. . After an investigation by the Ontario Securities Commission, it was found Quadriga CX was essentially a "Ponzi scheme." 1 April 2022. A journalist stated, Some people think Gerald is still alive, somewhere hes at the beach, sipping a Mai Tai; hes benefiting from all of the millions that were stolen from investors. All theories are unproven and Cotten is believed to have died in December 2018. The Globe and Mail reported the accounts belonged to QuadrigaCX's "payment processor", Costodian Inc., and its owner, Jose Reyes.". However, a third cardiac arrest resulted in his death at about 7:26 pm. Before his death made headlines worldwide, Gerald Cotten had just been a 30-year-old guy working in digital finance. I took out three loans from the bank and put it all into crypto. Suspicions were fuelled when his name was misspelled on his death certificate and by the fact that he had prepared his will just days before his honeymoon. People then demanded that his body be exhumed to prove he was truly dead. QuadrigaCX was a Canadian cryptocurrency exchange founded by Gerald "Gerry" Cotten and Michael Patryn in 2013. Gerald Cotten was the founder of QuadrigaCX, once Canada's largest cryptocurrency exchange. 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? Cotten took the cautionary step of storing most of the $250 million cryptocurrency deposits Quadriga managed in so-called "cold wallets". September 27, 2021 by Sunil Chaulagain. The two first met in November 2014 and had been together for some time before tying the knot in October 2018. 2023 BDG Media, Inc. All rights reserved. Home Wiki Gerald Cotten Wife, Death Cause, Wiki, Biography, Net Worth, Age, Parents, Siblings & Facts. 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 . 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". So, this could be one of the main reasons contributing to her sudden disappearance. Netflixs new documentary about Cotten and the mystery of his death. 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". Gerald Cotten, el hombre que se llev a la tumba la contrasea para acceder a US$190 millones en criptomonedas Su muerte prematura forz el cierre de QuadrigaCX, que lleg a tener hasta 115.000. As a result, Jennifer had to deal with the legal ramifications. As time went by, the money failed to materialize, with Jennifer stating that she had no access to the cold wallets that stored the cryptocurrency externally. RESENSIES. He was buried five days after passing away. She also mentioned that she washeartbroken by such demands. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. Gerry was 26-years-old when they first met and just getting into Bitcoin. Netflixs Trust No One: The Hunt for the Crypto King provides an insight into what happened to Gerry and the money that Quadrigas customers had invested on the platform. , which amounts to approximately US $195 million. Geralds death came as a shock and sparked an outpouring of grief. On December 8, 2018, the 30-year-old was rushed to a local hospital sometime in the evening. Yet, on October 8, 2019, Gerald Cottens wife returned 12 million Canadian dollars to Quadriga from her husbands estate. He graduated from York in 2010 with a bachelor's degree in business administration. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. This was for good reason. 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. container: 'taboola-below-article-thumbnails-2nd', After all, the request came from hotel employees. Gerald when died was holding an approx net worth of $140 million USD. 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. He would tell you that he ran a fabulous Bitcoin exchange, Gerard said. 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. 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. At the time, the couple was looking to open an orphanage in that country. His clients were locked out of about $250 million, and investigators later. She was apologetic about people losing their money, saying, I would have never, ever stolen from other people. G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. At 15 years old, Cotten put his first pyramid scheme into motion. He had thick sweeps of strawberry-blond hair, boyish enthusiasm and the kind of sunny disposition that made people want to be around him. However, her denial of the exhumation demands only fueled the rumors. In total there was CA$33 million in missing funds, reports the BBC. Geralds death came as a shock and sparked an outpouring of grief. 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. Who knows? said McDonald. But on December 9, 2018, Gerry died at a local hospital because of complications resulting from Crohns disease at the age of 30. Here's my take on Gerald Cotten and his suspicious death. container: 'taboola-below-article-thumbnails-3rd', Everything was going well until the press released the news 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. Later, she wasallowed to keepher wedding band, jeep, personal retirement savings fund, and $90,000 cash. Investors could not get in their money quickly enough. Gerald Cotten (born 11 May 1988, age: 30 years) was a businessman and Quadriga Fintech Solutions owner from Canada. Furthermore, Gerry signed his will less than two weeks before his death, leaving all of his assets to Jennifer. Netflixs new documentary about Cotten and the mystery of his death, Trust No One: The Hunt for the Crypto King, explores the mystery of Cottens death and the paranoia and conspiracy theories that circulated amongst Quadriga investors about whether or not he might still be alive. He was died on 9 December 2018, in Fortis Hospital, Jaipur, India. Before his death, he holds a certification in CryptoCurrency. Gerry Cotten in Netflix Documentary: The Story of the 'Dead' Crypto King. Geralds wife turned his Instagram into a private mode after his death. As the crypto market tanked, month by month clients saw their life savings evaporating. However, his wife claimed that she had no idea how the founder handled his finances. Vanity Fair magazine wrote an article about Cotten, in its November 2019 issue.