🪙 QuadrigaCX Mystery: $190M Lost with the CEO’s Death
In early 2019, Canadian crypto exchange QuadrigaCX collapsed after its CEO, Gerald Cotten, reportedly died in India — taking with him the only access to wallets holding over $190 million worth of user funds.
🧳 Cotten allegedly passed away suddenly due to Crohn’s disease, but no one else knew the private keys to the cold wallets. Investigators later found that many of the wallets were empty long before his death.
🕵️♂️ This led to widespread theories:
• Did Cotten fake his death?
• Was it an exit scam?
• Or just gross mismanagement?
⚖️ A multi-year investigation followed, but no conclusive answers ever emerged. Thousands of users never recovered their funds.
💡 The QuadrigaCX saga remains one of crypto’s biggest mysteries — and a powerful reminder: Not your keys, not your coins.
🏷️ #QuadrigaCX
