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CEO of QuadrigaCX Filed Will 12 Days Before Passing




Gerald Cotten, the late CEO of the controversial Canadian crypto exchange QuadrigaCX, had filed a will 12 days before he passed away.

Bloomberg reported this new development.

According to the documents acquired by Bloomberg, Cotten signed his last will and testament on Nov. 27, 2018. There, he mentioned his wife, Jennifer Robertson, as the only beneficiary and the executor to his estate.

Bloomberg has learned that Robertson stands to inherit a massive fortune — a number of properties in Nova Scotia, where the couple resided, and in Kelowna, British Columbia, as well as a Lexus, a Jeanneau 51 yacht, an airplane and his two pet chihuahuas.

Canadian crypto exchange QuadrigaCX has struggled financially since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease late last year.

According to a January affidavit filed by Robertson, Cotten was the only person to have access to QuadrigaCX wallets, and the CEO had not left any trace of passwords. The reported number of users involved in this huge controversy numbers more than 100,000, with around $250 million CAD ($190 million USD) in cryptocurrency and fiat currency purportedly lost.

The report also stated that several QuadrigaCX users have retained lawyers to trigger proceedings to receive their funds, however stressing that the court has given the exchange a 30-day stay to keep lawsuits at bay during this time.

Cotten’s death courted controversy in the crypto space, with some clients claiming he faked his death to rob them of their assets. However, later a death certificate, officially handed by the Government of Rajasthan’s Directorate of Economics and Statistics, was revealed, which said that Gerald William Cotten died on December 9.

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