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. 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. There's also other posts on his Murdoch1337 account that are weird he asks for people to sell him old reddit accounts presumably because he would use these alt accounts to downvote people trying to slander his company or he would make posts on these alts saying how great Quadriga is. Cotten also took flying lessons as he appeared to be possibly preparing for a life on the run. Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him Credit: Netflix. A bitcoin mining operation in Saint Hyacinthe, Quebec. thinks that Gerald is deadnor did he ever meet his wife. https://bit.ly/3cAIH4j Newest Vid's https://bit.ly/3JkFmEqFollow Us On Facebook https://bit.ly/3oh5cS8Gerald Cotten or Gerry Cotten's life and tragic passing are shrouded in mystery. (Neither men were charged in connection with Liberty Reserve). 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. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. Netflix has tried to get to the bottom of things in its, Trust No One depicts Cotten as a nerdy, happy-go-lucky, and charming CEO, who was knee-deep in, reporter that the banks, which didnt trust crypto exchanges, had, The investors found more questions than answers. 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. After his death in December, his colleagues said that about $137 million in cryptocurrency belonging to about 115,000 customers was held offline in "cold storage" and inaccessible. Still, questions about the missing money only mounted when two. Browse Locations. Then, out of the blue, one Mike Patryn joined the Telegram group that investors were using to discuss conspiracies. She says she never received the passwords. Gerald Cotten. , and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. Want to bookmark your favourite articles and stories to read or reference later? A new Netflix true-crime documentary is tackling a bizarre story from the world of cryptocurrency. Neither Costodian or Quadriga could access the funds. ", He added: "We thought we were looking for basically a rich guy who had stolen money, Now either [Cotten is] dead, or if hes alive, hes a gambling addict whos broke.". Netflix has seen a boom with its true-crime docuseries, from 'Tiger King' to 'Making a Murderer.' I really prayed it wasn't a scam. Despite no concrete evidenceindeed, the murdered mans first name was not the same as Robertsons ex-husband, some angry investors lobbed death threats at Jennifer, convinced that she had murdered Cotten, too. "I couldn't get any sleep. On the 9th, he allegedly died after episodes of cardiac arrest. There were other problems around that time. The podcast was reported by Aaron Lammer and Lane Brown.[55]. The investors found more questions than answers. Indeed, QuadrigaCX launched just three months after sceptre put out a call to build a crypto exchange. [17] In June 2017, Quadriga announced that they had lost ethereum worth US$14 million due to a smart contract error. Soon enough, QuadrigaCXs customers struggled to withdraw money from the exchange. Something was afoot. ^ "Quadriga CEO's widow speaks out over his death and the missing crypto millions". Exit Scam host Aaron Lammer told CoinDesk: "My read was that, on some level, Gerry was addicted to scamming, "Addicted to stealing peoples money. Angry and suspicious investors congregated on Reddit and Telegram to try to get to the bottom of the mystery. [33] After the exchange was put into maintenance mode for several days in January, they announced on the 31st that they were applying for creditor protection. Cops believe that Quadriga CX was actually an wide-ranging Ponzi scheme - and Cotten would use fake accounts under the name "Chris Markay" to "buy" his customers Bitcoin using fake cash. And for some, things still looked suspicious. Fourteen trading accounts that were also examined were used to trade on other exchanges. However, in 2018, Bitcoin prices crashed and many began withdrawing their funds from Quadriga, except they were being met with error messages before the exchanges website stopped working in 2019. [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. I'm new to this subreddit, I apologise if anything I have said breaks the rules. The funeral, according to a Redditor claiming to be a contractor for QuadrigaCX, said that it was a closed-casket affair, and that Jennifer was fake grieving and dancing at the funeral to bacchanalian excess, and even kicked out Geralds family. The OSC. Photo by Gaetano Cessati on Unsplash. According to an investigation by Canada's Globe and Mail, Cotten. "Trust No One: The Hunt for the Crypto King". [17] In a 2014 interview, founder Gerald Cotten explained that the company stored customer funds on paper wallets in safe deposit boxes: "So we just send money to them, we dont need to go back to the bank every time we want to put money into it. There's a small chance that someone was investigating his old accounts and that they accessed his BlackHat but it's very unlikely. Some speculate that Cotten, who suffered with Crohn's disease, might actually be alive. [7][8], Quadriga co-founder Michael Patryn was identified by The Globe and Mail as Omar Dhanani, who was convicted on identity theft charges in the U.S. and served 18 months in Federal prison. But Cotten was a bad trader: losing money hand over fist, he gambled away about $150 million of customer funds. "I kept asking them: Where's my money? Did he Die? So his spiral down into a life of crime was either pure greed or him seeking the thrill. ET. Have something to tell us about this article? 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. His body was embalmed and sent back to Canada for a closed-casket funeral. seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. 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. Shortly after, the exchange stopped working entirely. 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. Many believe that Cotten faked his death, however, as part of an exit scam to get away with stealing millions from Quadrigas customers. And not even. "You appear dead for a few days, until you get the cure," the source said. 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 new documentary "Dead Man's Switch" looks at the mystery of Gerald Cotten, the QuadrigaCX CEO who unexpectedly died and some $250 in investors' money seemingly disappeared with him. [30], According to Jennifer Robertson, Cotten's widow, he died on 9 December 2018 while travelling in India. