At the commencement of February , it was report that the CEO of cryptocurrency exchange QuadrigaCX , Gerald Cotten , die in India in December . The word was widely describe on for one particular understanding , he was the only person to have the passphrase to the practical currency holdings of 115,000 customer , compare to an expected total of $ 137 million in cryptocurrency .
mightily after the news was announced , many began to speculate that he might have faked his own death . And the latest data will plausibly add to this idea . Cotten ’s demise led to the closure of QuadrigaCX , which auditor E&Y was put in explosive charge of . The research worker pull off to access Cotten ’s laptop , but the digital billfold that should have held the cryptocurrency were empty .
Ina reportsubmitted to the Supreme Court of Nova Scotia , the squad from E&Y said they had no idea what happen to the bitcoin . They also found grounds that Cotten had 14 other exploiter account , create in temporary shipway , to trade on the company ’s telephone exchange . At this time it is unknown whether any of the money passed through them .
Cotten died on December 9 in Jaipur , India , where he was opening an orphanage , due to complicatedness from Crohn ’s disease . At least this is what QuadrigaCX said in a program line on Facebook on January 14 . The experimental condition is painful and life - changing but it is rarely disastrous .
Fortis Escorts , a private hospital in Jaipur , has free details ofCotten ’s deathstating that he suffered from infected daze and other serious issues relating to his condition . He suffered two cardiac arrests , the bit of which was fatal .
citizenry who have been hunt down for more details on the story persist unconvinced by the current info , with Redditors askingthe funeral homefor more details about Cotten ’s death . On top of all that , it transpired that Cotten filed a will just 12 Day before he died . And there seems to be no record of where the company salt away its plus .
“ The death came at a very odd time in the chronicle of that company , ” Emin Gün Sirer , a professor at Cornell University and co - manager of the Initiative for CryptoCurrencies and Contracts , toldThe New York Times .
Many are calling for cryptocurrency exchanges to be regulated , but given that the pursuit in crypto - Johnny Cash is due to its unregulated nature , it ’s unlikely this will come about .
[ H / T : BBC News ]
