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Gerald Cotten signed his last will on November 27, 2018.
According to court documents, Gerald Cotten, the Canadian behind the Quadriga CX cryptocurrency, filed a will 12 days before his death.
Cotten, whose sudden death left 190 million Canadian dollars ($ 145 million) in bitcoins and other digital resources protected by indestructible pbadwords, signed his will on November 27, 2018. He left all his badets to his credit. wife, Jennifer Robertson, and makes her the executor to his estate, the documents show.
Nova Scotia Supreme Court Justice Michael Wood has granted Quadriga a 30-day suspension on Tuesday to prevent any legal action against the company, the Canadian Press reported. The Vancouver-based company has also benefited from protection against creditors.
The exchange, launched in December 2013, allowed users to deposit money or cryptocurrencies via its online trading platform, storing digital coins on blockchain registers accessible only by an immutable alphanumeric code. The company had 363,000 registered users, 92,000 of whom had cash or cryptocurrency credit balances, according to court records. Cotten was the sole officer and director.
Cotten died on December 9 from complications of Crohn's disease in Jaipur, India, according to Robertson's affidavit and a death statement from J.A. Snow's Halifax Funeral Home, dated Dec. 12. He was 30 years old. The couple, who lived in the suburbs of Halifax in Fall River, Nova Scotia, did not have children.
The testament of the founder of the exchange describes many badets he owned, including several properties in Nova Scotia and Kelowna, British Columbia, a 2017 Lexus, a plane, a Jeanneau 51 yacht and his Chihuahuas, Nitro and Gully. He also left his reward points and reward points to Robertson. He had accounts at the Bank of Montreal and Canadian Tire.
The company can not recover approximately 190 million Canadian dollars in bitcoins, litecoins, Ether and other digital tokens held for its customers, and Quadriga CX, of Vancouver, can not pay the 70 million Canadian dollars in cash that these customers have pay.
Cotten has always been concerned about security: his laptop, e-mail addresses, and messaging system that was previously used to run this 5-year business were encrypted. He was solely responsible for the management of funds and coins, as well as the banking and accounting aspects of the company and, to avoid any piracy, transferred the "majority" of digital coins to what is called storage. refrigerated, or not connected to the Internet, the deposit me said.
The problem is, Robertson said that she can not find her pbadwords or business documents for the company. Experts have been summoned to try to hack the other computers in Cotten and the mobile phone has only met with a "limited success" and attempts to bypbad an encrypted USB key have been foiled, she told the court.
Informal Committee
Meanwhile, some Quadriga customers who claim to be in debt carry on their own lawsuits, including software engineer Xitong Zou of Orillia, Ontario. According to the affidavit filed in a Halifax court on February 5, the client should have paid approximately $ 560,000 CDN to Quadriga – "one of the biggest users involved" -.
Xitong Zou and others are part of an informal committee of concerned users who retained the services of law firms Bennett Jones LLP and McInnes Cooper to represent them during the protection proceedings. creditors. Other clients named in the affidavit include:
Tong Zou, with C $ 560,000 outstanding from Epsilon One Pty Ltd., with C $ 1.04 million and CAN $ 81,697 outstanding, Matthew Leudy, with C $ 438,677 in badets under management , Benoit Gagne, with a financial outstanding of CDN $ 371,000, Block Trading Corp. Ethereum.
(With the exception of the title, this story has not been changed by NDTV staff and is published from a syndicated thread.)
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