How to Disappear with $215,000,000
Canada’s largest crypto exchange declared bankrupt after C$215 million of client funds missing & the ‘sudden death’ of the CEO.
In 2019, one of the largest crypto frauds took place resulting in the bankruptcy of Canada’s largest cryptocurrency exchange and the loss of over C$215 million in client funds.
This true-life story of one young man who over a period of a few short years was able to build one of Canada’s largest cryptocurrency exchanges and then ‘suddenly died’ with almost a quarter-billion dollars of his client's funds missing.
This is the story of Gerald Cotten, the former CEO of QuadrigaCX
Enter: Gerald Cotten, former CEO of QuadrigaCX
Gerald Cotten (born 11 May 1988) was a founder of what was at the time, Canada’s largest cryptocurrency exchange — QuadrigaCX.
Co-founded in November 2013 with his partner Michael Patryn and located in Vancouver, British Columbia QuadrigaCX grew over the next 6 years to become the largest cryptocurrency exchange in Canada.
