Gerald Cotten was a Founder of QuadrigaCX.
Before his death made headlines worldwide, Gerald Cotten had just been a 30-year-old guy working in digital finance. And when Cotten, the founder of QuadrigaCX, which now owes more than $260 million in cash and cryptocurrency to thousands of people, first turned his focus to Bitcoin, he found there weren’t many ways to buy the cryptocurrency in Canada.
“If you recall, back in the summer of 2013, there really weren’t many options here in Canada for people to buy and sell bitcoins,” Cotten said during a 2015 interview on Decentral Talk Live, an online show about cryptocurrency. A clip of the interview still exists on YouTube.
“There was one exchange that was pretty much leading the pack,” Cotten said. “And then, other than that, you pretty much had to send a wire over to Japan, if you wanted to buy Bitcoin.”
QuadrigaCX
May 11th, 1988
Canadian
York University’s Schulich School of Business, Toronto, Bachelor of Business Administration - 2010
RIP
QuadrigaCX - Founder, CEO - 2013-2018
The storyline is said to emphasize “a group of investors who turned curious” and will focus on defining major events of Gerald Cotten’s life in a compelling narrative.
According to EY’s filing, the company is planning to convert all recovered assets into Canadian dollars. It is also going to allocate funds to Quadriga’s customers depending on cryptocurrency prices from 2019.
Canadian law firm Miller Thomson has hired consultancy firm Kroll that in partnership with Coinfirm will perform blockchain analytics work related to the ongoing dissolution of QuadrigaCX.
Argo Partners indicated its interest to purchase QuadrigaCX creditors’ claims.
The Royal Bank of Canada (RBC), the country’s biggest bank with over $900 billion in total assets, is reportedly looking to launch its own crypto exchange.