Investors say they want to dig up some dirt on Gerald Cotten — literally.
They want his corpse exhumed so they can confirm the crypto currency magnate’s death.
Cotten “held the virtual keys to a whopping $137 million in online currency kept in “digital wallets,” when he died suddenly last year of complications of Crohn’s Disease, according to the BBC.
“The QuadrigaCX founder was the sole person with passwords to the wallets — and only $25 million of the funds have been recovered. The company had 115,000 customers,” the New York Post reported. “Rumors have been swirling online that Cotten faked his own death and ran off with the funds after an investigation by Ernt & Young alleged Cotten had created Quadriga accounts under different names, and that “substantial funds” were transferred to him. That has prompted lawyers for some QuadrigaCX customers to request exhumation of Cotten’s remains, and an autopy on the corpse “to confirm both its identity and the cause of death,” claiming new information “further highlight(s) the need for certainty around the question of whether Mr. Cotten is in fact deceased.”
Cotten “made headlines in late 2018 when it was announced that he had passed away due to complications from Crohn’s disease while performing charitable work in India,” reported livebitcoinnews.com. “What was so important about his passing was that Cotten was the only person working at Quadriga to allegedly possess the private keys that could permit access to users’ exchange funds.”
Now that Cotten is presumably gone, “nobody possessed the means to allow customers to withdraw funds. Naturally, this didn’t sit well with several of the investors, and many grouped together to harass the executive’s widow to see if there was anything that she could do to potentially release their funds. Sadly, this effort proved fruitless, and many turned to legal action as a way of getting their money back,” livebitcoinnews.com added.
The web site heavy.com has reported that “Online conspiracy theories have alleged that Gerald Cotten might have faked his own death and taken the money. Ernst & Young “alleged Cotten had created Quadriga accounts under different names,” and received “Substantial funds,” according to The New York Post.
“That’s the context behind the request to exhume his remains to prove its him, an action sought by QuadrigaCX customers, the Post reported, adding that they want “to confirm both its identity and the cause of death,” claiming the questions about money transfers “further highlight(s) the need for certainty around the question of whether Mr. Cotten is in fact deceased,” the site added