The situation surrounding his company before his death raised suspicions among many investors that Cotten had faked his death to keep all the money to himself. Gerald Cotten, 30, held the This article explores the issues surrounding his death and its implication on the Canadian Crypto Industry, Factors Influencing Cryptocurrency Prices, Profitable Proof of Stake Cryptocurrencies. One day, he was on his honeymoon, enjoying the opulence of Jaipur. Gerald Cotten, head of the Quadriga cryptocurrency exchange, and his wife Jennifer Robertson came here on their honeymoon before Mr. Cotten died. Thats a good thing, and its good for the kids, Mr. Cherukupalli said. They planned to spend four nights in the city, according to their booking with the Oberoi, which sent an Audi Q7 to the airport to pick them up, according to e-mails obtained by The Globe. Gerald Cotten, who was the only person who knew the passwords for the cold wallets. Source: cbc.ca. He had an air of being successful, but he wasnt flashy, said the neighbours, all of whom declined to be named out of respect for the grieving family. Jaipur's privately owned Fortis Escorts Hospital.Nathan VanderKlippe/The Globe and Mail. The report confirms that, after Cotten died, he essentially took the passwords to millions of dollars with him. Anyone who buys a hot plane needs to fly it every weekend to be safe and good. Each record contains images of Mr. Cottens passport. The room is a museum, and embalming is done elsewhere, the departments head, Sangita Chauhan, said. Both worked out of their home in Fall River, N.S. Whats highly suspicious and insane here is that they did not have a multi-signature wallet set up for $190 million worth of customers cryptocurrency. Gerald Cotten died unexpectedly in December of 2018, but don't try telling that to the people who lost millions worth of cryptocurrency as a result. Try again. Cottens wife has also said that she has been unable to find any corporate records. After a meteoric rise to the summit of Canadas blockchain community, Cotten (allegedly) died from complications of Crohns disease while on a visit to India in December 2018. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. comments sorted by Best Top New Controversial Q&A Add a Comment . Year should not be greater than current year. He was a really beautiful human being and passed away so young. He was resuscitated, but his blood pressure was low, and he was placed on a ventilator. Just days before they left, Users were not charged a fee to deposit or withdraw Cryptocurrency to or from the Platform., Investors want QuadrigaCX founder Gerald Cottens remainsexhumed https://t.co/WdjuVWXnpg pic.twitter.com/yTEwZsEg4y, #todayheadline (@TodayHeadline42) December 15, 2019, A friend told Vanity Fair that Cotten wasnt evil but rather was careful and pragmatic., The guy had more money than he knew what to do with, said Eric Schletz to Globe and Mail. Now, his demise has left his company and industry in turmoil. The biggest crypto news and ideas of the day. Jaipur's privately owned Fortis Escorts Hospital. Others spend as many as three days at the orphanages their dollars have built. Cotten was 30 at the time. Mr. Cherukupalli is a Christian pastor who began to care for local orphans two years ago, buying a tract of land and erecting a temporary shelter. The Amber Fort, a centuries-old royal residence that draws tourists to Jaipur. And then you stop flying altogether.. Powered by. Dying from Crohns disease when only 1.6% of sufferers from this disease die of it and to happen to die from Crohns disease in such a young age is incredibly rare. Photo by Handout. According to Robertsons statement, he had died of complications from Crohns disease, which is not generally fatal. Little is known about Ms. Robertson, who appears to have used three different surnames since she began buying real estate in Nova Scotia with Mr. Cotten in 2016. He was admitted with symptoms of acute gastroenteritis, said Dr. Sharma, a gastroenterologist. Shutterstock Images. That Mr. Cotten did indeed die is a certainty among police and medical professionals in India, and The Globe reviewed hotel, hospital and embalming records that give no suggestion of anything abnormal. This browser does not support getting your location. Gerald Cotten is a bitcoin millionaire from Canada whose death, supposedly from complications relating to Crohns disease, is now being questioned. QuadrigaCX never disclosed their cold storage wallet addresses. But she laughed at rumours that Mr. Cotten has faked his demise. Receive latest Coin Review, Cryptocurrency & Bitcoin news. DeFi Platform Oasis Recoups $ 140 Million Stolen Funds from Solana Wormhole Bridge Hack, MATIC is the 2nd Most Favorite Token of top 5000 ETH Whales. Learn more about merges. The monthly payments have gotten so high that he has quit trying. Ukraine Buying Their 60% of Military Equipment Through Bitcoin! After he died, the exchange tried, but could not, find significant cryptocurrency reserves, BBC reported. Failed to remove flower. None of Ms. Robertsons