According tomedia reports, the client’s lawyer formally applied for a casket autopsy on Gerald Cotten, founder of Quadriga CX, to prevent him from swindling his fortune. Gerald Cotten, founder of Quadriga CX, Canada’s largest bitcoin exchange, died of Crohn’s disease in early December 2018 in Jaipur, India, and owes customers $200 million, including about $147 million in cryptocurrencies, the report said.
Quadriga CX filed for bankruptcy in April, affecting more than 76,000 customers. Under the insolvency proceedings, $32 million in cash and $1 million in cryptocurrencies could be recovered.
It is reported that most of the virtual currency on the Quadriga CX platform is stored in “cold wallets” to protect money from hackers or other virtual thefts; Gerald Cotton was the only one who could get into the cold purse, and the key was only known to him.
The Ernst and Young accounting firm reported that Gerald transferred clients’ money to his personal account, most likely using fake currency deposits in exchange for real cryptocurrencies and falsely overstating income figures.
It is understood that Gerald and his wife for several years did not have other income, but bought 16 properties, luxury cars, private jets, sailboats and so on. There are rumors that Gerald is not dead.
Fearing that Gerald’s body was rotting, lawyers asked for a casket to be autopsied by spring 2020 to confirm his death.