Netflix has tried to get to the bottom of things in its, Trust No One depicts Cotten as a nerdy, happy-go-lucky, and charming CEO, who was knee-deep in, reporter that the banks, which didnt trust crypto exchanges, had, The investors found more questions than answers. We explain who Gerald Cotten is, the subject of this documentary, and reveal where he is now, including the mystery surrounding his downfall. A bitcoin mining operation in Saint Hyacinthe, Quebec. They surfed his social media accounts at first, then traced Cottens digital footprints even more closely for clues. Facebook / Remembering Gerry Cotten In the weeks since Quadriga Fintech Solutions Corp. belatedly made his death public, the exchange's furious users have raised questions. "It just makes me more depressed about it," Zou told Sky News. I'm new to this subreddit, I apologise if anything I have said breaks the rules. Supposedly, Cottens business associates didnt even know he was married. His wife Jennifer Robertson said he had promised to create a mechanism that turned thepasswords over to her when he died. Gerald died while on a honeymoon with his wife Jennifer in India, Cotten has been recast since his death as a thrill-seeking scammer, Michael Patryn - real name Omar Dhanani - had previously been convicted of identity fraud, Bitcoin miner electrocuted to death by his computer after forcing it to churn out endless amounts of crypto. One of the Globe reporters had a hunch that this was Gerry Cotten, and traced the account to another online den of thieves, BlackHatWorld. Investors tried to pull their money from Quadriga, but sometimes faced month-long delays. The circumstances are dodgy that they chose to honeymoon to India and he suddenly dies from complications of Crohn's disease. Something was afoot. https://www.blackhatworld.com/seo/hiring-a-programmer-website-like-bitstamp-bitcoin-trading-project.605236/. It sucks.". The new documentary "Dead Man's Switch" looks at the mystery of Gerald Cotten, the QuadrigaCX CEO who unexpectedly died and some $250 in investors' money seemingly disappeared with him. So, Patryn: shit-stirrer, criminal mastermind or another one beguiled by Cotten? [43][44] On 13 December 2019, the court-appointed law firm representing the exchange's former users sent a letter to the RCMP asking that they exhume Cotten's body to confirm his identity and verify a cause of death. His body was embalmed and sent back to Canada for a closed-casket funeral. For instance, had Cottens death certificate, which spelled his name as Cott, , been faked? Netflix announced an upcoming documentary about the Quadriga Bitcoin saga and the death of CEO Gerald Cotten. Fourteen trading accounts that were also examined were used to trade on other exchanges. Front Burner- Inside Canada's Crypto Mystery, Hot Docs Canadian International Documentary Festival, Trust No One: The Hunt for the Crypto King, "Investigation of Quadriga cryptocurrency debacle turns up only $28 million in assets", "Nothing sinister about bitcoin company CEO's sudden death, friend says", "Troubled Bitcoin trader QuadrigaCX takes another bizarre turn", "Canada's largest cryptocurrency exchange Quadriga seeks creditor protection", "Bitcoin Accounts for 95% of Cryptocurrency Crime, Says Analyst", "Crypto-Exchange Says It Can't Pay Investors Because Its C.E.O. 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. His wife has said she was "upset and disappointed" to learn about the extent of the fraud at her husbands company, writing in a 2019 statement, she wasnt aware or involved in Gerrys trading activities, nor his appropriation of customer funds." Gerald Cotten died suddenly of Crohn's disease - or did he? pic.twitter.com/rGymJ5f9Or. Netflix has tried to get to the bottom of things in its new 90-minute doc; read on to uncover the wild tale of Gerald Cotten. Another "appears to have been used to receive Bitcoin from another cryptocurrency exchange account and subsequently transfer Bitcoin to the Quadriga hot wallet" on 3 December. Angry and suspicious investors congregated on Reddit and Telegram to try to get to the bottom of the mystery. "[46] The Official Ontario Securities report on Quadriga is attached here. Gerald 'Gerry' Cotten | FAKE Behind 'Hunt For The Crypto King' Netflix | Where Are They Now?Subscribe Here! Reported by Fansided, Globe and Mail journalist Nathan Vanderklippe spoke to Dr. Sharma, who dealt with Cotten when he came into the hospital. [17][29] Bloomberg also identified Patryn as Dhanani, showing that he had officially changed his name from Omar Dhanani to Omar Patryn in British Columbia in March 2003 and changed it again to Michael Patryn in October 2008. It comes as we revealed some of the world's biggest crypto scams following the case of Bitcoin tradersRaees Cajee, 21 and Ameer, 18,who fledSouth Africa after allegedly pocketing 2.5billion. He passed away in 2018 with the secret of $250 million. Uncertainty about the missing funds has fueled speculation that Cotten may still be alive. Died, and He Had the Passwords", "Pre-filing report of the proposed monitor", "Controversial QuadrigaCX cryptocurrency