He was resuscitated twice, but, as Dr. Sharma said, The third time he could not be revived. He was dead. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. Gerry was smiling and telling people not to worry, promising them that they would get paid, Gerard said. Some thought he was moving around, using different names whilst others suspected that if he was dead, he was either murdered or had taken his own life. Contents Gerald Cotten Cause of Death in 2019 In December 2019, investors were clamoring for Cottens body to be exhumed in order to verify the cause of death. There were legitimate banking issues. }); Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. The pair were then enjoying their honeymoon in Jaipur, India. Almost as soon as they arrived at the Oberoi Rajvilas, however, they left to seek medical care for Cotten. container: 'taboola-right-rail-thumbnails', It could have been moved to other exchanges or sent to other people or converted to cash.. He and his wife [Jennifer] traveled the world. However, no one could be more shocked than the crypto community when they later found out that Gerald was the only person with the passcodes to customer funds. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. Founded in 2013 by Gerald Cotten, by late 2018 the exchange had approximately 363,000 registered users (Opens in a new tab) and supposedly held roughly C$180 million worth of cryptocurrency (Opens . But after his death, many assets that were listed with his company were seized by Canadian banks as his company become insolvent after his death. 1 April 2022. Then, Gerrys body was sent to a local medical college, where the embalming certificate was issued. When Gerald died he left behind his father Mr. Bruce Cotten and mother Mrs. Cheryl Cotten. Home Wiki Gerald Cotten Wife, Death Cause, Wiki, Biography, Net Worth, Age, Parents, Siblings & Facts. [1][2][3][4][5][6] Investors were distressed when told that encrypted digital assets he controlled, for them, could not be accessed, because only he knew the access codes. A source in the doc goes so far as to bring up a substance known as Haitian zombie powder that can supposedly be used to fake death: You appear dead for a few days, until you get the cure., Zou is 80 percent sure that [Cotten] is dead., McDonald agreed: If he had been cremated in India, I would be more suspicious.. Geralds death came as a shock and sparked an outpouring of grief. But his condition worsened the following afternoon, with blood tests indicating a septic shock. Gerald Cotten (born 11 May 1988, age: 30 years) was a businessman and Quadriga Fintech Solutions owner from Canada. Gerald Cotten did die in India in December 2018. However, his wife claimed that she had no idea how the founder handled his finances. Cotten was young, energetic, passionate about cryptocurrency so when he passed away in December 2018 during his honeymoon in India, due to complications from Crohns disease, everyone was taken by surprise. 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", https://www.news.com.au/finance/money/investing/bitcoin-boss-gerald-cotten-may-have-faked-death-and-escaped-with-234m-fortune/news-story/353601cb283ba1a1f7d5ad95d32e10ed, "Regulators caution crypto trading platforms, issue guidance over misleading language in advertising", https://web.archive.org/web/20210924154946/https://betakit.com/regulators-caution-crypto-trading-platforms-issue-guidance-over-misleading-language-in-advertising/, "Bitcoin goldmine for hackers trying to steal 100bn of lost and forgotten crypto dosh", https://web.archive.org/web/20210729152359/https://www.dailystar.co.uk/news/latest-news/bitcoin-goldmine-hackers-trying-steal-24644762, "Patch me if you can: Password taken to the grave. 9 episodes. Quadriga, Canada's biggest cryptocurrency exchange, said it's unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder . His customers were told that the $215 million they'd deposited on the exchange was lost forever because Gerry had forgotten to leave behind his passwords. In early 2019, the exchange disclosed, months after the fact, that founder Gerald Cotten had died of complications from Crohn's disease while on a trip to India. Gerald and Jennifer kept most of their relationship away from the public. At least, that was the case for Vancouver-based exchange QuadrigaCX. Essentially, Gerry gambled away customer money through trading. But what people did not expect was for the crypto legend to die with the only password to millions of dollars worth of digital assets. I put myself into a deep hole and the only way to dig out of it was to sell my house.. They married in Scotland in October 2018. Canadian businessman, Gerald Cotten, was recently married and celebrating his honeymoon when he unexpectedly died. When Bitcoin started crashing before Cotten's death and people tried to withdraw their money all at once, Cotten's company was on track to lose millions of dollars. There was no dead mans switch, which would have sent the codes to a predetermined source in the event that accounts went unopened for a period of days. Powered by WordPress.com VIP. With heavy hearts, we announce the death of Gerald Cotten of Anoka, Minnesota, born in Minneapolis, Minnesota, who passed away on July 28, 2022 at the age of 97. He continued raising money with this exchange and also tried successfully in getting his company listed on Canadian Securities Exchange. It took some time for him to grow on her, but they eventually fell in love. He would say he has money because he is a fabulous businessman., But, in reality, Gerard alleged, Cotten was nothing more than an old-fashioned embezzler with a modern angle: He co-mingled customer funds and company funds. The exchange was plunged into turmoil when the ostensible widow of its CEO, 30-year-old Gerald Cotten, announced that her . Who could be sure thered been a body in there at all? Banks did not want to deal with crypto companies. This meant that multiple customers were missing over $180 million. Gerald Cotten was a Canadian financier, whose sudden death, at 30-years-old, stirred controversy. As a result, creditors who had a lot of money invested began to look into what happened leading up to Gerrys death. As the crypto market tanked, month by month clients saw their life savings evaporating. 