QuadrigaCX
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anchored·5UF2s6…UiX1Summary
QuadrigaCX was a Canadian cryptocurrency exchange founded in 2013 that collapsed in early 2019 following the death of its CEO Gerald Cotten in India in December 2018. The Ontario Securities Commission concluded in June 2020 that the exchange had operated as a fraud and Ponzi scheme, with Cotten using fictitious balances and customer funds for personal enrichment, causing losses of at least C$169 million across approximately 76,000 affected users.
Connected Entities
1 entities- + 7 more
Timeline(17 events)
November 2013
QuadrigaCX founded in Vancouver, British Columbia by Gerald Cotten and Michael Patryn
Wikipedia / Quadriga Fintech SolutionsApril 2018
Ernst and Young later determines that all six QuadrigaCX cold wallets were emptied by approximately this date, eight months before the exchange's collapse
Bitcoin News / EY trustee reports27 November 2018
Gerald Cotten signs a new will leaving all assets to wife Jennifer Robertson, twelve days before his death
NewsBTC8 December 2018
Gerald Cotten admitted to Fortis Escorts Hospital in Jaipur, India in septic shock
CoinDesk9 December 2018
Gerald Cotten dies at Fortis Escorts Hospital in Jaipur, India; cause recorded as cardiac arrest/septic shock
CoinDesk / CBC News14 January 2019
QuadrigaCX publicly announces inability to access cold wallets and discloses C$190 million shortfall; suspends operations
Global News5 February 2019
QuadrigaCX files for creditor protection under CCAA in Nova Scotia Supreme Court; Ernst and Young appointed monitor
Bitcoin Magazine8 April 2019
Ernst and Young appointed Trustee in Bankruptcy by the Nova Scotia Supreme Court
Norton Rose Fulbright10 September 2019
Quadriga case transferred to Ontario Superior Court of Justice (Commercial List)
Norton Rose FulbrightOctober 2019
Jennifer Robertson reaches settlement with bankruptcy trustee, surrendering approximately C$12 million in assets
CBC News13 December 2019
Lawyers for QuadrigaCX customers formally request RCMP exhume Gerald Cotten's remains to verify identity and cause of death
CBC News11 June 2020
Ontario Securities Commission publishes investigative report concluding QuadrigaCX was a fraud and Ponzi scheme operated by Gerald Cotten
OSC Official Announcement27 January 2022
QuadrigaCX co-founder Michael Patryn identified as '0xSifu,' pseudonymous treasury manager of DeFi protocol Wonderland, prompting that protocol's collapse
Amy Castor / David Gerard30 March 2022
Netflix releases documentary 'Trust No One: The Hunt for the Crypto King' about the QuadrigaCX collapse
WikipediaMarch 2023
Bankruptcy trustee declares first interim dividend to creditors at approximately C$0.13 per dollar of claim value
Wikipedia / Quadriga Fintech Solutions28 March 2024
British Columbia files unexplained wealth order against QuadrigaCX co-founder Michael Patryn, targeting approximately C$1 million in cash, gold, and luxury assets
CoinDesk / CBC News8 December 2025
British Columbia wins default judgment forfeiting Michael Patryn's seized cash and gold after Patryn declined to contest the action
CoinDeskDecision Log
- hash: 6pdJj6Y4AKXv9uWcfznLsY4fPPzrygSM1Gafu1nNwyNm
- hash: 6WjEJSm8mh16whrf9o6BsM6b2MgR2Tsnki2Lxxue9S8k
- hash: GvpSPZPdNA3FmC4RSkBFzeuJpMDaWh2jxKiB78uXnRKN
This investigation is cryptographically anchored to the Solana blockchain (3 events). 24 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/8/2026, 2:30:50 AM
last updated: 7/26/2026, 1:41:57 PM
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