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Its pretty much money by people for people.. The documentary follows a group of Quadriga investors turned sleuths who dig into the suspicious death of Cotten and the millions of missing cryptocurrency they believe Cotten stole from them, according to a tweet from Netflix announcing the film. The Netflix documentary will follow investors-turned-investigators looking into theories on the founder's sudden death. The circumstances sparked speculation from some in the crypto community that the CEO faked his death and stole his clients' money. Soon enough, QuadrigaCXs customers struggled to withdraw money from the exchange. But Bitcoin crashed at the end of 2018, and Cottens flashy lifestyle needed cash to sustain itself. However, in 2018, Bitcoin prices crashed and many began withdrawing their funds from Quadriga, except they were being met with error messages before the exchanges website stopped working in 2019. Customers reported that once they arrived, there was nobody in the office, or that there was no cash to be disbursed. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. Despite repeated and diligent searches, I have not been able to find them written down anywhere, she said in court filings. So what exactly happened to Cotten, and is he still alive somewhere sitting on a mountain of stolen crypto? Some have speculated that Gerald Cotten faked his own death and basically got a knock-off death certificate in India or perhaps he was killed by his business partners but even the death itself is incredibly suspicious. Cotten In 2013 was looking for a programmer to help him create a bitcoin marketplace using the account name Murdoch1337 on a BlackHat Forum and this account was last seen active in August 2019 at this point he should have been "dead" for a long time. An official investigation concluded that Quadriga was"an old-fashioned fraud wrapped in modern technology". It has led the pack of other streaming giants, producing the most projects in the true-crime genre as of 2020. He appointed Peter Wedlake of Grant Thornton to be chief restructuring officer. [38][39], According to some of Cotten's family members, there was a crypto "Dead man's switch" that would provide Quadriga with operating information in the event of his death; however, "neither the monitor nor others involved with the organization are aware of a dead-man switch email having been received. Gerald Gerry Cotten is the founder of Canadian cryptocurrency exchange Quadriga Fintech Solutions and is at the helm of a groundbreaking investment scam that the Netflix documentary investigates. [54], A 2021 8-episode podcast entitled Exit Scam followed the buildup of Quadriga, and investigated whether Gerald Cotten had faked his own death. "I kept asking them: Where's my money? I could have put it in stocks. The investors found more questions than answers. April 2, 2022 Netflix Nobody was expecting Gerald Cotten, the CEO of Canadian Bitcoin exchange QuadrigaCX, to die at 30. ", QuadrigaCX founder used aliases, moved assets into personal accounts: report, "Quadriga Crypto Mystery Deepens With 'Cold Wallets' Found Empty", "After founder's sudden death, cryptocurrency exchange can't access $190 million in holdings", "Crypto Mystery: Quadriga's Wallets Are Empty, Putting Fate Of $137 Million in Doubt", "Unable to Retrieve Money, Cryptocurrency Investors Want Dead Executive Exhumed", Crypto exchange Quadriga was a fraud and founder was running Ponzi scheme, OSC report finds, QuadrigaCX: A Review by Staff of the Ontario Securities Commission, Quadriga CEO's widow speaks out over his death and the missing crypto millions, "Quadriga Accidentally Moved More Bitcoin to an Inaccessible Wallet", "Quadriga Founder's Widow Seeks Repayment of Her Costs", "Quadriga Lawyer Withdraws Amid Conflict of Interest Concerns", "Hot Docs Shane Smith: Weve crossed the digital divide", "Exit Scam: A Podcast Series about the Death and Afterlife of Gerald Cotten", "More than $400,000 in QuadrigaCX cryptocurrency disappears into 'cold wallet', "Before Quadriga: How shady ventures in Gerald Cotten's youth led to the creation of his ill-fated cryptocurrency exchange", "Widow of Quadriga crypto founder Gerald Cotten says she had no idea about the $215-million scam", https://en.wikipedia.org/w/index.php?title=Quadriga_Fintech_Solutions&oldid=1141935834, Financial services companies established in 2013, Companies that have filed for bankruptcy in Canada, Pages containing links to subscription-only content, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 February 2023, at 17:09. Did Cotten fake his own death, investors began to ask, absconding to lands anew under a new name and a surgically rejigged face? There's a small chance that someone was investigating his old accounts and that they accessed his BlackHat but it's very unlikely. Official investigations into the matter have yet to produce any definitive answers. Thats when the Globe started to be convinced that he was dead, after all. But even the forensic accountants only managed to trace $46 million of the total $215 million customers had deposited onto the exchange. thinks that Gerald is deadnor did he ever meet his wife. The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. A Canadian bank froze another $21 million of funds. I put myself into a deep hole and the only way to dig out of it was to sell my house.. Cotten passed away from complications that arose from Crohns disease while on a honeymoon in Indiaapparently taking some $215 million of customer funds to the grave. [7] Meanwhile, in order to manage the finances of the company during the process, a third-party monitor, Ernst & Young, was appointed. [6], Ernst & Young was appointed as an independent monitor while Quadriga was granted temporary legal protection from its creditors under the Companies' Creditors Arrangement Act. A new Netflix true-crime documentary is tackling a bizarre story from the world of cryptocurrency. Gerald Cotten. On this Wikipedia the language links are at the top of the page across from the article title. Netflixs documentary definitely seems to be in the corner that Cotten did die, despite the mystery surrounding his death. More than three years after the sudden death of Quadriga CEO Gerald Cotten and the revelations that the company was a massive cryptocurrency scam, his widow, Jennifer Robertson, tells her side of the story.