He published a comprehensive account of Cottens final days, which began with the couples arrival at the luxury resort Oberoi Rajvilas, a palatial hotel complete with resident peacocks. At the time of his passing, he had over CA$250 million [$200 million] and the passwords to Quadriga's accounts. ", 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. So, in this article, let us learn about Gerald Cottens wife,Jennifer Kathleen Margaret Robertson. It was then revealed that Gerry presumably happened to be the only person with access to the digital keys to the cold wallets that held the cryptocurrency. Furthermore, Gerry signed his will less than two weeks before his death, leaving all of his assets to Jennifer. Set against the backdrop of the tumultuous and sometimes nefarious world of cryptocurrency, Dead Man's Switch is a feature length documentary, a cautionary tale, about the short life and mysterious death of QuadrigaCX CEO, Gerald Cotten. Dead Man's Switch: A Crypto Mystery: Directed by Sheona McDonald. Trust No One: The Hunt for the Crypto King traces Cotten's devious and complex fintech crimes and explores a conspiracy theory that the con man faked his own death in order to escape prosecution from using his own Bitcoin to fund a lavish lifestyle of valuable real estate, fast cars and super yachts.. Crypto Con Man . Geralds wife turned his Instagram into a private mode after his death. . This story has been shared 119,476 times. As a result, where the money went is unknown to this date. In total there was CA$33 million in missing funds, reports the BBC. Eighteen months after Gerald Cotten, founder and Chief Executive Officer (CEO) of QuadrigaCX, was reported to have died while doing volunteer work at an orphanage in India, and most crypto users . He loves to create content on the internet. So far, Ernst & Young has tracked down just $33-million of the. But after his death in December 2018 the investor in QuaridgaCX faces a huge loss because $142 million USD Bitcoins got locked in offline wallets that were inaccessible. "A death in Cryptoland". Nonetheless, Jennifer has authored a book. How Much Money Did Gerald Cotten Steal? Also Read:Find Out If Kateri Dion Is Still Nyjah Hustons Girlfriend. The book will be on sale on January 18, 2022, so lets hope that the public will get some clarity surrounding the allegations and rumors surrounding her late husband from her book. I don't know who this other person is, but he's let me down so much.". Bekyk alle uitslae . This meant that multiple customers were missing over $180 million. Heres how it happened. Here's my take on Gerald Cotten and his suspicious death. In an interview with The Globe and Mail, Robertson said: "I love the Gerry that I knew. The couple enjoyed the newfound wealth, traveling to exotic locations and buying properties in addition to a boat and a plane. But blood work showed Cotten had developed septic shock. He continued raising money with this exchange and also tried successfully in getting his company listed on Canadian Securities Exchange. In April 2019, Robertson voluntarily agreed not to sell or transfer any of her assets. | Die verhaal van die "dooie" Crypto King! But after checking into a Jaipur hotel Gerald complained of stomach pain and then was admitted to Fortis Escort Hospital. Trust No One: The Hunt for the Crypto King is streaming on Netflix now. This page was last modified on 1 October 2021, at 00:58. By December 2018, Bitcoin had dropped to $3,700 still not bad if you bought it early, but terrible for the great majority who got in during the meteoric ascent. His condition was so severe that there were few options for treatment. The young entrepreneur seemed to be at the height of his success, traveling around the world with his wife, Jennifer, and leading a jet-setting lifestyle. 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. During 2017, when the exchange was up to speed and running, the currencys value jumped to $13,000. Gerald Cotten is a bitcoin millionaire from Canada whose death, supposedly from complications relating to Crohn's disease, is now being questioned. mode: 'thumbnails-a', There were legitimate banking issues. NewsUnzip is an Independent News Media organization. I think there were a couple years when it ran legitimately I dont think Gerry could have imagined a future with money pouring in the way it eventually did.. 'Trust No One' is a new Netflix documentary that explores the mysterious death of 30-year-old Gerald Cotten, the founder of Canada's largest bitcoin exchange who died suddenly while on his. The status of a request to exhume the body of a cryptocurrency businessman remains a mystery. Gerald Cotten was too good to be true. Gerald Cotten, 30, held the virtual keys to a whopping $137 . Cold wallets are distinguished from "hot wallets" in that they are stored on computers that are not connected to the internet, and thus are a much harder target for hackers. Before getting died it is claimed that Gerald Cotten on November 27, 2018, signed a will in which it was stated that after his death his financial assets will be distributed between his wife, parents, and siblings, He stated in his Will that his parents will become the sole owner of his Sailboat and his brother Bradley will become the owner of his private aircraft (Cessna 400.). What Does Lindsey Horans Boyfriend Tyler Heaps Do For a Living? Gerald Cotten Defrauding At the time, the couple was looking to open an orphanage in that country. Trust No One: The Hunt For The Crypto King is the latest true crime documentary to land on Netflix. