QuadrigaCX creditors request proof of the exchange CEO's death

Some QuadrigaCX users affected by the exchange's sudden shutdown are now asking the police to confirm that the CEO is indeed dead. 


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In a letter submitted to the Royal Candian Mounted Police, the law firm representing QuadrigaCX creditors asked the law enforcement agency to conduct an exhumation and post-mortem autopsy on the body of Gerald Cotton, "given the questionable circumstances surrounding Mr. Cotton's death and the significant losses of Affected users," the letter stated. 

Once among Canada's largest cryptocurrency exchanges, QuadrigaCX abruptly shut down in early 2019 after Cotton died unexpectedly in Dec. 2018. Since Cotton was the only person who had the private key to access the firm's digital wallets, around C$260 million went missing following his death. An EY report published in May said the firm owes creditors $160 million. 

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Celia joined The Block as a reporter after earning her BA in the History of Science from the University of Chicago. Having spent years pondering over why 2+2 cannot equal 5, she is interested in the history and philosophy of mathematics, computation, and cryptography. She also had a very brief stint at Crunchbase News.