Crypto firm CEO with $190 million password did die in Jaipur hospital

Mae Love
February 10, 2019

Exchanges where Quadriga CX had accounts, including Poloniex, Kraken and ShapeShift, were reportedly looking into the allegations.

Cotten, whose sudden death left $190 million (US$145 million) in Bitcoin and other digital assets protected by his passwords unretrievable, signed his last will and testament on November 27, 2018.

"As such, BCSC does not regulate it", spokesman Brian Kladko said in an email.

The list includes: a large home in Kelowna, B.C.; a property on Nova Scotia's western shore; an undeveloped property in Fall River, N.S.; a 2017 Lexus; an "airplane;" a 2015 Mini Cooper and a 50-foot Jeanneau 51 sailboat.

In her affidavit, Robertson said she has been subjected to online threats, slanderous comments and speculation about Cotten's death, "including whether he is really dead".

The CSA continues to urge Canadians to be cautious when considering buying crypto-assets through trading platforms. The documents show he left all his assets to his wife, Jennifer Robertson, and made her the executor of his estate.

Cotten's death sparked controversy in the crypto community, with some customers claiming he faked his death to steal their assets.

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Cotton was heavily involved in the news surrounding QuadrigaCX exchange, who are unable to pay back over $190 million in customer funds due to the fact that Cotton was the only person with access to the funds. However, the Government of Rajasthan's Directorate of Economics and Statistics produced a death certificate, verifying that Cotten had passed away on December 9.

Fortis Escorts hospital in Jaipur issued a statement Thursday confirming that Cotten was admitted on December 8, 2018, at 9:45 p.m. and died from a cardiac arrest at 7:26 p.m. the next night, according to CoinDesk, an online publication that tracks the cryptocurrency industry. According to a Times of India report, lawyers around the Bandra court area, Mumbai, are experts in making fake death certificates in return for money. The patient had a history of Crohn's disease and was on monoclonal antibody therapy.

They said he had complained of watery stools, vomiting, crampy abdominal pain, and was feeling feverish.

Cotten was also registered as CEO of the company since December 2013. A cryptocurrency researcher has revealed that he found no evidence that QuadrigaCX even had a cold wallet.

He is also said to have been an advisor for Crypto Consortium and served as a Director of the Vancouver Bitcoin Co- Op.

Earlier past year, 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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