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. He was doing well for his company and has earned high goodwill for his company with his lot of efforts. People wanted to withdraw and they couldnt, said Gerard, explaining that the shortfall was exacerbated by a computer mishap that resulted in $14 million of Ethereum disappearing from Quadriga and by Canadian Imperial Bank of Commerce freezing $21 million of Quadrigas funds due to perceived financial irregularities. He was the owner of luxury assets like cars, boats, yachts, and private jets. 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. When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. It is actually plausible that he is not dead even though I have no idea how likely that is, he told The Post. A report by auditor Ernst & Young also found funds were transferred to Cotten personally and to other parties. Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam In an exclusive interview, Jennifer Robertson speaks out publicly about her deceased husband,. Wiki, Biography & Facts About Chris Daughtrys Daughter, Schulich School of Business at York University. His death left investors locked out of their money and left Jennifer Robertson, Gerry's wife, to deal with the fallout. The prospect of a rich young entrepreneur faking his own death and running off with millions is a compelling story it just doesnt happen to be true. [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 combination of these suspicious circumstances and theories led to calls for Gerrys body to be exhumed to confirm his death. Medical experts told The Globe and Mail that Cottens symptoms and rapid decline suggest he had a perforated bowel, which can cause extremely sudden death. I ended up losing my life savings I lost $400,000, he said in the documentary. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. They reported that Quadriga investors claimed Cotten and Patryn had a background in Ponzi schemes: In 2020 pressure mounted for Cotten's body to be exhumed, to confirm he had not faked is death. She was apologetic about people losing their money, saying, I would have never, ever stolen from other people. And Cottens funeral had been closed-casket. Lindsay Ann Histrop; Valentina Romano (2020-03-06). He spent money like it was water, said Gerard. The exchange was plunged into turmoil when the ostensible widow of its CEO, 30-year-old Gerald Cotten, announced that her . Netflixs new documentary about Cotten and the mystery of his death. According to one of our sources when he died he was the only sole owner of the private keys and passwords to the QuardigaCX crypto exchange. 2023 Cinemaholic Inc. All rights reserved. In fact, jilted investors have requested to have the body exhumed. Her mysterious disappearance has caused a commotion in the media. Gerard takes a more fanciful view. However, his death is much debated upon as Jennifer only notified the press of his passing one month after the incident took place. Jennifer also declined CBCs repeated requests for an interview. Gerald Cotten was the founder of QuadrigaCX, once Canada's largest cryptocurrency exchange. A NEW documentary on rogue crypto trader Gerald Cotton, who took up to $215million in Bitcoin and other digital currencies to his grave, has sparked rumours he may have faked his death. The couples marriage came around when Bitcoins value began to plummet, leading to customers wanting to withdraw their money from QuadrigaCX. Review: 'Bitcoin Widow,' by Jennifer Robertson (QuadrigaCX) In January 2019, QuadrigaCX, the largest cryptocurrency exchange in Canada, went belly up after its founder, Gerald Cotten, died under bizarre circumstances in India. Gerald was only 30 years when he died in 2018. Hot on the heels of Bad Vegan and The Tinder Swindler, true crime enthusiasts cannot get enough of con artists, fraudsters and multi-million dollar scams. Few knew, however, that the two partners had already cut their teeth on identity frauds, money laundering, pyramid schemes and other questionable get-rich-quick gambits. His death brings chaos to the crypto world as after his death many investors have lost their money. Following the fiasco, Gerald Cottens spouse has vanished off the face of the earth. The cause of death was noted as complications from Crohns disease. Home Wiki Gerald Cotten Wife, Death Cause, Wiki, Biography, Net Worth, Age, Parents, Siblings & Facts. He quickly started. The two first met in November 2014 and had been together for some time before tying the knot in October 2018. That would later be a problem. The 30-year-old's sudden death from complications of Crohn's disease shocked the crypto world - but many believe he may have faked his demise in an elaborate "exit scam". Its not the first project to dig into the mystery: Journalists Aaron Lammer and Lane Brown investigated the story for two years for their podcast Exit Scam, and Vanity Fair published an extensive investigation in 2019. With nobody knowing the passwords to Cotten's accounts, none of Quadriga's funds (kept in off-line cold wallets) could be used to pay out its users. His statement of death issued by his family and the Government of Rajasthan in India clearly claims that he died in Jaipur, India. 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. Find Out If Kateri Dion Is Still Nyjah Hustons Girlfriend, Jennifer Robertsons Husband Died On Their Honeymoon, However, Gerald Cottens wife quickly intervened and assured the annoyed investors that exhuming her late husbands body would not aid in asset recovery. But there were questions regarding Gerrys death and the events surrounding it. In 2013 he founded his company Quadriga co-partnering with Michael Patryn. Investigations revealed that Cotten . 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. The Ontario RCMP received the request last . Three years after Cottens murky death, most of the missing money has yet to materialize; the majority of what was found can be tied to funds frozen by the Canadian bank.