CryptoReviewing
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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