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"I kept asking them: Where's my money? They surfed his social media accounts at first, then traced Cottens digital footprints even more closely for clues. It comes as we revealed some of the world's biggest crypto scams following the case of Bitcoin tradersRaees Cajee, 21 and Ameer, 18,who fledSouth Africa after allegedly pocketing 2.5billion. But months later, customers still couldnt take their money out. It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020. The circumstances sparked speculation from some in the crypto community that the CEO faked his death and stole his clients' money. On the 9th, he allegedly died after episodes of cardiac arrest. , one of the co-founders, registered the domain name for QuadrigaCXnot Gerry. (India is notorious for forging fake death certificates by paying people off). Netflix Special on Bitcoin Fraudster Gerald Cotten, His Wife, and QuadrigaCX. [17] In a 2014 interview, founder Gerald Cotten explained that the company stored customer funds on paper wallets in safe deposit boxes: "So we just send money to them, we dont need to go back to the bank every time we want to put money into it. However, in 2018, Bitcoin prices crashed and many began withdrawing their funds from Quadriga, except they were being met with error messages before the exchanges website stopped working in 2019. "Once I deposited it, it was basically gone.". We explain how to spot them. But when co-founder Cotten died during a honeymoon in India, the money was seemingly lost forever. The business was run from Cotten's encrypted laptop from Cotten's home in Fall River, Nova Scotia. Fake trading: I'm almost certain that he was trading with fake crypto, Chris Markay was one of the accounts that Cotten used to trade his "crypto" he also is known to have other aliases Sceptre Gerry, Aretwo Deetwo and Seethree Peaohh. I personally believe that Cotten is not dead but I would like to hear from people who know more than me about this topic and what they think about the situation. Netflix's 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. [1], The company's CEO and founder, Gerald William Cotten, allegedly died in 2018 after traveling to India. 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. Was a recently-active Skype account proof he was still alive? Gerald Cotten died suddenly of Crohn's disease - or did he? [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. One of the Globe reporters had a hunch that this was Gerry Cotten, and traced the account to another online den of thieves, BlackHatWorld. It apparently had no formal accounting system. [9][10], The Royal Canadian Mounted Police (RCMP) and the U.S. Federal Bureau of Investigation (FBI) were reportedly investigating the company. So far, only about $46 million has been recovered. Some also believe that Gerald isnt even dead at all but rather hiding away with the hundreds of millions of dollars he controlled. He was one of the wealthiest people in the crypto world, and his company was at its pinnacle. Is Gerald Cotten really dead? On this Wikipedia the language links are at the top of the page across from the article title. And not even he thinks that Gerald is deadnor did he ever meet his wife. March 30, 2022. It just wasnt there. 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. The Globe and Mail reporters were on the case, and used photos to conclude that they were the same person. CRYPTO scams are popping up all over the internet. [3][4][5], Quadriga likely never invested the funds entrusted to it, according to Chainalysis, a cryptocurrency tracking firm. Gerald Cotten, the founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on it. The estate includes an airplane, a sailboat, a 2017 Lexus, and real estate in Nova Scotia and Kelowna, British Columbia. Supposedly, Cottens business associates didnt even know he was married. Gerald and Jennifer kept most of their relationship away from the public. Gerald Cotten Still Alive ? [48], On 5 February 2019, Nova Scotia Supreme Court Justice Michael J. April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. Gerald Cotten (born 11 May 1988)[14] lived in Belleville, Ontario before attending the Schulich School of Business at York University in Toronto. Still, all this evidence was circumstantialinvestors hadnt yet found a smoking gun. Since his death, Cotten has been recast as a habitual scammer who would enjoy the thrill of knowing he was duping his customers and investors. Here's my take on Gerald Cotten and his suspicious death. On 10 December, a death certificate was issued by the local municipality as well as a "no objection certificate" from the police to return the body to Nova Scotia. Gerald died while on a honeymoon with his wife Jennifer in India, Cotten has been recast since his death as a thrill-seeking scammer, Michael Patryn - real name