Indeed, QuadrigaCX launched just three months after sceptre put out a call to build a crypto exchange. [17][20], In 2017, Bitcoin experienced a speculative frenzy rising in price from about US$1,000 to almost US$20,000. - October, November, December - during all that time," he said. Gerald and Jennifer kept most of their relationship away from the public. Its the swindler story you havent heard of until now. [30], According to Jennifer Robertson, Cotten's widow, he died on 9 December 2018 while travelling in India. [17], In 2016, Cotten became the sole director of Quadriga when all the other directors resigned. He was one of the wealthiest people in the crypto world, and his company was at its pinnacle. He convinced tons of investors to fork over their money so he could invest it into Crypto. [15] He learned about Bitcoin in Toronto and travelled to Vancouver, British Columbia, where he founded Quadriga in November 2013 with Michael Patryn. "I couldn't get any sleep. firms", "What happens when your bitcoin banker dies? 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. 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. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? Soon enough, QuadrigaCXs customers struggled to withdraw money from the exchange. Robertson has not been accused of any wrongdoing - and has denied any knowledge of her husband's business dealings. Wood ordered a "30-day stay that precludes filing of claims against Quadriga", which is a temporary legal protection from its creditors under the Companies' Creditors Arrangement Act, a legal status that allows insolvent corporations to restructure their business and financial affairs. He would then use this crypto to make investments himself on other digital exchanges as he furnished his own pockets at the expense of his investors, according to accounting firm Ernst & Young. [33] Aaron Matthews served as Director of Operations. Despite no concrete evidenceindeed, the murdered mans. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges. He would grow up to be a cryptocurrency entrepreneur and run Canadas largest crypto exchange, QuadrigaCX, before dying under bizarre circumstances in 2018, leaving investors looking for a missing $180 million Canadian dollars. Everyone knows the story about the now-defunct QuadrigaCX . At first, the now-closed company allegedly blamed the delay on a legal issue with a bank. Someone tracked Patryn to a scam forum called TalkGold, where Patryn talked to one user in particular, sceptre, a bunch. Lived In Los Angeles CA, Austin TX, Van Nuys CA . ", QuadrigaCX founder used aliases, moved assets into personal accounts: report, "Quadriga Crypto Mystery Deepens With 'Cold Wallets' Found Empty", "After founder's sudden death, cryptocurrency exchange can't access $190 million in holdings", "Crypto Mystery: Quadriga's Wallets Are Empty, Putting Fate Of $137 Million in Doubt", "Unable to Retrieve Money, Cryptocurrency Investors Want Dead Executive Exhumed", Crypto exchange Quadriga was a fraud and founder was running Ponzi scheme, OSC report finds, QuadrigaCX: A Review by Staff of the Ontario Securities Commission, Quadriga CEO's widow speaks out over his death and the missing crypto millions, "Quadriga Accidentally Moved More Bitcoin to an Inaccessible Wallet", "Quadriga Founder's Widow Seeks Repayment of Her Costs", "Quadriga Lawyer Withdraws Amid Conflict of Interest Concerns", "Hot Docs Shane Smith: Weve crossed the digital divide", "Exit Scam: A Podcast Series about the Death and Afterlife of Gerald Cotten", "More than $400,000 in QuadrigaCX cryptocurrency disappears into 'cold wallet', "Before Quadriga: How shady ventures in Gerald Cotten's youth led to the creation of his ill-fated cryptocurrency exchange", "Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam", https://en.wikipedia.org/w/index.php?title=Quadriga_Fintech_Solutions&oldid=1141935834, Financial services companies established in 2013, Companies that have filed for bankruptcy in Canada, Pages containing links to subscription-only content, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 February 2023, at 17:09. Here's my take on Gerald Cotten and his suspicious death. I'm new to this subreddit, I apologise if anything I have said breaks the rules. He graduated from York with a bachelor of business administration in 2010. I ended up losing my life savings I lost $400,000, Tong Zou, a tech worker quoted in the film, says. Despite repeated and diligent searches, I have not been able to find them written down anywhere, she said in court filings. Is Gerald Cotten Still Alive? Did He Really Die? - The Cinemaholic Cotten's widow has rarely spoken publicly, but in an affidavit has described herself as being subject to "slanderous comments" over accusations her husband faked his death. It apparently had no formal accounting system. All Filters. But when the banks, the law, and the. Gerald Cotten. This was my entire savings, built through ten years of work, said one disgruntled customer in the doc. On this Wikipedia the language links are at the top of the page across from the article title. Directed by Luke Sewell, the original Netflix documentary Trust No One: The Hunt for the Crypto King follows a group of cryptocurrency investors hired to investigate the death of exchange founder Gerry Cotten and the alleged $250 million that he stole from them. Netflixs latest true crime documentary, Trust No One: The Hunt for the Crypto King, has arrived on the streaming platforms extensive catalog of intriguing documentaries. The Crypto King, aka Gerald "Gerry" Cotten, died in 2018, but his mysterious death is still a subject of controversy today. Like the end of a classic Ponzi, the OSC said that due to Cottens bad trades, QuadrigaCX couldnt afford to credit customers who withdrew funds. Criminal probes continue by the Royal Canadian Mounted Police and the FBI as leading digital investing publication Coindesk branded his death as the "crypto's biggest mystery". When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. Access your favorite topics in a personalized feed while you're on the go. TRUST NO ONE: THE HUNT FOR THE CRYPTO KING, a DONT F*CK WITH CATS-style investigative thriller, is now streaming on Netflix. **Warning Spoilers ahead for Trust No One: The Hunt for the Crypto King**. Subsequent investigations found that Michael Patryn, one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. At the time, he was the CEO of QuadrigaCX, a company that performed cryptocurrency exchanges. The tech whiz however didn't even need to do it - being an early believer in crypto, he likely would have got rich without the need to scam people. Overcast with rain showers at times. Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband,. And, wildly, was Jennifer, his wife, even. Given the intrigue, some went so far as to question whether Mr Cotten had really died and demanded his body be exhumed. I'm 99% sure he is still alive living nicely. Netflixs 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. But, due to the strict security of crypto, we may never know. It left Robertson the entire C$9.6-million estate and named her as the trustee. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. You get rid of a lot of the regulations, he said on a podcast in 2014. NOW WATCH: Netflix is headed for a huge profit milestone in 2018, Personal Finance Insider's picks for best cryptocurrency exchanges. Reported by Fansided, Globe and Mail journalist Nathan Vanderklippe spoke to Dr. Sharma, who dealt with Cotten when he came into the hospital. "At that point, we were desperate to recover funds and we were also convinced that a scam was underway," said QCX-INT, an individual who uncovered online documentation of Mr Cottens history of fraudulent behaviour, speaking anonymously to the CBC this year. But months later, customers still couldnt take their money out. But Cotten was a bad trader: losing money hand over fist, he gambled away about $150 million of customer funds. 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? Was the CEOknown for his luxurious lifestyle, which included jets, supercars and vacationsmurdered by a mob debt collector or a jealous lover? Gerald Cotten, 30, died abruptly in December 2018 of complications relating to Crohn's disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. You transferred them $1,000 and you could see the crypto in your account. He graduated from York in 2010 with a bachelor's degree in business administration.