Troubles for QuadrigaCX as Investors Demand Exhumation of Dead CEO’s Body
The ghost of deceased CEO Gerald Cotten seems to be haunting the now defunct Canadian crypto exchange QuadrigaCX, as the investors are now demanding to exhume his body. Lawyers of the investors who lost Bitcoins worth over $190 million have asked the Royal Canadian Mounted Police to conduct an exhumation and postmortem autopsy to find out the real cause of the death of Cotten, who also happened to be the founder of the insolvent crypto trading platform.
Gerald passed away last year in December, at the age of 30, while on his honeymoon vacation to Jaipur, India. The reason for death was believed to be the complications arising out of the Crohn’s disease he was suffering from. However, the matter intensified when about 80,000 users reported that they were unable to access their Bitcoins, the total post tokens amounting to over $190 million. It turned out that Cotten was the only person who had access to necessary permissions, and with him gone, the Bitcoins were not retractable.
The letter sent to the police department, drafted by Miller Thompson LLP, stated,
“Pursuant to the Order of the Supreme Court of Nova Scotia, issued February 28, 2019 (the “Representative Counsel Appointment Order”), Miller Thomson LLP and Cox & Palmer (together, “Representative Counsel”), were appointed as Representative Counsel on behalf of users affected by the shutdown of the Quadriga CX cryptocurrency exchange platform (collectively, the “Affected Users”).”
The letter requests the Royal Canadian Mounted Police to conduct an exhumation and post-mortem autopsy of Gerald Cotton to get the idea about the cause of his death.