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,. According to the documentary, Cotten had long suffered from Crohns disease but kept quiet about it. Powered by WordPress.com VIP. The site is said to have attracted a strange brew of people who ranged from gullible suckers to sharp hustlers hoping to rope them in. His condition was so severe that there were few options for treatment. 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. Lawyers representing investors in what BBC. Gerald Cotten, 30, held the virtual keys to a whopping $137 . April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. He completed his graduation from Punjab University. That would later be a problem. [15] In the article they reported that an associate of Cotten's, Michael Patryn, had actually been Quadriga's co-founder. He would tell you that he ran a fabulous Bitcoin exchange, Gerard said. According to his widow, Jennifer Robertson, Cotten was the only one who knew the passwords to QuadrigaCX's offline crypto storage, meaning that digital currency that was worth around $200 . Cotton target_type: 'mix' [20] It is scheduled to premiere in 2022.[21]. After Geralds death documents submitted in court state that $140 million USD Bitcoin and other cryptocurrencies were locked in with QuadrigaCX as Gerald was the only owner of the encrypted passcode of the exchange. _taboola.push({ This page was last modified on 1 October 2021, at 00:58. There was the purchase of a $600,000 yacht, 17 homes in Canada (some of which were rented out), a Cessna 400 airplane that Cotten never got around to flying and a top-of-the-line Lexus. From an early age, Cotten was interested in computers. Medical experts also noted that the mortality rate of Crohns disease is relatively low but have speculated that Gerry might have had a perforated bowel. By subscribing to this BDG newsletter, you agree to our. [13] In spite of the hospital's efforts, he went through a septic shock and had several cardiac arrests, dying, finally, on December 9, 2018. He founded the company in order to take advantage of the revolutionary . Furthermore, Gerry had signed his will less than two weeks before his death, signing over all his assets to Jennifer. ", https://web.archive.org/web/20211001005751/https://d1softballnews.com/maxi-theft-of-cryptocurrencies-are-bitcoins-safe/, http://en.wikialpha.org/mediawiki/index.php?title=Gerald_Cotten&oldid=226679, alleged to have wrapped a ponzi scheme around a ponzi scheme. Netflixs Trust No One: The Hunt for the Crypto King provides an insight into what happened to Gerry and the money that Quadrigas customers had invested on the platform. Before arriving in Jaipur, Cotten and Robertson had already traveled to some of Indias biggest tourist destinations, including the Taj Mahal and Varanasi. Patryn has disputed reports of a criminal past and told Bloombergthat he left the company in 2016 and, since then, has not been involved in the operations or management of any of the Quadriga companies.. According to all the news reports, Gerry had succumbed to Crohn's disease. According to an investigation by Canada's Globe and Mail, Cotten died from complications related to Crohn's Disease and Robertson returned to Canada with his body. Leave a sympathy message to the family on the memorial page of Gerald Cotten to pay them a last tribute. Gerald Cotten was the founder of Quadriga CX, once Canada's largest cryptocurrency exchange. her wedding band, jeep, personal retirement savings fund, and $90,000 cash. In April 2019, Robertson voluntarily agreed not to sell or transfer any of her assets. Margi Murphy; Hasan Chowdhury; Harry de Quetteville; Saurabh Yadav (2020-03-15). Gerald Cotten was the founder of QuadrigaCX, once Canada's largest cryptocurrency exchange. In December 2018, Gerry Cotten mysteriously died at the age of 30 during a trip to Jaipur, India. _taboola.push({ Gerry had been dealing with Crohns disease for a long time, an ailment that caused inflammation of the digestive system. The cause of death was noted as complications from Crohns disease. He remained successful in exchanging $7.4 million Canadian dollars in Bitcoin through his exchange Quadriga. NewsUnzip is an Independent News Media organization. He was the owner of luxury assets like cars, boats, yachts, and private jets. Nonetheless, Jennifer has authored a book. mode: 'thumbnails-rr', Netflixs new documentary about Cotten and the mystery of his death, Trust No One: The Hunt for the Crypto King, explores the mystery of Cottens death and the paranoia and conspiracy theories that circulated amongst Quadriga investors about whether or not he might still be alive. 2023 Cinemaholic Inc. All rights reserved. He was 30-years-old at the time of his death. Everything was going well until the press released the news of his death. Who knows? said McDonald. Gerry Cotten in Netflix Documentary: The Story of the 'Dead' Crypto King. That's just one of the questions explored in the documentary Dead Man's Switch a crypto mystery (part of the 2021 Hot Docs festival), which takes you on a deep, but explanatory, dive into the mysterious death that left $215 million dollars in cash and cryptocurrency missing. On September 26, 2021, Netflix announced plans to broadcast a documentary series focussed around the investigatory efforts of Quadriga investors who believed Cotton faked his death. Adding to their woes was Gerrys prior history of fraud, and the companys co-founder also had a history of fraudulent behavior. This story has been shared 119,476 times. Let us also find out about the whereabouts of the famous QuadrigaCX founders widow. Roughly $200 million (Canadian) in customer funds disappeared along with him. That would be with Gerald Cotten, her former husband, a controversial Canadian cryptocurrency businessman who suddenly died in 2018, leaving behind a trail of missing millions, lawsuits,. According to the Netflix documentary, at least 110,000 customers were affected. He was also a brother of Bradley Cotten. Exit Scam is a true crime podcast that looks at the case of Gerald Cotten, the founder of Canada's biggest Bitcoin exchange, who died in 2018 under mysterious circumstances during a honeymoon trip to India.