After Cotten's death, Robertson said she "made every effort to assist in the recovery of the QuadrigaCX assets for the benefit of affected users," she said Monday in an e-mailed statement provided by her lawyer. The representatives of QuadrigaCX applied for creditor protection soon after Cottens death, and the court appointed the company Ernst&Young to try and find at least some of the missing money. In his will, Cotten names Robertson executrix of his estate, as well as endowing her as its primary beneficiary. When QuadrigaCX founder and CEO Gerald Cotten passed away suddenly in December of 2018 in India, he was allegedly the only person with the knowledge of the exchange's cold storage keys. The wedding of Jennifer Robertson and Gerald Cotten took place in Scotland. FORTUNE may receive compensation for some links to products and services on this website. The company was then put into maintenance mode and at the end of January, Quadriga announced it was applying for creditor protection. Gox debacle of 2014 and the theft of nearly $500 million in digital tokens from Coincheck last January. Discover something new every day from News, Sports, Finance, Entertainment and more! 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Previous reports found that co-founder Michael Patryn is actually convicted felon Omar Dhanani, who served time in the U.S. for his role in the Shadow Crew identify theft and credit card fraud ring. What really happened to Gerald Cotten, Netflix's Crypto King? "The timing didnt make sense to me, he told Sky. Snow Funeral Home in Halifax. Jesse Powell, head of exchange Kraken, said it has some Quadriga balances. ", "There's only two people who really know what happened in India.". However, things took a turn as the business matured. CTV National News for March 3: Major storm hits Ont. Without being able to read her mind, its impossible to really know what happened. Cotten died of complications due to Crohns disease in Jaipur, India, according to Robertsons affidavit and a statement of death from J.A. We could buy a house in Nova Scotia, another in British Columbia, even our own island with a yacht not just a sailboat to get us there. $215M missing: Mysterious death of CEO of Canada's largest Cotten's death came after Canadian Imperial Bank of Commerce (CIBC) froze an account controlled by QuadrigaCX with around $25 million. Get the latest versions of the top games in 2023. Financial hardships of QuadrigaCX Back in 2018, the Canadian Imperial Bank of Commerce froze the fiat accounts of the exchange and the funds on them . I grew up in a middle class, good family. In October 2018, Jennifer Robertson was living the life of her dreams. In the end, I ended up losing everything. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohns disease. At the same time, the patterns could mean that the exchange had set up automatic transfers to larger exchanges when its wallet balances reached a certain amount, or, alternatively, that theres some fishy business going on, Elementus founder Max Galka said. The ACT Brumbies clung to a five-point lead through all of the second half to beat the Auckland-based Blues 25-20 Sunday and stay unbeaten after two rounds of Super Rugby Pacific. Ernst & Young was able to track down several cold wallets which were thought to be holding over C$230 million ($184 million) worth of cryptocurrency in early March 2019, but all of them were empty. The researcher says it couldnt find any cold wallets holding Ether, one of the cryptocurrencies thats missing. People who had transferred money onto the exchange and were trying to cash out couldnt access their money, which in some cases meant that they had lost access to large sums. How Gerald Cotten, the "Crypto King," Really Died - Bustle As part of Quadriga's temporary legal protection under the Companies Creditors Arrangement Act, Ernst & Young, an independent monitor, found Quadriga did not have an official bank account and instead processed its payments through third parties and was run from Cotten's laptop from his home in Fall River, Nova Scotia, according to The New York Times. Carlson was identified on the deedas general manager ofIsland Limited Partnership,registered in Maine. On Dec.1, 2016, Nova Scotia's Royal Gazette announced she was changing her name from Jennifer Kathleen Margaret Griffith to her current name, Jennifer Kathleen Margaret Robertson. Jennifer Robertson was the wife of Gerald Cotten, aka "The Crypto King," whose sudden death is the focus of Netflix's latest true-crime documentary "Trust No One: The Hunt for the Crypto King." "You get sick of getting beat by the same team over and over again." It's not clear if the Nova Scotiaproperties will be caught up in the efforts byQuadriga'sclients to recoup their losses. Ever since Quadriga CX revealed last month that founder Gerald Cotten, who died in India in December, was the only person able to access the exchanges digital ledgers, scores of blockchain analysts, research companies, and amateur sleuths have been arguing over whether some of the money has been moving between accounts since he died and even if the coins existed at all. Its just hard for me to fathom that Gerry could even live a life of crime for so long.. Gerald Cotten: 5 Fast Facts You Need to Know | Heavy.com The Cottens home was filled with piles and piles of loose cash, which Gerry claimed was a consequence of supposedly discriminatory banks who didnt yet understand crypto and refused to work with them. They work using a technology called blockchain. One of the major questions the film poses is whether or not Robertson knew about Cottens scheme before he died. And the fact that Cotten would rapidly get rich over first couple years of their relationship didnt exactly hurt. All the while, she says, she was trying to wrap her mind around the idea that her husband had been a scammer, and the life theyd led together was over. But Cotten's name was misspelled on death documents and he'd prepared his will just days before the honeymoon. Where Is Gerald Cotten's Wife, Jennifer Robertson Now? - Ecelebritymirror Quadriga CEO's widow speaks out over his death and the missing - CBC I face it head on and I feel like I really took a lot of the consequences for someone elses mess, she said. Canadian Tong Zou is one QuadrigaCX creditorfeatured in Dead Man's Switch a crypto mystery, who lost his life savings, more than $500,000, and had to sell his apartment in San Francisco to try to crawl out of debt. Bitcoin tokens are shown in Sandy, Utah on April 3, 2013. Girls basketball sectional finals, boys basketball regional finals and state team wrestling highlight Saturday's high school sports action. 