In 2018, Gerald Cotten, the CEO of Canadian crypto exchange QuadrigaCX, suddenly died while on a trip to India. Sounds normal, right?
But here’s the twist — he was the only one who had the passwords to the wallets holding over $250 million in user funds. After his death, all the money was gone.
No backups. No team access. Just one man holding millions in Bitcoin and other cryptos.
Later, investigators found out he was running a Ponzi scheme — using new deposits to pay off old users. Some people think he faked his death and ran away with the money.
No one really knows the truth.
All that’s left is a death certificate, missing funds, and a whole lot of questions.
This might be the biggest crypto scam ever.