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

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

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

QuadrigaCX, the Canadian crypto exchange, fell into a quagmire after the death of its CEO Gerald Cotten which left $215 million user funds trapped in his laptop.

However, according to a death certificate published by the Government of Rajasthan's Directorate of Economics and Statistics, Cotten passed away in Jaipur, India, on December 9.

Highlighting the risks in the poorly-regulated cryptocurrency market, the death of entrepreneur Gerald Cotten in India who was the owner of Canada's biggest cryptocurrency exchange Quadriga has left thousands of his investors in a quandary.

In what is the latest twist in the ongoing QuadrigaCX saga, there is some more bad news for users of the Canadian exchange, as the British Colombia Securities Commission (BCSC) said on Thursday that the exchange does not fall under its purview, which means that users are not entitled to any kind of investigative or compensatory action by the regulator.

Canadian broadcaster CBC has also reported that the court appointed a lawyer to take custody of the encrypted laptop said to have been used by the exchange's founder and CEO Gerald Cotten. Cotten, who essentially operated the exchange from his laptop computer, resided near Halifax, Nova Scotia.

"Cotten signed his will on Nov 27, 2018 - less than two weeks before he died at a private hospital in Jaipur". She was granted the right to administer his estate as executor on January 2.

The will specifically states that Ms Robertson was authorised to access his digital assets and "obtain, access, modify, delete and control (his) passwords and other electronic credentials".

On Tuesday, a judge ordered a 30-day stay on claims against the firm, providing a temporary reprieve from lawsuits from creditors. "I do not know the password or recovery key", CoinDesk quoted her as saying in an affidavit.

Two separate documents released previously - a statement of death issued from J.A. Snow Funeral Home and a death certificate issued from the Government of Rajasthan's Directorate of Economics and Statistics - also state that Cotten died on December 9, 2018 in Jaipur, the state capital of Rajasthan.

In her affidavit, Ms Robertson says she has been subjected to online threats, slanderous comments and speculation about Mr Cotten's death, "including whether he is really dead". At the time of admission, Cotten was diagnosed to be suffering from septic shock and other serious issues relating to his exacerbated condition.

The company filed for creditor protection in the Nova Scotia Supreme Court on Thursday.

According to Fortis Escorts Hospital, Cotten succumbed to a heart attack on December 9 previous year. He was also feeling feverish when he came to the hospital, sources said.

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