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{"actor":"system:backfill","investigation_id":"9a281837-9fb3-41f5-a6b6-380b20816e6c","kind":"publish","page_slug":"quadrigacx-gerald-cotten","published_at":"2026-06-01T17:48:51.932Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"QuadrigaCX / Gerald Cotten","sections":[{"content":"QuadrigaCX (operated by Quadriga Fintech Solutions Corp.) was founded in November 2013 in Vancouver, British Columbia by Gerald William Cotten and Michael Patryn. The exchange grew to become Canada's largest cryptocurrency trading platform by volume. By 2017, C$1.2 billion worth of assets were exchanged through the platform annually. Cotten served as sole CEO, director, and technical operator, while Patryn stepped back from public involvement relatively early. The exchange was not registered with Canadian securities regulators and operated without external financial oversight for most of its existence.","heading":"Background and Founding","severity":"medium","sources":[{"credibility":2,"name":"Quadriga (company) — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Quadriga_(company)"},{"credibility":1,"name":"QuadrigaCX: A Review by Staff of the Ontario Securities Commission","type":"regulatory","url":"https://www.osc.ca/quadrigacxreport/"}]},{"content":"Co-founder Michael Patryn was identified by The Globe and Mail as Omar Dhanani, a convicted criminal who had served 18 months in a U.S. federal prison for identity theft and fraud-related offenses. As a teenager, Dhanani was allegedly involved in online Ponzi schemes on the forum TalkGold, alongside a person using the handle 'Sceptre' — later identified as Cotten himself. Dhanani pleaded guilty in 2005 to conspiracy to commit credit and bank card fraud, and again in 2007 to burglary, grand larceny, and computer fraud. He changed his name from Omar Dhanani to Omar Patryn in 2003 and to Michael Patryn in 2008. In January 2022, Patryn resurfaced as '0xSifu,' the treasury manager of the DeFi protocol Wonderland, prompting that project's collapse after his identity was publicly revealed.","heading":"Co-Founder Criminal History: Michael Patryn / Omar Dhanani","severity":"high","sources":[{"credibility":2,"name":"QuadrigaCX Co-Founder Michael Patryn Is Actually Convicted Criminal Omar Dhanani — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/quadrigacx-co-founder-michael-patryn-is-actually-convicted-criminal-omar-dhanani-report"},{"credibility":2,"name":"Michael Patryn — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Michael_Patryn"},{"credibility":2,"name":"QuadrigaCX cofounder Michael Patryn resurfaces as 0xSifu — Amy Castor","type":"news_article","url":"https://amycastor.com/2022/01/27/quadrigacx-cofounder-michael-patryn-resurfaces-as-oxsifu-treasury-manager-of-wonderland/"}]},{"content":"The Ontario Securities Commission's June 2020 investigative report concluded that QuadrigaCX was 'an old-fashioned fraud wrapped in modern technology.' Cotten opened multiple accounts on the Quadriga platform under aliases and credited himself with fictitious cryptocurrency and fiat currency balances, then traded those fabricated balances against real customer funds. Approximately C$115 million of the total shortfall arose from this internal fraudulent trading. Cotten also transferred approximately C$24 million of client funds to himself and his wife Jennifer Robertson between 2016 and 2018, using the funds to purchase luxury vehicles, a yacht, a Cessna 400 aircraft, and multiple real estate properties. He additionally sustained losses of approximately C$28 million trading client assets on three external platforms. The exchange lacked any internal controls, external audits, or board oversight; Cotten ran it entirely from his home in Fall River, Nova Scotia.","heading":"Fraud Mechanics and Ponzi Scheme Operation","severity":"critical","sources":[{"credibility":1,"name":"Crypto exchange Quadriga was a fraud and founder was running Ponzi scheme, OSC report finds — CBC News","type":"news_article","url":"https://www.cbc.ca/news/business/osc-quadriga-gerald-cotten-1.5607990"},{"credibility":2,"name":"Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2020/06/11/quadriga-was-a-ponzi-scheme-ontario-securities-regulator-says"},{"credibility":1,"name":"QuadrigaCX: A Review by Staff of the Ontario Securities Commission","type":"regulatory","url":"https://www.osc.ca/quadrigacxreport/"},{"credibility":2,"name":"QuadrigaCX was a Ponzi scheme, OSC investigation finds — Investment Executive","type":"news_article","url":"https://www.investmentexecutive.com/news/from-the-regulators/quadrigacx-was-a-ponzi-scheme-osc-investigation-finds/"}]},{"content":"Following Cotten's