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The CEO and founder of Canadian cryptocurrency exchange QuadrigaCX wrote his will just 12 days prior to his death, but he neglected to disclose the crypto exchange password.
Countless numbers of Canadians are at wit's end trying to get their money out as a result. Canadian sports bettors used the exchange to move funds in and out of sports betting and online casino sites.
From CoinTelegraph:
According to a January affidavit filed by Robertson, Cotten was the only person to have access to QuadrigaCX wallets, and the CEO had not left any evidence of passwords. The reported number of users affected is over 100,000, with around $250 million CAD ($190 million USD) in cryptocurrency and fiat currency purportedly lost.
Bloomberg reports that several QuadrigaCX users have retained lawyers to instigate proceedings to receive their funds, however noting that the court has given the exchange a 30-day stay to prevent lawsuits during this time.
Cotten’s death sparked controversy in the crypto community, with some customers claiming he faked his death to steal their assets. However, later a death certificate, issued by the Government of Rajasthan’s Directorate of Economics and Statistics, was unveiled, which stated that Gerald William Cotten died on Dec. 9.
- Jagajeet Chiba, Gambling911.com
