His death sparked online debates and string theories on Reddit and. The death, and the resulting collapse of Quadriga, set off a score of government and citizen investigations into how so much digital currency could be spirited away. Sign up for notifications from Insider! [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. "I could have invested it in real estate. The shocking story has been recounted in a new Netflix documentary, Trust No One: The Hunt For The Crypto King. No one but him can access accounts, he ran a whole market on a laptop by himself with no other employees or partners anymore so only he could access it and he suddenly dies when he would be in massive debt for delayed payments and would likely be convicted for fraud or money laundering. And why did the Indian hospital that treated Cotten misspell his name on his death certificate? There's a small chance that someone was investigating his old accounts and that they accessed his BlackHat but it's very unlikely. Reported by Fansided, Globe and Mail journalist Nathan Vanderklippe spoke to Dr. Sharma, who dealt with Cotten when he came into the hospital. [30], According to Jennifer Robertson, Cotten's widow, he died on 9 December 2018 while travelling in India. The dude literally said that comment as a complete joke, and I even . [6], Ernst & Young was appointed as an independent monitor while Quadriga was granted temporary legal protection from its creditors under the Companies' Creditors Arrangement Act. His will was signed off just two weeks before he and wife Jennifer Robertson travelled to India on their honeymoon. 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? The two first met in November 2014 and had been together for some time before tying the knot in October 2018. It left Robertson the entire C$9.6-million estate and named her as the trustee. It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020. Start your Independent Premium subscription today. Gerald Cotten is allegedly meant to have died from Crohn's disease after the exchange crashed. Zou trusted Quadriga CX, Canada's largest cryptocurrency exchange, with C$500,000 (305,000). In other news, Attack on Titan Season 4 Part 4 to release Fall 2023, confirms new trailer, Trust No One: The Hunt for the Crypto King | Official Trailer | Netflix, https://i.ytimg.com/vi/vW2BPQ15OSw/hqdefault.jpg. "At that time, there was nothing I could do. The OSC. The streaming service announced the feature alongside a slate of upcoming true-crime projects last week. Angry and suspicious investors congregated on Reddit and Telegram to try to get to the bottom of the mystery. Forensic accountants discovered that Gerry was trading against fake users, crediting their account with fake currencies and pocketing the cash, using the proceeds to play the crypto market. "It just makes me more depressed about it," Zou told Sky News. Jilted investors in a defunct cryptocurrency company want to confirm the death of the business's founder by exhuming his remains. I really prayed it wasn't a scam. A bitcoin mining operation in Saint Hyacinthe, Quebec. reporters had a hunch that this was Gerry Cotten, and traced the account to another online den of thieves, BlackHatWorld. [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. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. Robertsons sister, for the record, doesnt think that Cotten had fabricated his relationship with Jennifer. 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. Though some dont believe Mr Cotten is really gone, the money from Quadriga is. Gerald Cotten, 30, held the virtual keys to a whopping $137 . 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. Cotten was the only one with access to necessary permissions. So his spiral down into a life of crime was either pure greed or him seeking the thrill. 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.. Many believe that Cotten faked his death, however, as part of an exit scam to get away with. 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. There is a clear lesson here that having a single person owning this information creates a huge vulnerability.. He graduated from York in 2010 with a bachelor's degree in business administration. Gerald Cotten Still Alive ? [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. I took out three loans from the bank and put it all into crypto. For instance, had Cottens death certificate, which spelled his name as Cott, , been faked? Even today, some investors remain unconvinced that Cotten really is dead. 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. Lawyers representing investors in what BBC. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohn's disease. , one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. A sneak preview of the Netflix doc contains images that suggest the documentary will show the investors dive deeper into these conspiracies. In December 2018, Cotten died during his honeymoon with his wife, Jennifer Robertson, in Jaipur, India. Cotten's sudden death in 2018 led to the disappearance of millions of dollars. "Trust No One: The Hunt for the Crypto King". Re-thinking indemnification for smart contract risks", "Bitcoin investors face long delays cashing out, criticize two B.C. 