#Quadriga #GeraldCotten #BitcoinWatch The National live on YouTube Sunday-Friday at 9 p.m. ETSubscribe to The National: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1Connect with The National online:Facebook | https://www.facebook.com/thenationalTwitter | https://twitter.com/CBCTheNationalInstagram | https://www.instagram.com/cbcthenationalMore from CBC News | https://www.cbc.ca/newsThe National is CBC's flagship nightly news program, featuring the day's top stories with in-depth and original journalism, with hosts Adrienne Arsenault and Andrew Chang in Toronto, Ian Hanomansing in Vancouver and the CBC's chief political correspondent, Rosemary Barton in Ottawa. There was no autopsy on the body, for instance, and Cotten had signed his will two weeks after he diedleaving his riches to Jennifer. Gerald Cotten was the talk of the cryptocurrency world in Canada after he introduced QuadrigaCX, a place where investors could buy and sell cryptocurrency. That same month, Quadriga filed for creditor protection, and scores of angry investors began furiously questioning where their money went, even though only Mr Cotten knew the keys to the companys crypto vault and never set up a dead mans trigger to send them elsewhere in case he was incapacitated. Further complicating the matter the company's co-founder Michael Patryn was revealed to actually be a man named Omar Dhanani, who had previously been convicted in the US of identity fraud. Was he avoiding something or someone? It essentially removes the need for a central authority. Like the end of a classic Ponzi, the OSC said that due to Cottens bad trades, QuadrigaCX couldnt afford to credit customers who withdrew funds. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, Investors are still hunting for millions in vanished cryptocurrencies, writes Josh Marcus, Find your bookmarks in your Independent Premium section, under my profile. Gerald Cotten is allegedly meant to have died from Crohn's disease after the exchange crashed. Then Cotten took a turn for the worse: he went into cardiac arrest three times; the third time, the doctors couldnt revive him and declared him dead. 4 people named Gerald Betzen found in California, Texas and Massachusetts. Cotten's widow has rarely spoken publicly, but in an affidavit has described herself as being subject to "slanderous comments" over accusations her husband faked his death. His body was repatriated to Canada and a funeral was held in Halifax, Nova Scotia. Some have speculated his death was a clever ruse and there have been calls to have his body exhumed to prove it was a "fake". We explain who Gerald Cotten is, the subject of this documentary, and reveal where he is now, including the mystery surrounding his downfall. He was 30-years-old. Email us at tech@the-sun.co.uk, Ring removes free perks for millions of users, you'll have pay to get them back, Android users told check for five Google 'danger phrases' don't ignore list, Facebook's hidden list reveals if you're a 'target' for criminals, People are just realizing Apple upgraded the iPhone with 7 life-changing secrets, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, Tong Zou tells his devastating story in new Netflix doc, Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him. https://bit.ly/3cAIH4j Newest Vid's https:. Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. But pour in it did. Then it emerged that Jennifer had legally changed her name three times in the past few years, and a man sharing one of her former last names was at the center of an unsolved murder case. ", He added: "We thought we were looking for basically a rich guy who had stolen money, Now either [Cotten is] dead, or if hes alive, hes a gambling addict whos broke.". Gerald 'Gerry' Cotten died in 2018, taking password to access funds with him Credit: Netflix. "I couldn't get any sleep. Gerald Cotten (born 11 May 1988)[14] lived in Belleville, Ontario before attending the Schulich School of Business at York University in Toronto. "I could have invested it in real estate. Forensic accountants discovered that Gerry was trading against fake users, crediting their account with fake currencies and pocketing the cash, using the proceeds to play the crypto market. Robertson has denied any knowledge of her husband's wrongdoing - and in 2019 returned $9million to the company to repay users. It was a perfect match, sparked up on Tinder, she said in the documentary. But months later, customers still couldnt take their money out. CRYPTO scams are popping up all over the internet. Gerald Cotten is a bitcoin millionaire from Canada whose death, supposedly from complications relating to Crohn's disease, is now being questioned. The circumstances are dodgy that they chose to honeymoon to India and he suddenly dies from complications of Crohn's disease. There's also other posts on his Murdoch1337 account that are weird he asks for people to sell him old reddit accounts presumably because he would use these alt accounts to downvote people trying to slander his company or he would make posts on these alts saying how great Quadriga is. The only catch: only Gerry knew the passwords to the companys crypto-vaults. Some evidence suggested that Jennifer, if real, was acting strangely. By clicking Sign up, you agree to receive marketing emails from Insider Re-thinking indemnification for smart contract risks", "Bitcoin investors face long delays cashing out, criticize two B.C. They reported that Jennifer said she couldnt get into Cottens laptops, and found an affidavit from Robertson saying that she didnt understand how QuadrigaCX operatedeven though one of Robertsons companies later wired cash to some of Quadrigas customers. According to the documentary, thats around the time that Cotten started to invest his money in islands, cars and property, traveling the world while running his exchange. The thing about conspiracy theories, though, is that they mutate out of control very quickly, and arent always reflective of the latest evidence. Jennifer, scared for her safety, entered a safe house. Finally, the OSC discovered something that cracked the case wide open. Now . Netflixs latest true crime doc, "Trust No One: The Hunt for the Crypto King",seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. There's only two people who really know what happened in India. Was the CEOknown for his luxurious lifestyle, which included jets, supercars and vacationsmurdered by a mob debt collector or a jealous lover? Thinking that Jennifer had murdered Cotten, the Telegram group spiraled out of control. Things began to sour, however, in 2018, when the price of Bitcoin collapsed. November 28, 2022 by Nurudeen. Since his death, Cotten has been recast as a habitual scammer who would enjoy the thrill of knowing he was duping his customers and investors.