Is Quadriga’s CEO Actually Dead, Or Is This A $140 Million Exit Plan?
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The high-profile death of Gerald Cotten, CEO of Quadriga crypto exchange, has raised significant concerns in the crypto industry in the last few days.
This is due to the fact that the CEO was the sole holder of the private keys and passwords to the company’s cold storage, which has about $140 million worth of cryptocurrencies. According to a statement by the wife of the deceased, a cybersecurity expert was hired to break into the CEO’s main computer, but it remains heavily encrypted and no tangible discovery has been made.
The lost cryptocurrencies include 26,500 bitcoins (BTC), 11,000 Bitcoin Cash (BCH), 11,000 Bitcoin SV (BSV), 430,000 Ethereum (ETH), 200,000 Litecoin (LTC), and 25,000 Bitcoin Gold (BTG). All together, that adds up to a scandal of massive proportions for the surviving administrators of Quadriga as they scramble to appease a lot of angry customers and clients.
Here’s what we know so far: Cotten died on December 9, 2018, due to complications arising from Crohn’s disease at the age of 30. Both a statement of death issued by a Halifax funeral home and a death certificate issued by the Government of Rajasthan’s Directorate of Economics and Statistics report that he died in Jaipur, India.
The circumstances are unusual, to say the least.
And as much as Cotten’s company and acquaintances try to paint this in the best possible light, there are elements in the story that don’t seem to add up — a few too many one-in-a-million chances. Rumors have been ignited, and, inevitably, there are those in the crypto community who have come to the conclusion that Cotten’s death was actually faked.
And while the crypto community is infamous for loving a good conspiracy theory, some high-profile members have dug a little deeper, and in doing their due diligence have found signs that suggest a money-laundering scam.
But first of all, what are people saying about Cotten’s conspicuous and badly timed death? And why?
A Modern Day Agatha Christie Novel?
The first detail that raises questions is the fact that the Cotten died in India, a country where the government has a difficult time maintaining order concerning documentations. Some parts of India have been known to fabricate birth, marriage, and death certificates. An event that exposes these fabrications has been recorded in the past in Mumbai.
In Jaipur, where Cotten died, it is said that a death certificate can be obtained by an application form, a fee receipt and an Aadhaar card (which can be replaced by an international passport for non-Indian citizens). This led many to suggest that the death can be framed through bribery or improper confirmation. An offshoot of this is this comment by a Redditor to the company to provide proof of Cotten’s death.
Visit - https://t.me/btctradingclub
The high-profile death of Gerald Cotten, CEO of Quadriga crypto exchange, has raised significant concerns in the crypto industry in the last few days.
This is due to the fact that the CEO was the sole holder of the private keys and passwords to the company’s cold storage, which has about $140 million worth of cryptocurrencies. According to a statement by the wife of the deceased, a cybersecurity expert was hired to break into the CEO’s main computer, but it remains heavily encrypted and no tangible discovery has been made.
The lost cryptocurrencies include 26,500 bitcoins (BTC), 11,000 Bitcoin Cash (BCH), 11,000 Bitcoin SV (BSV), 430,000 Ethereum (ETH), 200,000 Litecoin (LTC), and 25,000 Bitcoin Gold (BTG). All together, that adds up to a scandal of massive proportions for the surviving administrators of Quadriga as they scramble to appease a lot of angry customers and clients.
Here’s what we know so far: Cotten died on December 9, 2018, due to complications arising from Crohn’s disease at the age of 30. Both a statement of death issued by a Halifax funeral home and a death certificate issued by the Government of Rajasthan’s Directorate of Economics and Statistics report that he died in Jaipur, India.
The circumstances are unusual, to say the least.
And as much as Cotten’s company and acquaintances try to paint this in the best possible light, there are elements in the story that don’t seem to add up — a few too many one-in-a-million chances. Rumors have been ignited, and, inevitably, there are those in the crypto community who have come to the conclusion that Cotten’s death was actually faked.
And while the crypto community is infamous for loving a good conspiracy theory, some high-profile members have dug a little deeper, and in doing their due diligence have found signs that suggest a money-laundering scam.
But first of all, what are people saying about Cotten’s conspicuous and badly timed death? And why?
A Modern Day Agatha Christie Novel?
The first detail that raises questions is the fact that the Cotten died in India, a country where the government has a difficult time maintaining order concerning documentations. Some parts of India have been known to fabricate birth, marriage, and death certificates. An event that exposes these fabrications has been recorded in the past in Mumbai.
In Jaipur, where Cotten died, it is said that a death certificate can be obtained by an application form, a fee receipt and an Aadhaar card (which can be replaced by an international passport for non-Indian citizens). This led many to suggest that the death can be framed through bribery or improper confirmation. An offshoot of this is this comment by a Redditor to the company to provide proof of Cotten’s death.