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QuadrigaCX Users Lose $190M as Speculations Over Cotten’s Death Swirl

Published 06/27/2019, 12:48 PM
Updated 06/27/2019, 01:01 PM
QuadrigaCX Users Lose $190M as Speculations Over Cotten’s Death Swirl

The crypto community has recently been actively discussing the fate of QuadrigaCX’s 30-year-old founder, Gerald Cotten, who reportedly died in India from a fatal disease in December 2018. However, before the apparent passing, he took virtual keys for digital wallets and moved them into cold storage. Why did this story end so tragically, and has it truly come to a conclusion?

QuadrigaCX appeared in 2013 and quickly became one of the largest Canadian crypto exchanges. The platform allowed its users to get cash or cryptocurrency through an online trading service by storing digital assets on the blockchain, which are only available in the same alphanumeric code. Gerald Cotten was the only officer and director.

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