RATE Group | QuadrigaCX founder’s widow to help pay back clients of defunct digital currency
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QuadrigaCX founder’s widow to help pay back clients of defunct digital currency

07 Oct QuadrigaCX founder’s widow to help pay back clients of defunct digital currency

Posted at 21:36h in Cryptocurrency News by

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The widow of QuadrigaCX founder Gerald (Gerry) Cotten has agreed to surrender the contents of his estate and the “vast majority” of her own assets to pay back Quadriga’s jilted clients.

The online cryptocurrency exchange collapsed in January 2019 after Gerald Cotten died suddenly in December from complications of Crohn’s disease on his honeymoon trip to India.

A total of 76,319 unsecured creditors — virtually all of them QuadrigaCX clients — have come forward to claim they are owed $214.6 million.

“I had no direct knowledge of how Gerry operated the business prior to his death, and was not aware of his improper actions … Specifically, I was not aware of nor participated in Gerry’s trading activities, nor his appropriation of the Affected User’s funds,” Jennifer Robertson wrote in a statement released Monday by her lawyer.

CBC News used property records to identify $7.5 million in Nova Scotia real estate Robertson inherited from Cotten when he died.

QuadrigaCX referred…

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