exchange placed in bankruptcy", "Quadriga Should Shift to Bankruptcy Proceedings, Monitor Says", "FBI Probing Bitcoin Exchange Quadriga Over Missing $136 Million, Source Alleges", "Quadriga: Lawyers for users of bankrupt crypto firm seek exhumation of founder", "How Gerald Cotten built Quadriga and created the ensuing crypto storm", "Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga", "Geek Speak: Gerald Cotton, CEO of Quadriga CX", "Crypto chaos: From Vancouver to Halifax, tracing the mystery of Quadriga's missing millions", "Quadriga's late founder used to store clients' Bitcoin passwords on paper so they wouldn't get lost", "A crypto exchange CEO dies-with the only key to $137 million", "Details emerging about Gerald Cotten, the young founder of QuadrigaCX", "My smart contract just ate $14 millionnow what? Cottens death will likely remain a mystery, with some believing that he is still residing somewhere in the world with the stolen money. Stay up to date with what you want to know. But the mingling didnt end there: the crypto kingpin also allegedly mixed client money with his own, according to investigators, funding the lavish lifestyle he became known for. The doctor stated that while dying from Crohns disease is very rare, Cotten appeared to show signs of illness and suffered from three heart attacks in the same day the paramedics were unable to resuscitate him after his third cardiac arrest. G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. 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. Given the intrigue, some went so far as to question whether Mr Cotten had really died and demanded his body be exhumed. [17] In a 2014 interview, founder Gerald Cotten explained that the company stored customer funds on paper wallets in safe deposit boxes: "So we just send money to them, we dont need to go back to the bank every time we want to put money into it. Gerald Cotten, the founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on it. "Once I deposited it, it was basically gone.". I put myself into a deep hole and the only way to dig out of it was to sell my house.. The couple were on their honeymoon in India, where Jennifer had dreams of opening an orphanage. Disclosure: Mathias Dpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. In December 2018, Cotten died during his honeymoon with his wife, Jennifer Robertson, in Jaipur, India. This was more of a gamblers high than a rich guys high as he pursued more and more of other peoples money, the stakes went up. #GeraldCottenReallyDead #GeraldCottenStillAliveGerald Cotten Really Dead ? In December of 2018, the jet-setting crypto couple headed to India for their honeymoon, where Mr Cotten died of complications from Crohns disease, 12 days after modifying his will. Quadriga's accounts are estimated to have held 190million ($250million). The mystery of Cotten and Quadriga is now the subject of podcasts Exit Scam and A Death In Cryptoland. When he was a 15-year-old in Belleville, Ont., Gerald Cotten was selling get-rich-quick schemes on online forums that taught him how to deceive investors and cover his tracks. After some more digging, the reporter found an order form filled out by one Gerald Cotten. "You appear dead for a few days, until you get the cure," the source said. Netflixs latest true crime documentary, Trust No One: The Hunt for the Crypto King, has arrived on the streaming platforms extensive catalog of intriguing documentaries. [7][8] On 8 April 2019 the firm entered bankruptcy under the Bankruptcy and Insolvency Act as the possibility of a successful reorganization appeared to be remote. Quadriga CX was left owning its 76,000 investors around $215million (CAD). After beginning as an entrepreneur, Cotten founded Quadriga Fintech Solutions in 2013 and the company evolved to become the largest crypto exchange in the country, and it even helped to legitimize Bitcoin. 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,. He is believed to have carried out Ponzi scheme scams since he was just 15 - such as playing a role in pre-crypto digital token eGold, according to investigator Amy Castor. The thing is, a CEOs death shouldnt lock customers out of their money. And not even he thinks that Gerald is deadnor did he ever meet his wife. Though some dont believe Mr Cotten is really gone, the money from Quadriga is. "So far, nothing's been found. 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. 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. https://bit.ly/3cAIH4j Newest Vid's https://bit.ly/3JkFmEqFollow Us On Facebook https://bit.ly/3oh5cS8Gerald Cotten or Gerry Cotten's life and tragic passing are shrouded in mystery. The tech-savvy individual traced domain names, links, and trades on the blockchain, discovering a lengthy track-record of schemes, from Mr Cottens early days on TalkGold, to his association with a business partner named Michael Patryn. [7] Meanwhile, in order to manage the finances of the company during the process, a third-party monitor, Ernst & Young, was appointed. 