family members have responded to requests for comment. But Mr. Cotten, the head of the QuadrigaCX cryptocurrency exchange, was unwell, and the events that would unfold over the next 24 hours would leave him dead in a Jaipur hospital thrusting him and the circumstances surrounding his death into the international spotlight. He spent the night in the hospital but then deteriorated suddenly. He was hardworking and passionate, with an unwavering commitment to his customers, employees, and family., It added: Through his hard work and dedication, Gerry contributed greatly to the growth and development of the Crypto Currency industry. We did everything we could, he said. A law firm representing users of the now-defunct crypto exchange QuadrigaCX wants investigators to exhume the body of its former CEO. She asked Ms. Robertson if she wanted to sell the aircraft. There was an error deleting this problem. Before his death made headlines worldwide, Gerald Cotten had just been a 30-year-old guy working in digital finance. They had a reservation at the Oberoi Rajvilas, a luxurious resort where peacock calls echo across the verdant grounds. Learn more about managing a memorial . Failed to report flower. Then, through another pastor, he was asked if he would be interested in becoming involved with Angel House, which promised a concrete structure that wouldnt leak when it rained. His wife didnt complain. You are nearing the transfer limit for memorials managed by Find a Grave. He accepted. The status of a request to exhume the body of a cryptocurrency businessman remains a mystery. Ms. Robertson told the court in her affidavit while filing for creditors protection that she and her colleagues have been threatened by investors and online crypto communities. But if he was going to spend the money, he was going to buy something nice., Quadrigas statement continued, Gerry cared deeply about honesty and transparencyvalues he lived by in both his professional and personal life. Even long before that, it sat out there on the lot. Bitcoin, Ethereum Price Analysis: Slight Improvement after US Inflation Report, Ethereum, Bitcoin: Bearish, however, small buyers are massively accumulating. Gerald Cotten was cremated and his ashes were dumped into a river in India and to make it even better he filed a will 12 days before his death. Are you sure that you want to report this flower to administrators as offensive or abusive? She was, she wrote, bringing his body home to Canada.. Transport Canada records show the Cessna 400 was registered in February of that year by a company called Megacorp Inc., which has a Toronto mailing address and is connected to Mr. Cotten. Thank you for fulfilling this photo request. but he casually forgot to include any information about how to release the $190 million in user funds on his exchange which he had the sole access to. Where Is Gerald Cotten Buried, Is He Really Dead? Dr. Sharma prescribed antibiotics. Be a smarter, safer investor in eight weeks. She had checked out of the Oberoi at 3:04 p.m. on Dec. 10, reimbursing the hotel by credit card for $1,640 in cash sent to the hospital. Why not Ontario where he was from and where his parents are, or Vancouver where he lived? On Dec. 13, Mr. Cottens death was registered with the Government of Rajasthan Directorate of Economics and Statistics, which works out of a cramped ground-floor office on a busy street stacked high with colourful paper files. It was only the beginning of the macabre uncertainties that would unfold. Blood tests showed elevated levels of white blood cells, an indication of sepsis. Arriving here they were, for a moment, a modern-day king and queen, the latest adventure for a couple whose lives were studded with signs of affluence. cemeteries found within miles of your location will be saved to your photo volunteer list. Gerry passed away from cardiac arrest, she wrote in the e-mail, obtained by The Globe. He became restless and developed respiratory stress as well. Quickly see who the memorial is for and when they lived and died and where they are buried. According to the Financial Post[2], Gerald was a thirty year old working in digital finance. It was later revealed that Cotten had likely used at least some of the crypto taken from Quadriga to margin trade small-cap alternative cryptocurrencies. On an Instagram account that appears to have been operated by Ms. Robertson, she describes herself as a travel addict and globetrotter, noting she has visited 35 countries. The college is located in a low-slung building that opens to a verdant inner courtyard, where corridors are lined with biographies of Nobel laureates and other medical notables, including Hippocrates. CoinReview.com publishes content that is intended strictly for the purpose of informing the reader. Cotten Died in India, Reportedly of Complications from Crohns Disease, Taking the Passwords to a Fortune With Him. This is what we know about how he lived and how his final day unfolded. The day Mr. Cotten died, he did not meet Ms. Robertson, nor did he speak with her. The couple planned