CryptoReviewing|Nov 11, 2026 00:01
This man died with the only password to C$190 MILLION of his customers' crypto.
Or that's what everyone was told.
This is Gerald Cotten. CEO of QuadrigaCX, one of Canada's largest crypto exchanges.
Dec 2018
- Cotten is in India
- He dies suddenly. He's 30
- His exchange says ONLY he knew the passwords to the cold wallets
Jan 2019
- Quadriga announces his death
- Customers can't get their money out
- But then something goes wrong
Investigators open the cold wallets.
They're EMPTY.
They'd been empty since April 2018. 8 months BEFORE he died.
Dec 2019
- Customers' lawyers ask police to dig up his body to prove he's really dead
- June 2020
- Ontario's securities regulator rules it was fraud
- He opened accounts under fake names
- Credited himself fake balances
- And traded his customers' money
- C$169 MILLION lost
So what really happened?
A) He died and took the truth with him
B) He faked it and walked away with the money
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