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Who was QuadrigaCX CEO Gerald Cotten?

Gerald Cotten (born May 11, 1988) was a Canadian entrepreneur and was one of the founders of Quadriga Fintech Solutions, which became inactive in 2019. He caused one of the biggest money mismanagements in the history of Canada, causing a loss worth $190 million.

In 2021, a documentary named “Dead Man’s Switch: A Crypto Mystery” and a podcast titled “A Death in Crypto land” were in the talks in 2021.

This case is again in the news as the famous OTT platform Netflix released its version of the documentary on March 30, “Trust No One: The Hunt for the Crypto King.”

What Exactly Was the QuadrigaCX Case?

After graduating from York University in 2010, he developed an interest in Bitcoin, and to learn more about it; he moved to Vancouver, British Columbia. A short period later, Gerald William Cotten started his financial solution company named Quadriga with his partner named Omar Patryn.

In the beginning, the company was only involved in local transactions, but just a month later, Cotten released his online exchange. In 2014, the company recorded trading worth less than $ 7.5 million. The company officials decided to list Quadriga on the CSE to speed the company’s growth, and Patryn continued to work closely with William even at this time.

But even after raising C$850k, Gerald Cotten dropped the idea. There were only four people who used to work in Quadriga in 2016, and except Cotten, every other director left the organization.

The company was not doing well. In 2017, the prices of Bitcoin started rising uncontrollably, which caused around a little above C$1 billion worth of exchange on Quadriga’s online bitcoin exchange.

In 2018 the prices of BC started to fall, which is why customers of Quadriga started removing their funds, and in the process, they faced delays. When CIBC became aware of this, it blocked C$ 28 million, held with one of its custodians.

Later in 2019, the news of the death of Gerald Cotten was released, which left C$250million in cold wallets, the password of which was only known to Gerald Cotten.

What was the reason for Gerald Cotten’s death?

If we believe in some people, then Geral Cotten is alive. They say that his death is fake and it was part of his exit plan. On the other hand, as per Gerald Cotten’s wife, Jennifer Robertson, they both went to India to serve at an orphanage in Jaipur, where he died of intestinal obstruction, perforation, and septic shock in December 9, 2018.

Within two days, the local authorities of Jaipur gave the necessary documents, after which the dead body of Gerald was brought back to Nova Scotia. The death of the crypto king created havoc among the customers of the crypto exchange as their money got stuck.

As per sources, “On December 13, 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.”

Gerald Cotten’s Wife, Jennifer Robertson

After the alleged death of Bitcoin-king, Jennifer Robertson became the sole recipient of Gerald William Cotten’s wealth. She became an heir to assets worth CAD to 9.6 million, including a luxury Lexus car, a mansion in British Columbia’s Kelowna, and a villa in Nova Scotia. The will also include a hefty amount as a trust fund for Cotten’s little dogs.

But, Robertson voluntarily committed not to trade or transfer any of her property in April 2019. Quadriga received CAD 12 million from Robertson’s husband’s estate on October 8, 2019. This was portrayed as a consensual settlement by Bloomberg News.

It outlined the items she planned to keep, including her wedding band, personal cars, personal pension fund, and a little above $90,000 in hard cash.

When and Where was Gerald Cotten born?

In Belleville, Ontario, Gerald Cotten (age 30 years) was born at his Christian parents’ villa on May 11, 1988. His father, Bruce, and mother, Cheryl, are the ones who became owners of Gerald’s luxury sailboat, whereas the Cessna 400 was given to his brother Bradley Cotten.

The guy used to be a brainiac as a kid, and growing up; he attended Schulich School of Business after his schooling.

Password to the Cold Wallets

As per reports, Gerald Cotten was using cold wallets to keep the currency, and they all have their unique passwords. When Ernst & Young retrieved passwords of only 5 of those wallets, they all were found to have nothing. There are three more such cold wallets, but their passcode is unknown, and it is not known which of them has the currency.

Teddy Bear Consignment

A Pastor named Cherukupalli Rama Rao in Mudigona, Telangana, revealed that Cotten gave him INR 15 lakh to build a foster home. He also said that the former CEO of Quadriga was meant to bring him some teddy bears, which never came after the death of Cotten.

Gerald Cotten Q&A

Ques: Where is Jennifer Robertson Gerald Cotten?

Ans: In Canada.

Ques: How did the Bitcoin guy die?

Ans: Due to multiple health issues.

Ques: Is Gerald Cotten dead?

Ans: As per the documents produced by his wife, he is dead.

Ques: How much money did Gerald Cotten’s life partner Jennifer Robertson receive?

Ans: She received assets worth $ 9.6 million.

Ques: Where was Jennifer Robertson born?

Ans: In Belleville, Ontario, Canada.

Ques: Was Omar Patryn a fraudster?

Ans: Yes, When he started Quadriga with Cotten, he changed his name from Omar Dhanani to Omar Patryn. Omar was incarcerated for 1.5 years in America as he was a founder of a platform where stolen credit card details were sold.

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