Canadian company founder Gerald Cotten, 30, died in questionable circumstances and took crucial password to the grave
Lawyers for customers of an insolvent cryptocurrency exchange have asked police to exhume the body of the company’s founder, amid efforts to recover about $190 m in Bitcoin which were locked in an online black hole after his death.
Miller Thomson LLP sent a word to the Royal Canadian Mounted Police on Friday, requesting experts” conduct an exhumation and postmortem postmortem” on their own bodies of Gerald Cotten, founder of QuadrigaCX, quoting what the house called the” questionable environments” around his death earlier this year.
Citing ” decomposition concerns”, solicitors requested the exhumation successfully completed no later than spring 2020.
Gerald Cotten, 30, died unexpectedly in December 2018 of complications relating to Crohn’s disease while on honeymoon in Jaipur, India, with his wife, Jennifer Robertson. His body was repatriated to Canada and a funeral was held in Halifax, Nova Scotia.
Soon after his death, nonetheless, reports surfaced that roughly 80,000 users of QuadrigaCX- at the time Canada’s largest cryptocurrency exchange– were unable to access funds totalling more $190 m.
Cotten was the only one with access to required dispensations. While Robertson has possession of the laptop containing the necessary passwords, she remains locked out.
” The laptop computer from which Gerry be put into practice the companies’ business is encrypted and I do not know the password or recovery key. Despite reproduced and industriou scours, I have not been able to find them be in writing anywhere ,” she said during tribunal filings.
Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. In their letter to the RCMP the law firm highlighted the” need for certainty around the question of whether Mr Cotten is in fact deceased “.
The accounting firm Ernst& Young, tasked with auditing the company as it undergoes bankruptcy proceedings, discovered innumerable money-losing sells executed by Cotten, utilizing purchasers’ funds.
They also knew a substantial amount of money was used to fund a lavish life for the couple, including the use of private sprays and indulgence vehicles. Ernst& Young was able to recover $ 24 m in cash and$ 9m in resources held by Robertson.
Both Canada’s tax authorities and the FBI are also investigating the company.