to connectVideoCrypto a boss that dies with a password is necessary to unlock the millions and millions of dollars from customer accounts
For the customers, Canadian cryptocurrency exchange has been reported to be not in a position to gain access to $190 million of funds, after the founder of the company died, the passwords that are required in order to gain access to the money.
Representatives of the users of the need to QuadrigaCX cryptocurrency exchange to the Canadian authorities to exhume the body of the founder of the company is in the midst of the ongoing controversy over the company’s demise.
Gerald Cotten, the 30-year-old founder of QuadrigaCX, who died in India on Oct. 9, 2018, as a result of complications arising from Crohn’s disease, according to a sworn statement from his wife after his death. Cotton’s body was reportedly brought back to his home country of Canada, for the funeral.
At the time of his death, Cotton was not the only person with the passwords to gain access to the money of the customers. In the turmoil following Cotton’s death, and QuadrigaCX, sought the protection of its creditors in Nova Scotia Supreme Court.
CRYPTOCURRENCY BOSS, RESPONSIBILITIES OF CLIENT FUNDS TO PERSONAL ACCOUNTS OF HIS DEATH, INVESTIGATORS SAY
Cotton is the death of the left, the customers will not be able to get access to more than $160 million in funds, and the controversy still swirls around the company and its founder. The court-appointed monitor, Ernst & Young, which is overseeing the bankruptcy, has been investigating the company’s collapse.
In a letter to the Royal Canadian Mounted Police), Dec.13, the law firm of Miller Thomson asked the authorities to “carry out an exhumation and post-mortem autopsy on the body of Gerald Cotten, in order to confirm both her identity and cause of death, in view of the doubtful circumstances of Mr Cotton’s death, and major losses to the Affected Users.”
The lawyers presented what they described as a information that is publicly available about the Cotton and the coach-and-four, that, “in our opinion, further underline the need for certainty around the question of whether Mr. Cotton is, in fact, died,” according to the letter.
$190 MILLION IS GONE FOREVER? COMPUTER THE BOSS DIES, THE USE OF PASSWORDS IS REQUIRED IN ORDER TO UNLOCK ALL OF THE CUSTOMER’S ACCOUNTS
Cotten, widow of Alex Robertson’s “heartbroken” by the request, and, according to her lawyer Richard Niedermayer.
‘My client, Bill Robertson, was the wife of the late Gerald (Gerry) Cotton and the executor of his estate, is devastated to learn of this request,” said Niedermayer, a partner with Stewart McKelvey in a statement via e-mail to Fox News. “Gerry has passed away on the 9th of December 2018, in India, an independent study by the Globe & Mail, confirmed this earlier in the year, and it should not be in the shadow of a doubt. Whereas, Ms. Robertson has assisted in the coach-and-four Users Involved in the recovery of assets, and fully co-operated with Ernst & Young in the survey, it is not clear how the site, or do an autopsy to confirm the cause of Gerry’s death to complications arising from Crohn’s disease, and could assist in the asset recovery process.
The Royal Canadian Mounted Police, declined to comment when contacted by Fox News for a while. “If this is the case in the study, we can’t reply to any of your inquiries,” a spokeswoman said in a statement via e-mail.
THE DEATH OF ANIMALS, AND IN THE ABSENCE OF A $190 MILLION: THE STRANGE CASE OF CRYPTO-EXCHANGES QUADRIGACX
In a report released earlier this year by Ernst & Young, argues that Cotton is transferred out of the funds of company’s clients prior to his death.
“Mr. Cotton made in identified accounts in aliases, if it is proved that the non-eligible deposits, have been paid, and used it to trade on the platform, which results in inflated sales figures, the artificial transaction with the user, and, ultimately, the withdrawal of the cryptocurrency paid for by the users,” the report said. “Substantial resources have been delegated to Mr. Cotton the personal, and the other parties involved.”
With reference to the details of the coach-and-four from the database of the Ernst & Young reported that, at the time of the filing of the bankruptcy, the company owed 214.6 million Canadian dollars ($163 million) to its customers.
The first reports in the media indicate that the Quadriga is owed $190 million, but Ernst & Young said it achieved a more fine-grained information about the company’s financial condition as a result of the bankruptcy proceedings, which was submitted to the Nova Scotia Supreme Court.
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Ernst & Young has reported that of 33 million Canadian dollars ($25 million) and amounts owed to customers has been restored.
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