Omar Dhanani - had previously been convicted of identity fraud, Bitcoin miner electrocuted to death by his computer after forcing it to churn out endless amounts of crypto. His clients were locked out of about $250 million, and investigators later. And why did the Indian hospital that treated Cotten misspell his name on his death certificate? The podcast was hosted by Takara Small. There was no way of getting my money back. At first, the now-closed company allegedly blamed the delay on a legal issue with a bank. [49], On 5 March 2019, Justice Wood extended Quadriga's court protection to 23 April. The accounting firm Ernst & Young, tasked with auditing the company as it undergoes bankruptcy proceedings, discovered numerous money-losing trades executed by Cotten, using customers funds. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. But the money, of course, was still missing. Its pretty much money by people for people.. 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. So what exactly happened to Cotten, and is he still alive somewhere sitting on a mountain of stolen crypto? Gerald Cotten. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix | Where Are They Now?Subscribe Here! When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. He is believed to have scooped around around $115million in crypto from his own accounts and put them into high risk financial bets - many of which crashed, costing him more money than Quadriga ever actually made. Despite presenting himself as mild mannered and clean cut, Cotten was found to have had a history of carrying out financial cons - starting when he was just a teenager. This was my entire savings, built through ten years of work, said one disgruntled customer in the doc. 29 2022, Published 3:03 p.m. Business picked up when Bitcoin hit the big time in 2017, reaching prices close to $20,000. And meanwhile, Dead Man's Switch director Sheona McDonald said: "There's only two people who really know what happened in India.". After beginning as an entrepreneur, Cotten founded Quadriga Fintech Solutions in 2013 and the company evolved to become the largest crypto exchange in the country, and it even helped to legitimize Bitcoin. [15] He learned about Bitcoin in Toronto and travelled to Vancouver, British Columbia, where he founded Quadriga in November 2013 with Michael Patryn. Stay up to date with what you want to know. We pay for your stories! A C$100,000 trust fund was made to provide lifelong care for Cotten's two chihuahuas in case of Robertson's death. Gerald Cotten was the founder of one of Canada's largest cryptocurrency exchanges, Quadriga CX. started to be convinced that he was dead, after all. He and his wife, Jennifer Robertson, jetted all over the world on private planes, visiting chic locales in Paris, Hawaii, and Morocco. [50], Quadriga's lawyer, the firm Stewart McKelvey, withdrew from the case due to a potential conflict of interest. Trust No One depicts Cotten as a nerdy, happy-go-lucky, and charming CEO, who was knee-deep in Bitcoin and a fierce advocate of the technology. Soon enough, QuadrigaCXs customers struggled to withdraw money from the exchange. Either the funds were never received or quickly went missing. Did he Die? Fifteen years later, Mr Cotten, known as Gerry, would be accused of swindling people online of a much bigger prize. Then the Ontario Securities Commission opened an investigation. November 28, 2022 by Nurudeen. When Taylor Monahan, founder of MyCrypto, examined the exchanges cold wallets, she couldnt find the lost crypto. He appointed Peter Wedlake of Grant Thornton to be chief restructuring officer. My sisters not a liar.. They reported that Jennifer said she couldnt get into Cottens laptops, and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. There is a clear lesson here that having a single person owning this information creates a huge vulnerability.. Then Cotten took a turn for the worse: he went into cardiac arrest three times; the third time, the doctors couldnt revive him and declared him dead. There were other problems around that time. 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. Jilted investors of Cotton's crypto firm QuadrigaCX have demanded his corpse be exhumed and tests run to confirm its his body. Sam, Bangs & Moonshine by Evaline Ness (Holt). Finally, the OSC discovered something that cracked the case wide open. Cotton's sudden death from complications of Crohn's disease aged 30 shocked the crypto world - but many believe he may have faked his death in an elaborate "exit scam". The company's CEO and founder, Gerald William Cotten, allegedly died in 2018 after traveling to India. Soon after his death, however, reports surfaced that nearly 80,000 users of QuadrigaCX at the time Canadas largest cryptocurrency exchange were unable to access funds totalling more $190m. I'm 99% sure he is still alive living nicely. [16] In 2014 only C$7.4 million worth of bitcoin were exchanged on Quadriga. But when the banks, the law, and the. thinks that Gerald is deadnor did he ever meet his wife. At this point, lots of investors think that Cotten, a man alleged to have a history of scamming, really had faked his own death. A Canadian bank froze another $21 million of funds. Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. More than three years after the sudden death of Quadriga CEO Gerald Cotten and the revelations that the company was a massive cryptocurrency scam, his widow, Jennifer Robertson, tells her side of the story.#Quadriga #GeraldCotten #BitcoinWatch The National live on YouTube Sunday-Friday at 9 p.m. ETSubscribe to The National: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1Connect with The National online:Facebook | https://www.facebook.com/thenationalTwitter | https://twitter.com/CBCTheNationalInstagram | https://www.instagram.com/cbcthenationalMore from CBC News | https://www.cbc.ca/newsThe National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa. Browse Locations. Supposedly, Cottens business associates didnt even know he was married. G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. Retrieved 18 January 2022. In court filings, it was revealed that Mr Cottens email was listed as Midas Golds contact. A new documentary on his mysterious death called Dead Man's Switch: A Crypto Mystery, airing on Discovery+, looks into accusations the crypto king made off with millions in investors' cash. Cotten also took flying lessons as he appeared to be possibly preparing for a life on the run. The OSC. Like other crypto-exchanges, Quadriga kept its funds in so-called cold wallets, digital storage devices not connected to the internet, which are safe from hacking. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix | Where Are They Now?Subscribe Here! Citing decomposition concerns, lawyers requested the exhumation be completed no later than spring 2020. Mr Patryn pled guilty in 2005 to working in an identity fraud ring, and did business under a company called Midas Gold as an intermediary with Liberty Reserve, a Costa Rican digital currency firm busted as one of the largest money laundering operations in history. The dude literally said that comment as a complete joke, and I even . [24][25][26], According to court filings, Quadriga also used WB21 as a payment processor. Shortly after, the exchange stopped working entirely. Gerald Cotten, 30, held the virtual keys to a whopping $137 . His death left investors locked out of their money and left Jennifer Robertson, Gerry's wife . His death certificate was issued by the Indian authorities and contains an incorrect spelling of his name. Mar. Cotten In 2013 was looking for a programmer to help him create a bitcoin marketplace using the account name Murdoch1337 on a BlackHat Forum and this account was last seen active in August 2019 at this point he should have been "dead" for a long time. But Bitcoin crashed at the end of 2018, and Cottens flashy lifestyle needed cash to sustain itself. Lived In Los Angeles CA, Austin TX, Van Nuys CA . name was not the same as Robertsons ex-husband, some angry investors lobbed death threats at Jennifer, convinced that she had murdered Cotten, too. Some 76,000 investors like Zou collectively lost out. , and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. No longer a likable nerd, investors thought that Gerald, now sceptre, had been operating scams since he was 15. 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. But, due to the strict security of crypto, we may never know. So the. Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange.In 2019 the exchange ceased operations and the company filed for bankruptcy with C$215.7 million in liabilities and about C$28 million in assets.. After some more digging, the reporter found an order form filled out by one Gerald Cotten. Premieres in 2022 pic.twitter.com/rP9iFJHkWm. Gerald Cotten was 15 when he ran his first documented get-rich-quick scheme. 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. He passed away in 2018 with the secret of $250 million. [22][23] C$28 million held by Costodian, a Quadriga payment processor, was frozen by the Canadian Imperial Bank of Commerce (CIBC) in January 2018. Cottens death will likely remain a mystery, with some believing that he is still residing somewhere in the world with the stolen money. [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. Facebook / Remembering Gerry Cotten In the weeks since Quadriga Fintech Solutions Corp. belatedly made his death public, the exchange's furious users have raised questions. The new documentary "Dead Man's Switch" looks at the mystery of Gerald Cotten, the QuadrigaCX CEO who unexpectedly died and some $250 in investors' money seemingly disappeared with him.
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