Indian authorities have confirmed the death of the founder of the canadian bitcoin exchange QuadrigaCX Gerald Cotto. As stated by the trading platform, this happened in early December. The relevant documents were at the disposal of the publication CoinDesk.
In India confirmed the words of Jennifer Robertson, the wife of Cotto, on his death, 9 Dec. The funeral took place on 12 December in Halifax.
Note that many community members doubted that Cotten really died, it was assumed that there is a re-enactment with the aim to steal money of users.
So, it was not entirely clear why the death was reported only a month later, what were related problems with the withdrawal of Fiat and digital currencies, and why QuadrigaCX has issued a corresponding certificate.
We will remind, about 115 thousand users had a crypto (CAD 180 million) and Fiat balances (70 million CAD). On the exchange’s wallet is stored 26 500 BTC, BCH 11 000, 11 000 BSV, 35 000 BTG, LTC 200 000 and 430 000 ETH. Most likely, all of these funds are in cold storage, access to which was only to Cotto.
Bitcoin exchange QuadrigaCX has lost access to the users for $190 million https://t.co/KZia5wYrZG#QuadrigaCX #Canada #exchange
— ForkLog (@ForkLog) 2 Feb 2019
According to the newspaper, Verkhovnogo court of the province of Nova Scotia to satisfy the petition QuadrigaCX on the protection from creditors to avoid bankruptcy.
Readers can support the magazine in these difficult ForkLog “red” days! We are waiting for donations to this address.