Zou resorted to the cryptocurrency scheme to avoid bank charges when moving Vancouver, shifting his money from the US to a Canadian account. Obituary -Gerald Cotten Wife, Death Cause, Alive or Death? Wikipedia 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. [7][8] On 8 April 2019 the firm entered bankruptcy under the Bankruptcy and Insolvency Act as the possibility of a successful reorganization appeared to be remote. Trust No One: The Hunt for the Crypto King is now streaming on Netflix. Miller Thomson LLP sent a letter to the Royal Canadian Mounted Police on Friday, requesting authorities conduct an exhumation and postmortem autopsy on the body of Gerald Cotten, founder of QuadrigaCX, citing what the firm called the questionable circumstances around his death earlier this year. 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". 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. I just prayed. I could have put it in stocks. Sam, Bangs & Moonshine by Evaline Ness (Holt). [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. So what exactly happened to Cotten, and is he still alive somewhere sitting on a mountain of stolen crypto? (India is notorious for forging fake death certificates by paying people off). 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. One of the. It left Robertson the entire C$9.6-million estate and named her as the trustee. Start your Independent Premium subscription today. The business was run from Cotten's encrypted laptop from Cotten's home in Fall River, Nova Scotia. 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. What really happened to Gerald Cotten, Netflix's Crypto King? Gerald Cotten Still Alive ? [53], A Netflix documentary titled Trust No One: The Hunt for the Crypto King about the story of Gerald Cotten was released in March 2022. He passed away in 2018 with the secret of $250 million. The podcast was reported by Aaron Lammer and Lane Brown.[55]. It apparently had no formal accounting system. But the mingling didnt end there: the crypto kingpin also allegedly mixed client money with his own, according to investigators, funding the lavish lifestyle he became known for. The OSC. The laptop computer from which Gerry carried out the companies business is encrypted and I do not know the password or recovery key. Jennifer, scared for her safety, entered a safe house. He was able to keep the venture, called S&S Investments, going for three months, before it folded and investors money was gone. The accounting firm Ernst & Young, tasked with auditing the company as it undergoes bankruptcy proceedings, discovered numerous money-losing trades executed by Cotten, using customers funds. This was more of a gamblers high than a rich guys high as he pursued more and more of other peoples money, the stakes went up. CRYPTO scams are popping up all over the internet. Here Is Why People Think Gerald Cotten Is Still Alive: The Death An official investigation concluded that Quadriga was"an old-fashioned fraud wrapped in modern technology". Jennifer Robertson, the widow of QuadrigaCX founder Gerald (Gerry) Cotten, will be allowed to keep more than $90,000 cash and a Jeep Cherokee in a settlement agreement with the company's bankruptcy trustee. His death certificate was issued by the Indian authorities and contains an incorrect spelling of his name. Investors tried to pull their money from Quadriga, but sometimes faced month-long delays. Cbc.ca. 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. 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. He died just nine days into his honeymoon due to an acute stomach ache. But when co-founder Cotten died during a honeymoon in India, the money was seemingly lost forever. 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. 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. Did Cotten fake his own death, investors began to ask, absconding to lands anew under a new name and a surgically rejigged face? Browse Locations. Cotton's sudden death from complications of Crohn's disease aged 30 shocked the crypto world - but many believe he may have faked his death in an elaborate "exit scam". Lived In Los Angeles CA, Austin TX, Van Nuys CA . goes to Cottens hospital in India to put the whole fake death thing to bed. "[46] The Official Ontario Securities report on Quadriga is attached here. Where is Gerald Cotten's Wife Jen Robertson Now? - The Cinemaholic Gerald Cotten (born 11 May 1988)[14] lived in Belleville, Ontario before attending the Schulich School of Business at York University in Toronto. Gerald and Jennifer kept most of their relationship away from the public. Subsequent investigations found that Michael Patryn, one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. 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. He first encountered Bitcoin in Vancouver, British . Robertson has denied any knowledge of her husband's wrongdoing - and in 2019 returned $9million to the company to repay users. "Trust No One: The Hunt for the Crypto King". It was a perfect match, sparked up on Tinder, she said in the documentary. 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. Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange.