QuadrigaCX: Lawyers Double Down on Efforts to Exhume the CEO’s Body
According to a report by Coindesk published on January 28, 2020, lawyers representing the former users of Canada’s QuadrigaCX cryptocurrency trading platform have amped up their efforts to exhume the exchange’s founder’s body.
Lawyers Double Down On Their Demand
The bizarre developments surrounding Vancouver-based now-defunct digital currency exchange QuadrigaCX have been nothing short of remarkable. Since the suspicious death of the exchange’s former CEO, Gerald Cotten, the exchange’s creditors and investors haven’t had a sigh of relief with regard to the recovery of funds invested by them in the organization.
For the uninitiated, in 2019, Cotten was found dead in India under suspicious circumstances. Further, at the time, Cotten was supposedly the only person with the password to access QuadrigaCX’s cold wallet which stored the bulk of the exchange’s digital assets.
At the time, cryptocurrencies worth $250 million of customer’s funds were permanently locked up in the exchange’s cold wallet only accessible to Cotten.
Now, Miller Thomson, the court-appointed representative counsel for Quadriga’s former users, has contacted Bill Blair, the public official responsible for overseeing the Royal Canadian Mounted Police, to clarify whether the pertinent law enforcement agency would exhume Cotten’s body. The demand was made in a letter emailed to creditors and posted to the law firm’s website on January 28. The letter reads in part:
“Today, Representative Counsel issued a letter to the Honorable Bill Blair, Canadian Minister of Public Safety and Emergency Preparedness, requesting an update on whether the RCMP will conduct an exhumation and postmortem autopsy on the alleged body of Gerald Cotten prior to Spring 2020.”
Notably, in December 2019, the law firm had requested the law authorities to both confirm that Cotten’s body is in his grave, as well as determine the cause of death.
No End In Sight
The story surrounding QuadrigaCX rivals that of Mt. Gox and Charlie Shrem when it comes to the dramatic flavor of the chain of events.
BTCManager reported on January 15, 2020, how the Federal Bureau of Investigation (FBI) had contacted some of the exchange’s registered traders who lost their digital assets to QuadrigaCX.
On a more recent note, it came to light how the missing QuadrigaCX funds are linked to financial services firm Crypto Capital.