to spend two hours there for dedication, and we planned for them to eat with the children, said Stephen Chittibabu, who works with Angel House in India, where its homes house 4,285 children. Documents gathered by The Globe show that the couple arrived in New Delhi on Nov. 30, entering the country on tourist visas. Ernst & Young alleged Cotten had created Quadriga accounts under different names, and received Substantial funds, according to The New York Post. Quadriga released a statement on Jan. 14 saying Mr. Cotten had gone to India to open an orphanage to provide a home and safe refuge for children in need.. On the morning of Dec. 10, Anoop Singhs phone rang, with a request from Fortis Escorts Hospital for a no objection certificate, a police declaration that clears a death of suspicion of foul play. He didnt give enough time, Dr. Sharma said. This is a carousel with slides. All of these have reported withdrawal issues in the recent past. What grabbed attention wasnt the death of the CEO who had gone to open an orphanage in India, it was the fact that he died with the access password to $190m of clients money. According to court documents, QuadrigaCX CEO Gerald Cotten died Dec. 9, 2018, in India due to complications from Crohn's disease. Why not Ontario where he was from and where his parents are, or Vancouver where he lived? Mr. Schletz said in a telephone interview that he was reluctant to speak about his deceased friend. Did He Really Die? Mr. Cotten's childhood home in Belleville, Ont.Fred Lum/The Globe and Mail, The antiques store in Belleville operated by Mr. Cotten's parents sits shuttered.Fred Lum/The Globe and Mail. Family members linked to this person will appear here. WebWhen Bitcoin CEO Gerald Cotten died at 30, $271 million of cash and cryptocurrency disappeared too, sparking some dark theories. Read Next: Are Centralized Exchanges getting Worst Enemy of Cryptocurrency? Still, Mr. Cotten died under circumstances that Dr. Sharma and a local embalmer who refused to prepare his body for transport from India found unusual, and the details The Globe uncovered about his final hours only add to the enigma surrounding Mr. Cotten. But soon after, Mr. Cotten complained that he has got some pain in his stomach, said Anand Srivastava, Jaipurs police commissioner. WebGerald Cotten, who was born in Fall River man, died in 2018 in India at the age of 30, taking with him the access codes for about $190 million in investments allegedly stored in encrypted "wallets." Previously sponsored memorials or famous memorials will not have this option. News and analysis for the professional investor. In January 2019, Quadriga wrote in a statement on Facebook, It is with a heavy heart that we announce the sudden passing of Gerald Cotten, co-founder and CEO of QuadrigaCX. The Disappearance of Gerald Cotten. Shutterstock Images. There are no volunteers for this cemetery. Drag images here or select from your computer for Gerald William Gerry Cotten memorial. This is basically a 30-day stay of proceedings in a way to stop any lawsuits from proceedings against the company at this point. At 2:45 p.m., Mr. Cotten went into cardiac arrest. It was a very natural case. In Canada however, regulation of the crypto industry is very light as government agencies do very little to regulate the industry or protect investors. But the circumstances nonetheless left her feeling uncomfortable. Cottens death would probably not have caused so much international uproar if he had not apparently gone to the grave with millions of investor cash. Reddit and its partners use cookies and similar technologies to provide you with a better experience. In December 2018, Cotten died while on his honeymoon with Robertson in Jaipur, India from complications related to Crohn's Disease. Mr. Cotten did not respond to her e-mails, but was quick on text communications. A forensic investigation revealed those wallets were empty, and that Cotten used aliases to transfer clients funds into his own accounts., Gerald Cotten, 30, was the CEO of QuadricaCX, the largest cryptocurrency exchange in Canada which defaulted last year following his death while abroad with his wife Jennifer Robertson. This is where Mr. Cotten parked the plane he bought in 2017. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohns disease. Cottens death has been under suspicion since it was announced. Staff at SMS Medical College, where the Oberoi workers went next, asked fewer questions. But it didnt fly much.. Are Centralized Exchanges getting Worst Enemy of Cryptocurrency? but if the worst rumors prove to be true and the scammers get caught maybe some people will get a bit of their money back assuming that the lawyers are not able to get it out of the laptop. The facility includes a museum, with a sign reading "ANATOMY WELCOMES YOU" in bones. CoinDesk journalists are not allowed to purchase stock outright in DCG. The death certificate, obtained by The Globe, lists his address at time of death as the Oberoi Rajvilas. Still, the initial diagnosis pointed to little more than travellers