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The $250 Million Mystery: What Happened to QuadrigaCX?
Do you remember this guy
In 2018, QuadrigaCX was known as Canada’s biggest and most trusted crypto exchange.
Thousands of people put their hard-earned money into it.
They believed their Bitcoin, Ethereum, and other assets were safe.
But everything changed in December 2018.
The young founder, Gerald Cotten, traveled to India with his wife.
Just days after arriving, Cotten suddenly died under strange circumstances.
Doctors claimed it was Crohn’s disease.
He was only 30 years old.
The shock was huge — but it was just the beginning.
After Cotten’s death, the exchange announced it could not access almost $250 million USD in customer funds.
Why?
Because Gerald Cotten was the only person who knew the passwords to the wallets.
No backups.
No second-in-command.
Just one man holding the keys to a fortune.
When cybersecurity experts tried to hack into his laptop, they found something even worse.
The crypto wallets were almost completely empty.
Most of the coins had already been moved months before Cotten’s death.
This created a flood of questions.
Was Cotten really dead?
Or had he faked his death and escaped with the money?
Some say he created fake identities.
Some believe he had plastic surgery and lives somewhere in luxury today.
His body was never independently verified by Canadian authorities.
No postmortem in Canada.
Just a death certificate from India.
The theories only grew wilder.
Investigations later found that Cotten had been moving customer funds into his personal accounts for years.
He was gambling customer money on other exchanges and losing millions.
Yet, no one noticed — until it was too late.
Today, QuadrigaCX is nothing but a memory.
Thousands of victims still wait for justice.
And the missing $250 million remains one of the biggest unsolved mysteries in crypto history.
Moral of the story:
In the world of crypto, your money can disappear with just one bad decision.
Always stay cautious.
Because sometimes, even the most trusted faces are hiding dark secrets.
#Binance
#StaySafe #CryptoScams #StaySafe #CryptoScams #Qua
drigaCX #CryptoMystery #WriteToEarn #BinanceSquare
In 2018, QuadrigaCX was known as Canada’s biggest and most trusted crypto exchange.
Thousands of people put their hard-earned money into it.
They believed their Bitcoin, Ethereum, and other assets were safe.
But everything changed in December 2018.
The young founder, Gerald Cotten, traveled to India with his wife.
Just days after arriving, Cotten suddenly died under strange circumstances.
Doctors claimed it was Crohn’s disease.
He was only 30 years old.
The shock was huge — but it was just the beginning.
After Cotten’s death, the exchange announced it could not access almost $250 million USD in customer funds.
Why?
Because Gerald Cotten was the only person who knew the passwords to the wallets.
No backups.
No second-in-command.
Just one man holding the keys to a fortune.
When cybersecurity experts tried to hack into his laptop, they found something even worse.
The crypto wallets were almost completely empty.
Most of the coins had already been moved months before Cotten’s death.
This created a flood of questions.
Was Cotten really dead?
Or had he faked his death and escaped with the money?
Some say he created fake identities.
Some believe he had plastic surgery and lives somewhere in luxury today.
His body was never independently verified by Canadian authorities.
No postmortem in Canada.
Just a death certificate from India.
The theories only grew wilder.
Investigations later found that Cotten had been moving customer funds into his personal accounts for years.
He was gambling customer money on other exchanges and losing millions.
Yet, no one noticed — until it was too late.
Today, QuadrigaCX is nothing but a memory.
Thousands of victims still wait for justice.
And the missing $250 million remains one of the biggest unsolved mysteries in crypto history.
Moral of the story:
In the world of crypto, your money can disappear with just one bad decision.
Always stay cautious.
Because sometimes, even the most trusted faces are hiding dark secrets.
#Binance
#StaySafe #CryptoScams #StaySafe #CryptoScams #Qua
drigaCX #CryptoMystery #WriteToEarn #BinanceSquare
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