Quadriga CX is a Canadian cryptocurrency exchange platform, last year, Gerald Cotton the CEO and co-founder of Quadriga died of complications from Crohn’s disease. Quadriga was one of the largest cryptocurrency exchanges in Canada, and following the CEO’s untimely death almost $145 million were left frozen in his account. Cotten’s death created a dilemma and left almost 100,000 users stranded. Now the lawyers who represent the users of that platform are requesting the Canadian authorities to exhume and examine the body of Quadriga’s late founder.
Due to questionable circumstances revolving around Cotten’s death, Miller Thompson LLP wrote a letter of request to Royal Canadian Mounted Police for exhumation and post mortem of Cotten’s body. To protect the users from hackers, most of the digital currencies of Quadriga are stored offline in offline accounts called cold wallets. It was one of the ways to protect the currencies from hackers and Cotten was the only person who had access to those wallets. A report was released in June highlighting the problems found in ways the company was managed and the letter sent to the Royal Canadian Mounted Police questions the certainty around Cotten’s decease.