diarrhea. Translation on Find a Grave is an ongoing project. The mystery of Cottens death was finally put to rest when Nathan VanderKlippe, a journalist at Canadas Globe and Mail, traveled to Quadriga exchange was launched Four months after Cotten granted an interview[3] announcing the creation of a platform that would enable Canadians have greater access to the crypto market. Sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. A sign affixed to its storefront, roughly nine kilometres west of the familys home, directs visitors to its online auction house. I couldnt find him. Although, Cotten apparently meant well for his thousands of customers by personally handling their finances himself; it has apparently backfired as his legacy is being threatened. An associate with the law firm told CoinDesk that the firm does "not intend to share this attorney work product publicly.". Weve updated the security on the site. CBC reported that Cottens widow had agreed to surrender the contents of his estate and the vast majority of her own assets to pay back the companys jilted clients. Altogether, 76,319 unsecured creditors claimed they were owed $214.6 million. Fifty-five minutes later, they arrived at the Oberoi, where guards salute visitors and lead them to an entrance where water burbles down a stone channel into a basin filled with rose petals, a fragrant homage to the nearby palace that was a royal residence for centuries of maharajas. Jayant Sharma, the doctor who treated him and produced a medical report about his death, confirmed that the man he saw matched photos of Mr. Cotten. Use Escape keyboard button or the Close button to close the carousel. If he perforated [his bowel] well, people can get really sick really fast.. He now owes almost $11,000, equivalent to seven years of average income. With so many coincidences its crazy. Please ensure you have given Find a Grave permission to access your location in your browser settings. Maybe the founder really died and no one has the access to the users funds and its just a case of coincidences about Dhanani, cremation of the body etc. He was 30-years-old. Jennifer Robertson was the wife of Gerald Cotten, aka "The Crypto King," whose sudden death is the focus of Netflix's latest true-crime documentary "Trust No One: The Hunt for the Crypto King." The background material was not shared. He became interested in bitcoin and cryptocurrency after joining a community of like-minded people in Vancouver, Vanity Fair reports. Use the links under See more to quickly search for other people with the same last name in the same cemetery, city, county, etc. Before his sudden death, there were also quite a few reports of long delays in getting withdrawals. His wife probably had the rights to his body upon his death and buried him anywhere she likes I assume. The Oberoi Rajvilas in Jaipur, India, is built to resemble a modern-day palace. Usually bodies are brought to her by ambulance. I am heart broken but trying to stay strong for him., In Debert, N.S., Mr. Cotten's Cessna 400 sits at the Truro Flying Club.Darren Calabrese/The Globe and Mail. He also used the name Omar Patryn in a forfeiture case. Share this memorial using social media sites or email. Shutterstock Images Ive seen Gerry walk through an airport with $50,000 in cash. Cottens death was kept secret for a month after his passing, with the exchange accepting deposits but not allowing at least some customers to withdraw funds throughout that time. The Netflix documentary will follow investors-turned-investigators looking into theories on the Cotten had been in charge of affairs at QuadrigaCX, solely responsible for handling all funds at the exchange. The customers who are being owed arent just crypto enthusiast or billionaires, they are ordinary people with bills and mortgages to pay. Ive somewhat overextended myself. Representative Counsel respectfully requests that this process be completed by Spring of 2020, given decomposition concerns, the letter states. It reads: Im currently in Toronto about to fly to India to open an orphanage. Donors want to see their money being used. Anoop Singh is the station house officer for Jawahar Circle, which issued a certificate for Mr. Cotten clearing his death of suspicion of foul play.Nathan VanderKlippe/The Globe and Mail. cemeteries found in will be saved to your photo volunteer list. in Debert, N.S., a dont-blink-or-youll-miss-it farming community about 100 kilometres northwest of Halifax. Rama Rao Cherukupalli and his wife, Rajitha, stand outside the orphanage in Venkatapuram, India, largely built with a donation from Mr. Cotten.Nathan VanderKlippe/The Globe and Mail. Gerald Cotten. He never responded. Users could transact in Canadian dollars, US dollars (collectively Fiat), Bitcoin, Bitcoin Cash S.V., Bitcoin Cash, Bitcoin Gold, Litecoin and Ethereum (collectively Cryptocurrency). Some information may no longer be current. It was like a fairy tale when news broke about the death of the CEO of Canadas Largest Crypto Exchange QuadrigaCX Gerald Cotten taking with him the password to over $190 million in customers funds. According to CBC, what caused concern: Cotten died with sole knowledge of passwords used to encrypt cold wallets offline storage devices of various cryptocurrencies. No one had seen the Cottens in about three weeks; some said they were on vacation, but no one seemed to know where. According to a Lengthy Vanity Fair profile. This account has been disabled. Bitcoin rises above $50,000 as major altcoins recover. The rise of cryptocurrency since 2009 has come with many positive and negative opportunities. