There is a storm brewing in the cryptocurrency community at the moment. As readers would be aware, recently the news about the death of the Chief Executive Officer (CEO) Gerald Cotten of the Canadian cryptocurrency exchange QuadrigaCX, has kicked up a storm that refuses to die down.
Many people, including Kraken’s CEO Jesse Powell refused to believe that the man’s death was for real. However, now it emerges that the man did die and he died in India, as per news portal CoinDesk.
The news portal reported that the death certificate was issued by the Government of Rajasthan, India, Directorate of Economics and Statistics indicates that Cotten died on Dec. 9 – the same date given in a Dec. 12 statement of death from a Halifax funeral home filed in the Nova Scotia court by his wife, Jennifer Robertson.
As earlier reported by Crypto-News India, the matter has now reached the court, in which Cotten’s widow Jennifer Robertson in an affidavit said that a significant part of the cryptocurrency balance is held in cold storage wallet and deceased Cotten was the sole holder of access to the coins.
As per the affidavit, cold storage wallet holds around 26,000 Bitcoins, 11,000 Bitcoin Cash, 11,000 Bitcoin SV, 35,000 Bitcoin Gold, around 400,000 Ether and around 200,000 Litecoin.
Robertson in the affidavit written: “The laptop computer from which Gerry carried out the Companies’ business is encrypted and I do not know the password or recovery key. Despite repeated and diligent searches, I have not been able to find them written down anywhere.”
Soon after the news about the CEO’s death broke, a Change.org petition had asked Kraken’s CEO to take over the exchange and release the frozen funds. The petition had read, “Jesse Powell the CEO of Kraken, another leading cryptocurrency exchange in canada has been vocal on Twitter about how Quadriga mismanaged users funds and feels the story of the CEO’s death is not believable. This is a petition to Jesse Powell and Kraken to buy out Quadriga, honor it’s users funds and to take over control of the Quadriga exchange.”
While there were a lot of skeptics who didn’t buy into the dead man theory, maybe this will quell the rumours.
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