A private Indian hospital releases information about QuadrigaCX CEO's death

Crypto CEO Dies Holding Only Passwords That Can Unlock Millions in Customer Coins

Just last week, QuadrigaCX's board of directors issued a statement that there were "significant financial issues", brewing and hence the operations of the exchange were not optimal. The entity has been unregulated until now, even though the BCSC has kept track of it, which is due to the lack of trading securities and derivatives. "As such, BCSC does not regulate it".

Cotten, whose sudden death left $190 million (US$145 million) in Bitcoin and other digital assets protected by his passwords unretrievable, signed his last will and testament on November 27, 2018.

Canadian Securities Administrators are urging Canadians to be cautious about investing in trading platforms through its awareness campaign.

Those looking for recourse can not turn to the courts just yet.

Cotten's death has now left QuadrigaCX with the task of figuring out a way to refund the money of scores of cryptocurrency holders and on Tuesday, February 5, it said that it had been granted creditor protection in the Nova Scotia Supreme Court. Cotten, who essentially operated the exchange from his laptop computer, resided near Halifax, Nova Scotia.

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Robertson, Cotten's widow, has reportedly hired a hacker to try to access the embattled exchange's funds in his laptop. News recently broke that Cotten filed a will 12 days before his death, where he mentioned his wife, Jennifer Robertson, as the only beneficiary and the executor to his estate.

"The information of his death was communicated to the relevant authorities".

On that latter point, however, CoinDesk has obtained the death certificate issued by the Government of Rajasthan's Directorate of Economics and Statistics. The certificate, which IndiaToday.in has been unable to verify, is dated December 13 and says that one "Gerald William Cottan" died at the Fortis Escorts Hospital, located in Jaipur's Malviya Nagar. After a series of cardiac arrests he was declared dead the following evening, his wife at his side. The patient had a history of Crohn's disease and was on monoclonal antibody therapy.

As per the documents (a copy of which is with TOI ), Gerald Cotten was admitted on December 8, 2018. Cotton had complained of watery stools, vomiting, cramps and abdominal pain. He also said that the hot wallet used for daily transactions had the largest balance. Doctors diagnosed "septic shock, perforation, peritonitis, intestinal obstruction" upon admission.

Cotten was also registered as CEO of the company since December 2013. In a Facebook post on December 4, the crypto exchange said that certain funds that were held because of its legal problems were being released. A cryptocurrency researcher has revealed that he found no evidence that QuadrigaCX even had a cold wallet.

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