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. Subsequent investigations found that Michael Patryn, one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. The tech-savvy individual traced domain names, links, and trades on the blockchain, discovering a lengthy track-record of schemes, from Mr Cottens early days on TalkGold, to his association with a business partner named Michael Patryn. He appointed Peter Wedlake of Grant Thornton to be chief restructuring officer. The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. Even after Cotten's death news, some people still believe that he is alive, and one of the main reasons is because of his mysterious death. NOW WATCH: Netflix is headed for a huge profit milestone in 2018, Personal Finance Insider's picks for best cryptocurrency exchanges. Some have speculated that Gerald Cotten faked his own death and basically got a knock-off death certificate in India or perhaps he was killed by his business partners but even the death itself is incredibly suspicious. seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. And, wildly, was Jennifer, his wife, even real? A computer issue wiped $14 million of Ethereum off the exchange. [27] Another payment processor used by Quadriga, Crypto Capital, was named in a civil suit filed by the New York Attorney General in April 2019. Some 76,000 investors like Zou collectively lost out. 4 people named Gerald Betzen found in California, Texas and Massachusetts. 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. Was a recently-active Skype account proof he was still alive? We explain how to spot them. About C$1.2 billion worth of bitcoin was exchanged on Quadriga. pic.twitter.com/rGymJ5f9Or. When Quadriga CEO Gerald Cotten died suddenly in 2018, the passcodes for his cryptocurrency exchange died with him. The public didnt learn about the death for another 36 days, until January 2019. - October, November, December - during all that time," he said. 5 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. Some evidence suggested that Jennifer, if real, was acting strangely. "[18], The company tried to raise money and list on the Canadian Securities Exchange (CSE) working with Patryn. Gerald Cotten, 30, died abruptly in December 2018 of complications relating to Crohns disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. And for some, things still looked suspicious. Given the mysterious circumstances of his deathand the enormous amount of money he controlledits no surprise that conspiracies quickly sprang up in an attempt to piece together the puzzles around his death. Quadriga's accounts are estimated to have held 190million ($250million). Indian authorities maintain that Cotten, whose body was repatriated to Nova Scotia for a small closed-casket funeral, died on Dec. 9, 2018, shortly after checking into a luxury hotel in Jaipur. Gerald Cotten (born 11 May 1988)[14] lived in Belleville, Ontario before attending the Schulich School of Business at York University in Toronto. Finally, the OSC discovered something that cracked the case wide open. (India is notorious for forging fake death certificates by paying people off). CIBC stated that they could not determine the ownership of the money and could not contact Cotten or Quadriga. "What Quadriga really did with the money that customers gave it to buy Bitcoin remains a mystery," according to Chainalysis. Gerald Cotten, who was born on May 11th, 1988, was raised in Belleville, Ontario, before relocating to Toronto to enroll at York University's Schulich School of Business. Still, questions about the missing money only mounted when two. Customers reported that once they arrived, there was nobody in the office, or that there was no cash to be disbursed. Cotten's sudden death in 2018 led to the disappearance of millions of dollars worth of his investors' Bitcoin funds. [7] Meanwhile, in order to manage the finances of the company during the process, a third-party monitor, Ernst & Young, was appointed. A big chunk of it was given to him by his parents. Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. [42], Quadriga continued to accept deposits until 26 January. 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. Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange. 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". I put myself into a deep hole and the only way to dig out of it was to sell my house.. 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. Mom 'stabs 3 of her kids to death and wounds 2 others in unsupervised visit', Daughter of murdered couple linked to Delphi case reveals paranoia, Serena Williams stepmom's debts continue to spiral amid crumbling home battle, Alex Murdaugh looks unrecognizable in new mugshot hours after sentencing, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP. A 33-YEAR-OLD man lost his life savings after getting involved with a cryptocurrency trader who died, taking the password to access funds to the grave. Attack on Titan Season 4 Part 4 to release Fall 2023, confirms new trailer, {{#media.media_details}} {{#media.focal_point}}. The only catch: only Gerry knew the passwords to the companys crypto-vaults. 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. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him Credit: Netflix. For instance, had Cottens death certificate, which spelled his name as Cottan, been faked? [33] Aaron Matthews served as Director of Operations. Gerald Cotten had an estimated net worth of $80 million at the time of his death. An official investigation concluded that Quadriga was"an old-fashioned fraud wrapped in modern technology". Trust No One: The Hunt for the Crypto King. #GeraldCottenReallyDead #GeraldCottenStillAliveGerald Cotten Really Dead ? [38][39], According to some of Cotten's family members, there was a crypto "Dead man's switch" that would provide Quadriga with operating information in the event of his death; however, "neither the monitor nor others involved with the organization are aware of a dead-man switch email having been received.

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