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QuadrigaCX: Bitcoin exchange compensated verprellte users

users of the former canadian Bitcoin exchange QuadrigaCX to be compensated. This is the widow of the former operator Gerald Cotten announced. By Phillip Horch

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QuadrigaCX: Bitcoin exchange compensated verprellte users

users of the former canadian Bitcoin exchange QuadrigaCX to be compensated. This is the widow of the former operator Gerald Cotten announced.

By Phillip Horch
9. October 2019 BTC$8.349,30 -2.19% part Facebook Twitter LinkedIn xing mail

the widow of The late business leader of the former canadian Bitcoin exchange QuadrigaCX has announced to compensate verprellte users. As the canadian broadcasting company, CBC reported, Jennifer Robertson announced that the legacies of her late husband, Gerald "Gerry" Cotten, as well as "a majority" of their own Assets to former users of to meet.

So Robertson made by their lawyers:

I had no direct knowledge about how Gerry has his company before his death and operated, and I was not about to be an inappropriate approach to be aware of. Most of all, I didn't know anything about its Trading activities or its development of user funds. I agree, QCX Assets return, which I thought that they come from Gerry's legitimate [revenue]. I was sad and disappointed by Gerry's activities [...].

Overall, it is the sum of 214,6 million canadian dollars, distributed on 76.319 users, which are considered to be lost. The affected Bitcoin exchange was passed in January 2019 suddenly offline because the operator was surprisingly died during a trip to India. In his early grave, he took the Private Keys for the Cold Storage of the stock market – so the access to all of the introduced customer-outsourced funds.

In the course of the subsequent investigation, it turned out, however, that the affected Wallets were empty and Cotten had apparently driven fast and loose with customer funds.

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he had been using the cover name of capital of customers to their own accounts, to start trading on other exchanges. Apparently with little success – the Trades should have a negative balance had, as CBC reported.

Nevertheless, Cotten invested generously in real estate. To his wife he inherited land in the total value of 7.5 million canadian dollars.

QuadrigaCX: Controversial Bitcoin exchange from Canada

Aside from these missteps of the former operator, grew up in the Community, rumours of his death. So there were suspicions, indicating that Cotten could have fakes his death. The lost customer deposits, and the mysterious circumstances of his death led ultimately to the US Federal police FBI intervened in the matter.

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