29 2022, Published 3:03 p.m. Here's my take on Gerald Cotten and his suspicious death. The media dragged Gerald Cotten's wife, Jennifer Robertson, into the spotlight after his mysterious death. Finally, the OSC discovered something that cracked the case wide open. The only catch: only Gerry knew the passwords to the companys crypto-vaults. Customers have since struggled to regain access to their money, citing withdrawl issues and lack of communication from the company. 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. 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. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. [16] In 2014 only C$7.4 million worth of bitcoin were exchanged on Quadriga. [21], Throughout 2018, as Bitcoin prices crashed, customers of the exchange reported delays when attempting to withdraw dollars. The streaming service announced the feature alongside a slate of upcoming true-crime projects last week. , 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. - Watch Full Details ! There were other problems around that time. It just wasnt there. Robertson has not been accused of any wrongdoing - and has denied any knowledge of her husband's business dealings. 'Trust No One: The Hunt for the Crypto King' will be released sometime in 2022. Cotten neglected to pass on the passwords to the accounts, and in 2019, when investigators tracked down Cotten's digital wallets, all the money was gone. The Netflix documentary will follow investors-turned-investigators looking into theories on the founder's sudden death. Dying from Crohn's disease when only 1.6% of sufferers from this disease die of it and to happen to die from . The OSC tugged on the same thread, but neither could get hold of him. His death certificate was issued by the Indian authorities and contains an incorrect spelling of his name. Ernst & Young was able to recover $24m in cash and $9m in assets held by Robertson. The crypto entrepreneur bought increasingly lavish purchases: a $600,000 yacht, a high-end Lexus, 17 homes in Canada, a plane. NOW WATCH: Netflix is headed for a huge profit milestone in 2018, Personal Finance Insider's picks for best cryptocurrency exchanges. "Trust No One: The Hunt for the Crypto King". Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Mom 'stabs 3 of her kids to death and wounds 2 others in unsupervised visit', Daughter of murdered couple linked to Delphi case reveals paranoia, Serena Williams stepmom's debts continue to spiral amid crumbling home battle, Alex Murdaugh looks unrecognizable in new mugshot hours after sentencing, 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP. Robertsons sister, for the record, doesnt think that Cotten had fabricated his relationship with Jennifer. https://bit.ly/3cAIH4j Newest Vid's https:. November 28, 2022 by Nurudeen. The company's CEO and founder, Gerald William Cotten, allegedly died in 2018 after traveling to India. He first encountered Bitcoin in Vancouver, British . The company raised C$850,000 but cancelled plans to list on the exchange in early 2016. The investors found more questions than answers. He convinced tons of investors to fork over their money so he could invest it into Crypto. Was Patryn, whom employees described as a macho, terrifying character, calling the shots, not Cotten? My sisters not a liar.. Gerald Cotten had an estimated net worth of $80 million at the time of his death. When Quadriga CEO Gerald Cotten died suddenly in 2018, the passcodes for his cryptocurrency exchange died with him. Overcast with rain showers at times. The estate includes an airplane, a sailboat, a 2017 Lexus, and real estate in Nova Scotia and Kelowna, British Columbia. And not even. No one but him can access accounts, he ran a whole market on a laptop by himself with no other employees or partners anymore so only he could access it and he suddenly dies when he would be in massive debt for delayed payments and would likely be convicted for fraud or money laundering. "At that point, we were desperate to recover funds and we were also convinced that a scam was underway," said QCX-INT, an individual who uncovered online documentation of Mr Cottens history of fraudulent behaviour, speaking anonymously to the CBC this year. Criminal probes continue by the Royal Canadian Mounted Police and the FBI as leading digital investing publication Coindesk branded his death as the "crypto's biggest mystery". Was the CEOknown for his luxurious lifestyle, which included jets, supercars and vacationsmurdered by a mob debt collector or a jealous lover? His will was signed off just two weeks before he and wife Jennifer Robertson travelled to India on their honeymoon. Then Gerald Cotten suddenly died, in December of 2018, from complications with Crohn's disease. The tech whiz however didn't even need to do it - being an early believer in crypto, he likely would have got rich without the need to scam people. , initially diagnosed Cotten with little more than travelers diahrrea, but kept him in hospital just in case. He and his wife, Jennifer Robertson, jetted all over the world on private planes, visiting chic locales in Paris, Hawaii, and Morocco.
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