Gerald Cotten – DIGIT INFO

Quadrigacx Co-Founder Compelled to Account for 45-Bar Gold Stash

DIGIT — Sat, 30 Mar 2024 00:39:32 +0000

Michael Patryn, co-founder of the now-defunct Quadrigacx cryptocurrency exchange, has been compelled by Canadian officers to explain the origin of his wealth. Patryn must explain how he acquired a stash of 45 gold bars, more than $180,000 in cash, and a jewelry set with a diamond-studded Rolex watch. Quadrigacx Cofounder Must Explain 45 Gold Bar […]

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Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions

DIGIT — Tue, 14 Feb 2023 09:30:27 +0000

According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated with regulated financial […]

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$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’

DIGIT — Wed, 21 Dec 2022 19:00:33 +0000

On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, ‘big four’ accountancy firm EY, Quadrigacx’s bankruptcy court trustee, explained it did not authorize the spending of the funds and that prior reports detailed that the cold wallets were inaccessible […]

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$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy

DIGIT — Tue, 20 Dec 2022 01:23:45 +0000

The wallets were thought to be inaccessible following the death of the exchange’s founder in 2018, as he had sole responsibility for the wallet’s private keys.

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Netflix to release documentary about QuadrigaCX CEO’s mysterious life and death

DIGIT — Thu, 23 Sep 2021 16:30:00 +0000

Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed.

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Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead

DIGIT — Sat, 07 Nov 2020 08:30:52 +0000

The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm mandated with administering Quadriga’s liquidation process, says it will not […]

The post Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead appeared first on Bitcoin News.

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QuadrigaCX trustee only has $30M to pay $171M worth of claims

DIGIT — Fri, 06 Nov 2020 05:45:14 +0000

The trustee for the collapsed Canadian crypto exchange QuadrigaCX, has received $171 million in claims from the exchange’s customers.

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Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx

DIGIT — Fri, 12 Jun 2020 17:20:30 +0000

The Ontario Securities Commission (OSC) has completed its investigation of what happened to the defunct cryptocurrency exchange Quadrigacx which owes over 76,000 clients a combined $215 million in assets. Supposedly deceased, its founder Gerald Cotten was found to have committed a series of fraud, the regulator details. Quadrigacx Fraud: Exchange Owes 76,000+ Clients $215 Million […]

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17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange

DIGIT — Wed, 13 May 2020 18:03:26 +0000

About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed monitor, the bulk of the claims submitted stem from bitcoin (BTC) deposits that […]

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Darknet ICO, Bitmain Infighting, Calls for Cotten to Be Exhumed: Hodler’s Digest, Dec. 9–15

DIGIT — Sun, 15 Dec 2019 20:49:41 +0000

In this week’s Hodler’s Digest, bitter infighting at Bitmain, Libra’s white paper quietly updated, and the $146 million ICO that’s almost certainly illegal

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