The Quadriga Lawyers who represent the users of bankrupt crypto exchange now ask from the Canadian authorities to exhume the founder’s body so we are reading more about it in the upcoming blockchain news.
The Quadriga Lawyers say that they want an exhumation because there are ‘’questionable circumstances’’ that surround his death. Gerald Cotton suddenly died last year in India from complications related to Crohn’s disease and after his death, and the exchange was unable to locate or secure the significant crypto reserves. After he died, the 30-year old founder was the only one who had the passwords to the digital wallets that contained $180 million in crypto.
His death forced the closure of QuadrigaCX which had about 115,000 users at the time. The online rumors have circulated since speculating that Cotten faked his death and wanted to take all of the funds but there was no evidence of such a scheme has been revealed in the same year when he died. Back on Friday, the legal team represents the users of the platform in the bankruptcy proceedings sent a letter to the Royal Canadian Mounted Police and they demand and exhumation and post-mortem autopsy which was performed on his body ‘’to confirm both its identity and the cause of death.’’
They explained that the information revealed during the proceedings ‘’further highlight the need for certainty around the question of Whether Mr. Cotten is in fact deceased.’’ At the start of this year, a report by the auditor Ernst and Young found major problems in how the exchange was managed including the fact that Cotten created a few accounts on the platform under fake names that have been used to trade on the exchange. It was also found that the funds were transferred to Cotten personally and to other parties as well.
The auditor managed to get back about $33 million Canadian dollars in missing funds. It also confirmed in August that it was aware of the ‘’four independent active law enforcement or regulatory reviews in progress’’ which were related to the demise of the platform which includes the US Federal Bureau of Investigation.
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