Lawyers representing users of the collapsed Quadriga CX cryptocurrency exchange platform are requesting that Canadian authorities exhume and examine the body of its late founder, Gerald Cotten, to check if the person buried there is really him.
Cotten, co-founder and CEO of Quadriga, died of complications in December 2018 arising from Crohn's Disease while traveling in India, the company said on Facebook. At the time, Quadriga -- once Canada's biggest cryptocurrency exchange -- said it was unable to gain access to his digital assets. At least $145 million were left frozen in Cotten's account.
Cotten's death plunged Quadriga into crisis and left it struggling to figure out how to refund more than 100,000 users of the currency. In April, Quadriga announced that the Supreme Court of Nova Scotia had issued a Termination and Bankruptcy Assignment Order outlining the process by which the Quadriga CCAA proceed ings would be converted to bankruptcy proceedings.
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