A week after QuadrigaCX CEO Gerald Cotten and Jennifer Robertson arrived in India for their honeymoon on November 30, 2018, Cotten, who suffered from Crohn’s disease, reportedly died. A month later, on January 14, 2019, his death was publicly revealed. Since that time, Cotten’s widow and the exchange have been caught up in scandal, legal drama, audits, allegations, mystery and doubt.
The exchange says Cotten, who worked on his laptop, was the only person who had access to Quadriga’s cryptocurrency. Following his death, roughly $145 million in cryptocurrencies is still missing.
Robertson has issued a new statement, dated March 13th, revealing that law firm Stewart McKelvey no longer represents QuadrigaCX. Robertson also confirms that her husband’s death was “sudden and unexpected” amidst conspiracy theories that Cotten is still alive and that his death was a ruse to escape financial troubles.
Robertson says Cotten used his own personal funds to keep the exchange afloat. As for her own actions, Robertson insists that she has been doing her very best to recover the lost crypto.
“I took direction and advice from its main contractors, and its then lawyer, utilized my own funds to keep it afloat, agreed to and paid for an experienced investigator to try and recover its assets, and then initiated the [Companies’ Creditors Arrangement Act] process which led to [Ernst & Young’s] appointment as Monitor.
Since the appointment of EY as Monitor, I have tried to be responsive, helpful and cooperative with the Monitor in the operation of the QCX business and the search for its cryptocurrency and other assets. As this matter progresses, my intention is to continue to support the process and to ensure a fair and equitable resolution is obtained.”
A report by Decrypt establishes the unraveling of QuadrigaCX’s financial troubles in part to funds that were frozen in 2018.