reported death, QuadrigaCX's lawyers and Robertson claimed that approximately C$190 million in customer cryptocurrency was locked in cold wallets to which only Cotten held the passwords. Blockchain analysis subsequently determined that the supposed cold wallets were empty — drained as early as April 2018, eight months before Cotten's death was reported. Ernst & Young, appointed as court monitor, confirmed that Cotten had transferred digital assets out of the exchange's designated storage. The OSC's report concluded that most of the claimed cold wallet reserves never actually existed; the Ponzi scheme relied on new customer deposits to fund withdrawals rather than on held reserves. In December 2022, approximately 104 bitcoins linked to QuadrigaCX wallets moved for the first time in three years; Chainalysis reported these were sent to Wasabi, a cryptocurrency mixing service, in transactions apparently not initiated by Ernst & Young.","heading":"Cold Wallets: Empty Before Cotten's Death","severity":"critical","sources":[{"credibility":1,"name":"Quadriga's Cryptocurrency Wallets Are Empty — NPR","type":"news_article","url":"https://www.npr.org/2019/03/06/700651500/crypto-mystery-quadrigas-wallets-are-empty-putting-fate-of-137-million-in-doubt"},{"credibility":2,"name":"Almost 104 BTC Moved Out of QuadrigaCX, Reports Chainalysis — Investing.com","type":"news_article","url":"https://www.investing.com/news/cryptocurrency-news/almost-104-btc-moved-out-of-quadrigacx-reports-chainalysis-2969146"},{"credibility":1,"name":"QuadrigaCX: A Review by Staff of the Ontario Securities Commission — Where Did the Funds Go","type":"regulatory","url":"https://www.osc.ca/quadrigacxreport/where-did-the-funds-go.html"}]},{"content":"Gerald Cotten was admitted to Fortis Escorts Hospital in Jaipur, India on December 8, 2018 and was declared dead on December 9, 2018 at approximately 7:26 p.m. IST, officially of septic shock and complications from Crohn's disease. He was 30 years old. Cotten and his wife Jennifer Robertson had been in India on what Robertson described as a humanitarian trip to open an orphanage, arriving approximately 10 days before his death. No autopsy was performed in India. Controversy surrounding the death was fueled by several factors: a will had been signed just 12 days before the trip, naming Robertson as sole beneficiary of a C$9.6 million estate; Cotten's name was reportedly misspelled on the death certificate; the exchange's insolvency had been developing for months; and large amounts of customer cryptocurrency had already been moved or misappropriated. No forensic or official body has concluded that Cotten faked his death, and no confirmed evidence of his being alive has emerged. The RCMP has not publicly disclosed the outcome of any investigation into his death.","heading":"Gerald Cotten's Death and Disputed Circumstances","severity":"high","sources":[{"credibility":2,"name":"Indian Hospital Releases Details About QuadrigaCX CEO's Death — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2019/02/07/indian-hospital-releases-details-about-quadrigacx-ceos-death"},{"credibility":1,"name":"How did Gerald Cotten die? A Quadriga mystery — The Globe and Mail","type":"news_article","url":"https://www.theglobeandmail.com/world/article-how-did-gerald-cotten-die-a-quadriga-mystery-from-india-to-canada/"},{"credibility":2,"name":"CEO of Canadian Crypto Exchange QuadrigaCX Filed Will 12 Days Before Death — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/ceo-of-canadian-crypto-exchange-quadrigacx-filed-will-12-days-before-death"},{"credibility":1,"name":"A death in Cryptoland: The story of Gerald Cotten and QuadrigaCX — CBC News","type":"news_article","url":"https://newsinteractives.cbc.ca/longform/bitcoin-gerald-cotten-quadriga-cx-death/"}]},{"content":"In December 2019, Canadian law firm Miller Thomson formally requested that the RCMP conduct an exhumation and post-mortem autopsy of Cotten's remains to confirm his death, citing the 'questionable circumstances surrounding Mr. Cotten's death and the significant losses' sustained by exchange users. Lawyers for creditors escalated pressure in January 2020, requesting the process be completed by spring 2020 due to decomposition concerns. Robertson's legal team opposed the request, arguing that confirming the cause of death would not assist the asset recovery process. As of public reporting available through mid-2025, no exhumation had been publicly confirmed as having taken place.","heading":"Exhumation Request","severity":"high","sources":[{"credibility":1,"name":"QuadrigaCX clients' lawyers seek exhumation — CBC