71Quadrigacx""_ Follow live updates from the main event, plus Valentina Shevchenko vs Alexa Grasso and more. Throughout the film, the crypto investors who lost money through the Quadriga exchange in some cases, hundreds of thousands of dollars express their conviction that Robertson must have been in on Cottens scam, that she may have killed him, or even that she killed her previous husband (who is, in fact, alive and well). Gerry was. Who was the crypto king Gerry Cotten and what happened to him? For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Gerald "Gerry" Cotten ran the Quadriga cryptocurrency exchange. ET. Were some of the best moments of my life absolutely fake?. The Late CEO of QuadrigaCX Used His Own Money to Pay His Customers Jennifer Robertson, Cotten's widow, said her husband moved most of the digital assets to cold storage, and experts she brought in to try to hack into his other computers and mobile phone met . Story of Quadriga's Trapped Cryptocurrency Fails Smell Test | Fortune They found he checked into a Jaipur hospital just nine days into his honeymoon due to an acute stomach ache. In the wake of Cotten's death, Robertson inherited millions of dollars in real estate holding, but in October 2019 she returned CA$12 million ($9 million) worth of assets to Quadriga from her husband's estate as part of a voluntary settlement, reported Bloomberg News. It turned out they didn't and that led her on a journey to dive deep into this world. Jennifer Robertson is the widow of Gerald Cotten, who died suddenly in India in December, leaving his business in chaos and as much as $180 million of cryptocurrency locked in his encrypted laptop and USB keys. "I think using his videos, where you actually see him, hopefully make him more human, even though those people wouldn't talk to us. "I want to share my story so it doesnt happen to other people," he told Sky News in March. GERRY COTTEN may be cryptocurrency's most prolific debtor, with millions owed to 76,000 investors. The Quadriga story doesnt make sense, Emin Gn Sirer, a professor at Cornell University and co-director of the Initiative for CryptoCurrencies and Contracts, wrote in an email Wednesday. The argument that thats what happened with Quadriga didnt pass the smell test for many in the industry who are adept at scouring the anonymous ledgers that underpin the decentralized networks for evidence of where digital coins may be stored. The fired Google engineer who thought its A.I. Throughout 2018, QuadrigaCX had been having "liquidity problems" after one of its payments processors, holding $25.7 million, had been frozen by the Canadian bank CIBC, in a dispute over the real owner of the funds, according to The Ottawa Citizen. I wanted other people to know that sometimes some terrible things happen, she said. Box 500 Station A Toronto, ON Canada, M5W 1E6. When the CEO of one of Canadas then-largest cryptocurrency exchanges QuadrigaCX suddenly died in India back in 2019, his wife Jennifer Robertsons life fell apart, according to her new book. A 21-year-old man and a 19-year-old woman were arrested after a counterfeit drug with fentanyl led to the overdose death of a teenage girl. Jennifer Robertson's new memoir details life with her now-deceased husband, Gerald Cotten and the years-long deception he orchestrated on Quadriga's customers - and on her 3 Kansas 75-59. The death wasnt announced until a month and a half later, in January 2019. Speaking on CTVs Your Morning Tuesday, Robertson said the aftermath of her husband Gerald Cottens sudden death from complications of Crohns disease has haunted her, after it quickly became clear that the millions of dollars worth of investors cryptocurrency her husband handled were locked away in offshore bitcoin wallets that only he had the passwords for. . Netflix's new series Trust No One: The Hunt For the Crypto King will delve into Cotten's rapid ascent in the world of Bitcoin and his shocking demise. Bitcoin widow Jennifer Robertson's sorrow over hurt caused by missing Cottens widow set off the firestorm by seeking protection from creditors for the Vancouver-based company, saying that her late husband was very conscious about security and she didnt know the password or recovery key of his encrypted laptop nor could she find anything written down despite repeated searches. In her affidavit, she wrote she could not find any sort of information relating to Quadriga's accounts, "despite repeated and diligent searches.". 7 Texas beat No. Read More Who Is Jennifer Robertson Husband Gerald Cotten? When search suggestions are available use up and down arrows to review and enter to select. Gerald 'Gerry' Cotten founded Quadriga CX, which he dubbed Canada's best Bitcoin exchange. In December 2018, Cotten died during his honeymoon with his wife, Jennifer Robertson, in Jaipur, India . Now, most of those tied to the Quadriga scandal are left only with their questions, regrets, and warnings. Where Is Jennifer Robertson, The Widow Of The 'Crypto King,' Now? - Bustle She splits her time between working as a waitress and studying for her teaching qualification. Founded in 2014, Quadriga was for a time Canadas largest cryptocurrency exchange platform, and grew rapidly as digital assets became more mainstream, handling more than $1bn in its third years. She hopes to become an elementary school teacher. We reserve the right to close comments at any time. After spending a few years out of the spotlight, shes emerged to tell her story in full in her memoir Bitcoin Widow: Love, Betrayal and the Missing Millions, coauthored with Stephen Kimber. The company didnt even have an official bank account, processing payments through third parties or Cottens own laptop. At first, like many wives, she defended her husband. There were at least five major attacks last year, alone, while Japan, home to some of the worlds most active digital-asset exchanges, has also hosted two of the biggest known crypto hacks: the Mt. She'll get to keep about C$90,000 in cash, a C$20,000 retirement savings plan, a 2015 Jeep Cherokee, her wedding band, some personal furnishings and Quadriga shares. Actress. Robertson said she never suspected anything in all those years with Cotten. (AP/Rick Bowmer). When it came to property, he and his then-girlfriend Jennifer Robertson lived in a three-bedroom in the posh Fall River area, north of Halifax.