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.. firms", "What happens when your bitcoin banker dies? While Robertson has possession of the laptop containing the necessary passwords, she remains locked out. His death certificate spells his name wrong, he was supposedly buried in a closed casket in Canada even though there is no evidence his body was ever moved from India and why would it need to be a closed casket? [51], A documentary titled Dead Man's Switch: A Crypto Mystery about the story of Gerald Cotten premiered at the 2021 Hot Docs Canadian International Documentary Festival. 4 people named Gerald Betzen found in California, Texas and Massachusetts. That same month, Quadriga filed for creditor protection, and scores of angry investors began furiously questioning where their money went, even though only Mr Cotten knew the keys to the companys crypto vault and never set up a dead mans trigger to send them elsewhere in case he was incapacitated. Stay up to date with what you want to know. [30], According to Jennifer Robertson, Cotten's widow, he died on 9 December 2018 while travelling in India. "It just makes me more depressed about it," Zou told Sky News. Have something to tell us about this article? They also found a substantial amount of money was used to fund a lavish lifestyle for the couple, including the use of private jets and luxury vehicles. [2], In January 2019 Ernst & Young reported that Quadriga did not have a bank account, but instead used third-party payment processors. Netflix's 'Trust No One': Who Was QuadrigaCX CEO Gerald Cotten? In November 2018 the case was decided with the accounts going to the court to decide the ownership individually. [47], Gerald Cotten's widow has maintained that she knew nothing about her husband's activities and agreed to forfeit $12 million in assets. Access your favorite topics in a personalized feed while you're on the go. So the Globe goes to Cottens hospital in India to put the whole fake death thing to bed. It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020. Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. The user said that he left the company in 2016, and that the company was legitimate at the time. 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 was 15 when he ran his first documented get-rich-quick scheme. Some also believe that Gerald isnt even dead at all but rather hiding away with the hundreds of millions of dollars he controlled. His body was repatriated to . After some more digging, the reporter found an order form filled out by one Gerald Cotten. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohn's disease. Is Gerald Cotten really dead? : r/QuadrigaCX - reddit It was one of the only games in town [for crypto enthusiasts], Sheona McDonald, who directed the film, told The New York Post. 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. It's clear to me that Cotten gave himself millions of dollars worth of crypto as the owner to trade people fake crypto and give himself millions of dollars. The user said that he left the company in 2016, and that the company was legitimate at the time. 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. Was the CEOknown for his luxurious lifestyle, which included jets, supercars and vacationsmurdered by a mob debt collector or a jealous lover? [9][10], The Royal Canadian Mounted Police (RCMP) and the U.S. Federal Bureau of Investigation (FBI) were reportedly investigating the company. Likewise, the public was not much intrigued about their lives up until . A big chunk of it was given to him by his parents. Either this is a 1 in 100 million coincidence or he is still alive. Its the swindler story you havent heard of until now. A lost password, a sudden death and $180M in missing crypto A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. 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. Dhanani also had pleaded guilty to burglary and grand theft charges and had been deported to Canada. "It did become an obsession.. Here Is Why People Think Gerald Cotten Is Still Alive. Quadriga CX was left owning its 76,000 investors around $215million (CAD). The doctor, reported the Globe, initially diagnosed Cotten with little more than travelers diahrrea, but kept him in hospital just in case. QuadrigaCX's Crypto Accounts Were Emptied Months Before CEO's His death left investors locked out of their money and left Jennifer Robertson, Gerry's wife . "What Quadriga really did with the money that customers gave it to buy Bitcoin remains a mystery," according to Chainalysis. She had accompanied him to a hospital in Jaipur the previous day and he was diagnosed with septic shock, perforation, peritonitis, and intestinal obstruction. Shortly after, the exchange stopped working entirely. Attack on Titan Season 4 Part 4 to release Fall 2023, confirms new trailer, {{#media.media_details}} {{#media.focal_point}}. G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. And who dies from Crohns disease at 24 years old? His death sparked online debates and string theories on Reddit and. There is a clear lesson here that having a single person owning this information creates a huge vulnerability.. [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. In January 2014 they installed the second Bitcoin ATM in Vancouver. 