Mystery deepens over dead CEO with $145 million worth crypto passwords

Crypto CEO of Crypto Exchange Quadriga Filed Will 12 Days Before his Death Rick D

However, the exchange was unregulated as there was reportedly no indication that Quadriga traded securities or derivatives, or operated as an exchange in general.

According to Bloomberg Brian Kladko, a spokesman for the British Columbia Securities Commission, revealed the agency now has no indications QuadrigaCX was "operating as a marketplace or exchange under British Columbia securities laws".

QuadrigaCX, the Canadian crypto exchange, fell into a quagmire after the death of its CEO Gerald Cotten which left $215 million user funds trapped in his laptop.

The Canadian Securities Administrators, an umbrella organization representing provincial securities regulators, issued a statement Thursday urging Canadians to be cautious when buying crypto-assets through trading platforms.

Those looking for recourse can not turn to the courts just yet.

The circumstances surrounding Mr Cotten's death - and the way he conducted his business from the couple's home in Fall River, Nova Scotia - has led to a flurry of speculation and allegations in internet chat rooms, The Canadian Press reported.

The problem is, Robertson said she can't find his passwords or any business records for the company.

"In an application to probate the will, filed on December 21, 2018, Robertson confirmed that the gross value of Cotten's personal property - all of which was left to her - was $9.6 million.


The information of his death was communicated to the relevant authorities". However, later a death certificate, issued by the Government of Rajasthan's Directorate of Economics and Statistics, was unveiled, which stated that Gerald William Cotten died on December 9.

Cotten was brought to the hospital in a "critical condition" with "pre-existing Crohn's disease and was on monoclonal antibody therapy every 8th week", the statement from Fortis Escorts reads. His vital kept deteriorating and he developed recurrent episodes of cardiac arrest before being declared dead at 7.26pm.

They said he had complained of watery stools, vomiting, crampy abdominal pain, and was feeling feverish. He also said that the hot wallet used for daily transactions had the largest balance. In the hours that followed doctors tried in vain to save him from a raging fever, septic shock and a perforated intestine.

Cotten was also registered as CEO of the company since December 2013.

Back in India, Rajasthan police's NOC (no-objection certificate) to Robertson on December 10, 2018 raised several doubts.

An analyst h as claimed that the "missing" funds from embattled Canadian crypto exchange QuadrigaCX may not be stuck in a cold wallet but missing altogether.

Earlier a year ago, Quadriga was experiencing difficulties accessing CA$21.6m of its funds, when the Canadian Imperial Bank of Commerce (CIBC) froze five accounts belonging to the exchange's payment processor, Costodian Inc., and its owner, Jose Reyes.

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