April 19, 2024

QuadrigaCX lawyers demand exhumation of the body of its founder Gerald Cotten

Lawyers representing former users of the QuadrigaCX platform have sent a request for the exhumation of the bodyExchange founder Gerald Cotten, who died while traveling in India in December 2018.

Representative of former lawyers appointed by the courtQuadrigaCX users Miller Thomson contacted Bill Blair, supervisor of the Royal Canadian Mounted Police (RCMP), to find out if the law enforcement agency will exhume the body of the site’s founder, Gerald Cotten. The sent letter was posted on the website of the law firm on Tuesday.

Law firm for the first time last monthrequested RCMP exhumation and autopsy of Cotten’s body and asked the agency to confirm that it was indeed in his grave and to determine the cause of death. Cotten’s premature demise accelerated the bankruptcy of the exchange, as he was the sole owner of the private keys to cold wallets.

“Today a representative of the legal counsel sentletter to Bill Blair, Canada's Minister of Public Safety and Emergency Preparedness, requesting an update on whether the RCMP will exhume and autopsy Gerald Cotten's body by spring 2020," — the letter says.

The document notes that users cancontact the Minister directly by e-mail “if they have additional questions”, and it is also proposed to contact members of parliament for answers.

QuadrigaCX exchange went offline in January last yearyear, and was declared bankrupt in April. A month later, the court temporarily released QuadrigaCX from prosecution of creditors, and Ernst & Young was appointed trustee of the exchange. Last summer it became known that the founder of QuadrigaCX used client money for personal trading on other exchanges.

In October, Gerald Cotten's widow pledgedtransfer assets worth $9 million to auditor Ernst&Young to compensate losses to affected creditors. Let us also recall that earlier this month the FBI reached out to victims of the QuadrigaCX bankruptcy, confirming that it continues to conduct an investigation into the failed site.

</p></p>