The death of Gerald Kotten, the only holder of passwords to QuadrigaCX wallets from $ 137 million

Indian authorities confirmed the death of Gerald Kotten, the founder of the Canadian bitcoin exchange QuadrigaCX. As stated by representatives of the trading platform, it happened in early December. The relevant documents were made available to the publication CoinDesk .

In India, confirmed the words of Jennifer Robertson, wife of Kotten, about his death on December 9. The funeral took place on December 12 in Halifax.

CoinDesk data

Note that many representatives of the community doubted that Cotten really passed away, and assumed that there was a dramatization in order to steal users' funds.

So, it was not entirely clear why death was reported only a month later, with which problems were associated with the withdrawal of Fiat and digital currencies, and why QuadrigaCX did not disclose the relevant evidence.

Recall that about 115 thousand users had cryptocurrency (180 million CAD) and fiat balances (70 million CAD). There are 26,500 BTC, 11,000 BCH, 11,000 BSV, 35,000 BTG, 200,000 LTC and 430,000 ETH stored on the wallets of the exchange. Most likely, all these funds are in a cold storage, access to which was only to Cotten.

QuadrigaCX Bitcoin Exchange has lost $ 190 million in access to user funds https://t.co/KZia5wYrZG #QuadrigaCX # Canada # exchanges

– BlockchainJournal (@BlockchainJournal) February 2, 2019

According to the publication, the Supreme Court of Procion Nova Scotia will satisfy the QuadrigaCX request for protection against the claims of creditors in order to avoid bankruptcy.

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