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. On 10 December, a death certificate was issued by the local municipality as well as a "no objection certificate" from the police to return the body to Nova Scotia. Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). 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.. Given the intrigue, some went so far as to question whether Mr Cotten had really died and demanded his body be exhumed. 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. About C$1.2 billion worth of bitcoin was exchanged on Quadriga. 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. - October, November, December - during all that time," he said. 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. Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband,. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. In their letter to the RCMP the law firm underlined the need for certainty around the question of whether Mr Cotten is in fact deceased. We explain who Gerald Cotten is, the subject of this documentary, and reveal where he is now, including the mystery surrounding his downfall. 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. The podcast was hosted by Takara Small. 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. His clients were locked out of about $250 million, and investigators later. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. Some have speculated his death was a clever ruse and there have been calls to have his body exhumed to prove it was a "fake". [21], Throughout 2018, as Bitcoin prices crashed, customers of the exchange reported delays when attempting to withdraw dollars. Robertson has denied any knowledge of her husband's wrongdoing - and in 2019 returned $9million to the company to repay users. The Netflix documentary will follow investors-turned-investigators looking into theories on the founder's sudden death. His body was repatriated to . But when the banks, the law, and the. Premieres in 2022 pic.twitter.com/rP9iFJHkWm. Mar. Please refresh the page or navigate to another page on the site to be automatically logged in, Please refresh your browser to be logged in, A lost password, a sudden death and $180M in missing crypto, Extra 20% off selected fashion and sportswear at Very, Up to 20% off & extra perks with Booking.com Genius Membership, 50 cash with friend referrals at Virgin Mobile, 15% off extra plans with this Vodafone promo, Compare broadband packages side by side to find the best deal for you, Compare cheap broadband deals from providers with fastest speed in your area, All you need to know about fibre broadband, Best Apple iPhone Deals in the UK March 2023, Compare iPhone contract deals and get the best offer this March, Compare the best mobile phone deals from the top networks and brands. When he was a 15-year-old in Belleville, Ont., Gerald Cotten was selling get-rich-quick schemes on online forums that taught him how to deceive investors and cover his tracks. 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". 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. A computer issue wiped $14 million of Ethereum off the exchange. But months later, customers still couldnt take their money out. 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. that after 2016, QuadrigaCX stopped producing consistent data about its holdings, and that large volumes of cryptocurrencies were being sent to foreign crypto exchanges. 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 passed away in 2018 with the secret of $250 million. 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. He appointed his wife as the executor of his estate, handing over a $9million real estate empire, his yacht and his Cessna plane - and he even left his two dogs an inheritance of $100,000. No longer a likable nerd, investors thought that Gerald, now sceptre, had been operating scams since he was 15. Gerald Cotten is a bitcoin millionaire from Canada whose death, supposedly from complications relating to Crohn's disease, is now being questioned. 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. Either the funds were never received or quickly went missing. 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. Where was the rest of the money? Gerald Cotten, the founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on it. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? Criminal probes continue by the Royal Canadian Mounted Police and the FBI as leading digital investing publication Coindesk branded his death as the "crypto's biggest mystery". Reported by Fansided, Globe and Mail journalist Nathan Vanderklippe spoke to Dr. Sharma, who dealt with Cotten when he came into the hospital. But the money, of course, was still missing. 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. 4 people named Gerald Betzen found in California, Texas and Massachusetts. TRUST NO ONE: THE HUNT FOR THE CRYPTO KING, a DONT F*CK WITH CATS-style investigative thriller, is now streaming on Netflix. Up to C$250 million (US$190 million) in cryptocurrency owed to 115,000 customers was missing[2] or could not be accessed because only Cotten held the password to off-line cold wallets. 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. 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? One of the. (His wife says he is in fact dead and witnessed his funeral). Fake trading: I'm almost certain that he was trading with fake crypto, Chris Markay was one of the accounts that Cotten used to trade his "crypto" he also is known to have other aliases Sceptre Gerry, Aretwo Deetwo and Seethree Peaohh. [16] In 2014 only C$7.4 million worth of bitcoin were exchanged on Quadriga. I just prayed. Finally, the OSC discovered something that cracked the case wide open. It is highly unusual for only a single executive to be the one with access to a company's fund, further muddying the waters around what happened to Cotten. The mystery of Cotten and Quadriga is now the subject of podcasts Exit Scam and A Death In Cryptoland. The two first met in November 2014 and had been together for some time before tying the knot in October 2018. A big chunk of it was given to him by his parents. Cotten's widow has rarely spoken publicly, but in an affidavit has described herself as being subject to "slanderous comments" over accusations her husband faked his death. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. CRYPTO scams are popping up all over the internet. We explain how to spot them. The streaming service announced the feature alongside a slate of upcoming true-crime projects last week. Many believe that Cotten faked his death, however, as part of an exit scam to get away with.
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