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 their own bodies 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, soliciting dominions” conduct an exhumation and postmortem postmortem” on the body of Gerald Cotten, founder of QuadrigaCX, citing what the conglomerate called the” questionable events” around his death earlier this year.
Citing ” decomposition concerns”, solicitors requested the exhumation be completed no later than spring 2020.
Gerald Cotten, 30, died abruptly 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 virtually 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 necessary allows. While Robertson has owned of the laptop containing the necessary passwords, she remains locked out.
” The laptop computer from which Gerry carried out the companies’ business is encrypted and I do not know the password or recovery key. Despite recurred and diligent examines, I have not been able to find them written down anywhere ,” she said during court filings.
Uncertainty about the missing stores has fueled speculation that Cotten may still be alive. In their letter to the RCMP the law firm marked 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 several money-losing transactions executed by Cotten, using patrons’ funds.
They also received a substantial amount of money was used to fund a lavish life-style for the couple, including the use of private spurts and indulgence vehicles. Ernst& Young was able to recover $ 24 m in money and$ 9m in assets to be organized by Robertson.
Both Canada’s tax authorities and the FBI are also investigating the company.