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. It is unconfirmed whether these are the addresses of QuadrigaCX, research has indicated that QuadrigaCXs litecoin cold storage wallets are moving litecoin after the claim that the keys were lost. According to BBC, questions started swirling when Gerald Cotten died suddenly last year in India from complications related to Crohns disease.. Im not taking any body from the hotel, it should come from Fortis. . That itself is a bit of a red flag. When Gerald Cotten and Jennifer Robertson made plans to honeymoon in Jaipur, India, last December, they had a lot to look forward to. The problem was that Cotten, who died at age 30, was the only person who had passwords to digital wallets containing C$180 million ($137m; 105m) in cryptocurrencies, according to BBC. To use this feature, use a newer browser. Your new password must contain one or more uppercase and lowercase letters, and one or more numbers or special characters. Now there's a request to exhume his body. Gerald Cotten died mysteriously with a large sum of money in his bank account, leaving everything to his wife. In that will Gerald Cotten accounted for things like his dogs to be taken care of, his house etc. based on information from your browser. To add a flower, click the Leave a Flower button. She said he did not fly his plane at all during her time as manager. We shifted him to the intensive-care unit immediately, Dr. Sharma said. You can always change this later in your Account settings. Probing the intersection of crypto and government. But the couple only planned to spend two hours of a weeks-long honeymoon at the orphanage they had paid to build though their donation was insufficient to equip the home with doors, even to its bathroom, and leaves the man caring for the orphans in crippling debt. Arriving guests are greeted by staff who offer chilled towels and flutes of a sandalwood rosewater infusion. He went into cardiac arrest again and was resuscitated once more. Brother of Bradley. Facebook What financial advisors need to know about crypto. A guide to complicated crypto trading, Opinion: The crypto world is a dangerous place for ordinary investors, and regulators, Opinion: Lessons of Quadriga fiasco not as obvious as many think, The Amber Fort, a centuries-old royal residence that draws tourists to Jaipur.Nathan VanderKlippe/The Globe and Mail, Another of Jaipur's major tourist draws is the Hawa Mahal, an 18th-century palace.Nathan VanderKlippe/The Globe and Mail. Only Mr. Cotten held the passwords to encrypted vaults that could offer clues to the whereabouts of that money. At the Amber Fort, a palace overlooking the city, exquisite marble decorations delicate butterflies and flowers etched into white stone, with inlaid accents of black that echo the extraordinary craftsmanship of the Taj Mahal offer a vivid testament to the privilege that has accumulated here. On her way home with the body, she was met in New Delhi by staff of the Canadian High Commission, she said in her statement on Friday. But if he was going to spend the money, he was going to buy something nice.. Press question mark to learn the rest of the keyboard shortcuts. WebQuadrigaCX CEO, Gerald Cotten Took $190 Million of Cryptocurrency to the Grave. In India, meanwhile, even the couples act of charity has left questions and financial pain. Ms. Robertson had booked a deluxe room at $923 a night (the Oberoi does not accept bitcoin for payment). or don't show this againI am good at figuring things out. They headed to Fortis Escorts Hospital, part of a private health-care chain. WebGerald Cotten was a Canadian financier, whose sudden death, at 30-years-old, stirred controversy. Is Gerald Cotten Still Alive? By that point, neither a CT scan nor surgery were possible. However, it is not confirmed whether that is companys litecoin addresses or not because they are not disclosing that information even now. The brevity of Mr. Cotten and Mr. Robertsons itinerary was probably because of the honeymoon, he said. Another of Jaipur's major tourist draws is the Hawa Mahal, an 18th-century palace. In Debert, N.S., Mr. Cotten's Cessna 400 sits at the Truro Flying Club. Any information you find on the website should not be treated as an offer for buying or selling or an invitation to purchase or sell any service, product, or anything else mentioned on the website. In 2013, he started QuadrigaCX with a friend. Promise not to tell anybody. Ms. Robertson did not specify why her husbands death had to be kept secret.