Gerald Cotten Dies with £110m, Refuse To Share Password With His Wife Until His Death


Canada's leading cryptocurrency exchange company has said it cannot repay $190m (£110m) to clients because its founder died with their passwords.

QuadrigaCX's founder Gerald Cotten, 30, died "due to complications with Crohn's disease" while travelling in India to open an orphanage in December, his wife Jennifer Robertson (his wife) said.


Mr Cotten held "sole responsibility for handling the funds and coins" and no other members of the team could access the stored funds, she said in a sworn affidavit as she filed for credit protection on 31 January.

Ms Robertson said about $190m (£110m) in both cryptocurrency and normal money is in "cold storage" - where the company, or just Mr Cotten in this case, holds the key, not the client.


Gerald Cotten, 30, was the only person with passwords to access customers' money - and his wife is now receiving threats.

Ms Robertson added in the affidavit that she and her colleagues have had threats made against them from online cryptocurrency communities.
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