Indian Hospital Releases Details About QuadrigaCX CEO’s Death

Indian Hospital Releases Details About QuadrigaCX CEO’s Death

However, according to reports, the BCSC did not know about QuadrigaCX until 2017.

Cotten who died in a Jaipur hospital in December has plunged Quadriga into crisis and left it struggling to figure out how to refund more than 100,000 of its users as only he had access to $145 million of bitcoin and other digital assets. Another report states that the Canadian cryptocurrency exchange is also not regulated (as it claims) by the British Columbia Securities Commission (BCSC).

The circumstances surrounding Mr Cotten's death - and the way he conducted his business from the couple's home in Fall River, Nova Scotia - has led to a flurry of speculation and allegations in internet chat rooms, The Canadian Press reported.

"We are now working with IIROC to develop an appropriate regulatory framework for platforms trading crypto-assets that are securities/derivatives", CSA told Yahoo Finance Canada. Cotten died on a trip to India, and his wife claimed that all of the passwords needed to access the exchange and the cold wallets where funds are stored were unknown to her.

Two separate documents released previously - a statement of death issued from J.A. Snow Funeral Home and a death certificate issued from the Government of Rajasthan's Directorate of Economics and Statistics - also state that Cotten died on December 9, 2018 in Jaipur, the state capital of Rajasthan.

Canadian Securities Administrators are urging Canadians to be cautious about investing in trading platforms through its awareness campaign.

QuadrigaCX has applied for creditor protection in the Nova Scotia Supreme Court.

One of the top Reddit threads within the QuadrigaCX community is about whether somebody is "interested in getting someone on the ground in India to investigate Gerry's death". However, the Government of Rajasthan's Directorate of Economics and Statistics produced a death certificate, verifying that Cotten had passed away on December 9.

Fortis Escorts hospital in Jaipur issued a statement on Thursday confirming that Mr Cotten was admitted on December 8, 2018, and that he died from a cardiac arrest the next night. He was complaining of vomiting, watery stools and crampy abdominal pain. The patient had a history of Crohn's disease and was on monoclonal antibody therapy. He was also feeling feverish when he came to the hospital, sources said.

The next day after being declared dead, police in Jaipur handed Robertson a no objection certificate - a document allowing the collection and transportation of a body - allowing her to fly Cotton's body to Nova Scotia, Canada. But new findings suggest that QuadrigaCX did not have a Bitcoin and Ethereum cold wallet.

Back in October, the exchange was caught in another legal dispute with the Canadian Imperial Bank of Commerce [CIBC], which it accused of withholding and preventing access of funds worth $21.6 million.

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