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. Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. "You appear dead for a few days, until you get the cure," the source said. 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. Mr Cotten, 30 at the time of his death, seemed to be living the dream life of a financial titan. [28], Quadriga used an unusual teller-window system for customers to withdraw their money. at the time Canadas largest cryptocurrency exchange, Gerald Cotten, 30, died in questionable circumstances, Canadian company founder took crucial password to the grave. Either the funds were never received or quickly went missing. 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. **Warning Spoilers ahead for Trust No One: The Hunt for the Crypto King**. [48], On 5 February 2019, Nova Scotia Supreme Court Justice Michael J. The thing about conspiracy theories, though, is that they mutate out of control very quickly, and arent always reflective of the latest evidence. Its pretty much money by people for people.. All that money vanished into the crypto ether and only once investigations occured did people start to think that it may have been a scam all along. One of the Globe reporters had a hunch that this was Gerry Cotten, and traced the account to another online den of thieves, BlackHatWorld. Died, and He Had the Passwords", "Pre-filing report of the proposed monitor", "Controversial QuadrigaCX cryptocurrency exchange placed in bankruptcy", "Quadriga Should Shift to Bankruptcy Proceedings, Monitor Says", "FBI Probing Bitcoin Exchange Quadriga Over Missing $136 Million, Source Alleges", "Quadriga: Lawyers for users of bankrupt crypto firm seek exhumation of founder", "How Gerald Cotten built Quadriga and created the ensuing crypto storm", "Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga", "Geek Speak: Gerald Cotton, CEO of Quadriga CX", "Crypto chaos: From Vancouver to Halifax, tracing the mystery of Quadriga's missing millions", "Quadriga's late founder used to store clients' Bitcoin passwords on paper so they wouldn't get lost", "A crypto exchange CEO dies-with the only key to $137 million", "Details emerging about Gerald Cotten, the young founder of QuadrigaCX", "My smart contract just ate $14 millionnow what? Here's my take on Gerald Cotten and his suspicious 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. The crypto entrepreneur bought increasingly lavish purchases: a $600,000 yacht, a high-end Lexus, 17 homes in Canada, a plane. His body was repatriated to Canada and a funeral was held in Halifax, Nova Scotia. Was a recently-active Skype account proof he was still alive? Before Quadriga: How shady ventures in Gerald Cotten's youth led to the A new Netflix true-crime documentary is tackling a bizarre story from the world of cryptocurrency. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. Robertson has not been accused of any wrongdoing - and has denied any knowledge of her husband's business dealings. [49], On 5 March 2019, Justice Wood extended Quadriga's court protection to 23 April. And for some, things still looked suspicious. It essentially removes the need for a central authority. When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. Then, as their accounts accumulated hundreds of millions of dollars, Gerald passed unexpectedly, taking the passwords to the accounts to his grave. 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. Image Source: Social Media. I didnt know that Gerry was married, he says. 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. There's a small chance that someone was investigating his old accounts and that they accessed his BlackHat but it's very unlikely. The only catch: only Gerry knew the passwords to the companys crypto-vaults. According to an investigation by Canada's Globe and Mail, Cotten. Gerald Cotten: 5 Fast Facts You Need to Know | Heavy.com [17], In 2016, Cotten became the sole director of Quadriga when all the other directors resigned. He launched QuadrigaCX in 2013, and it quickly became one of the largest crypto exchanges. Cottens death will likely remain a mystery, with some believing that he is still residing somewhere in the world with the stolen money. 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. So the. Trust No One: The Hunt for the Crypto King. Gerald Cotten, the founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on it. Mr Patryn pled guilty in 2005 to working in an identity fraud ring, and did business under a company called Midas Gold as an intermediary with Liberty Reserve, a Costa Rican digital currency firm busted as one of the largest money laundering operations in history. Cotten and Patryn's past: He's also been linked to many other "Cryptocurrency markets" in the past with his old partner Patryn who has changed his name twice because he was charged with laundering money. Investors who lost $190m demand exhumation of cryptocurrency mogul 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.
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