News","type":"news_article","url":"https://www.cbc.ca/news/canada/nova-scotia/quadrigacx-gerald-cotten-exhumation-1.5396811"},{"credibility":2,"name":"Request for Exhumation: QuadrigaCX Creditors Ask for Proof That Cotten Is Dead — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2019/12/13/request-for-exhumation-quadrigacx-creditors-ask-for-proof-that-cotten-is-dead"},{"credibility":1,"name":"Lawyers for Quadriga customers ask RCMP to exhume founder Gerald Cotten's body — The Globe and Mail","type":"news_article","url":"https://www.theglobeandmail.com/business/article-lawyers-for-quadriga-customers-ask-rcmp-to-exhume-founder-gerald/"}]},{"content":"On January 31, 2019, QuadrigaCX applied for creditor protection under the Companies' Creditors Arrangement Act (CCAA) in Nova Scotia. A court granted temporary protection on February 5, 2019, and Ernst & Young was appointed as independent monitor. The exchange was formally assigned into bankruptcy on April 15, 2019. More than 76,000 unsecured creditors submitted claims totaling C$214.6 million. Ernst & Young recovered approximately C$46 million in assets from various sources, including third-party payment processors. Jennifer Robertson reached a settlement returning approximately C$12 million in assets, including properties, a yacht, the Cessna aircraft, and luxury vehicles; she was permitted to retain C$90,000 in cash, her wedding ring, a Jeep Cherokee, and personal belongings. In May 2023, Ernst & Young announced that creditors would receive approximately 13 cents on the dollar — an interim dividend of approximately C$39.5 million representing 87% of the then-held funds.","heading":"CCAA Proceedings, Asset Recovery, and Creditor Payouts","severity":"critical","sources":[{"credibility":1,"name":"Creditors of Quadriga crypto fraud to receive 13% of funds — The Globe and Mail","type":"news_article","url":"https://www.theglobeandmail.com/business/article-quadriga-crypto-fraud-creditors-compensation/"},{"credibility":2,"name":"Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2023/05/12/quadriga-cx-bankruptcy-claimants-to-get-13-on-the-dollar"},{"credibility":1,"name":"Settlement allows QuadrigaCX founder's widow to keep $90K in cash — CBC News","type":"news_article","url":"https://www.cbc.ca/news/canada/nova-scotia/jennifer-robertson-quadrigacx-settlement-agreement-1.5313813"},{"credibility":2,"name":"Widow of QuadrigaCX CEO to forfeit around $12 million to Ernst & Young — BetaKit","type":"news_article","url":"https://betakit.com/widow-of-quadrigacx-ceo-to-forfeit-around-12-million-to-ernst-young/"}]},{"content":"The Ontario Securities Commission's June 2020 report concluded that QuadrigaCX was never registered with any securities regulator and operated without any form of external financial oversight. The OSC found that Cotten ran the business as he saw fit, with no proper system of internal oversight or controls and no proper books and records. The report documented that Cotten traded over one billion dollars' worth of assets and over five million crypto asset units through the platform, sustaining losses using customer funds without disclosure. The British Columbia Securities Commission also participated in joint regulatory examination. The OSC stated its findings were limited due to incomplete records and Cotten's death preventing direct examination.","heading":"Regulatory Findings and Lack of Oversight","severity":"critical","sources":[{"credibility":1,"name":"OSC publishes investigative report of QuadrigaCX — Newswire","type":"regulatory","url":"https://www.newswire.ca/news-releases/osc-publishes-investigative-report-of-quadrigacx-871268566.html"},{"credibility":1,"name":"QuadrigaCX was a Ponzi scheme, OSC investigation finds — Investment Executive","type":"regulatory","url":"https://www.investmentexecutive.com/news/from-the-regulators/quadrigacx-was-a-ponzi-scheme-osc-investigation-finds/"}]},{"content":"The Netflix documentary 'Trust No One: The Hunt for the Crypto King,' directed by Luke Sewell and released on March 30, 2022, brought the QuadrigaCX case to a global audience, accumulating over 12 million viewing hours in its first week. Jennifer Robertson published a memoir titled 'Bitcoin Widow' in 2021, providing her account of events. Journalist Amy Castor has produced extensive investigative coverage of QuadrigaCX, the OSC report, and Patryn's subsequent activities. The case is widely cited as one of the largest cryptocurrency frauds in Canadian history and a cautionary example of the risks of centralized exchange custody by a single individual.","heading":"Public Documentation and Media Coverage","severity":"low","sources":[{"credibility":2,"name":"Trust No One: The Hunt for the Crypto King — Netflix Tudum","type":"other","url":"https://www.netflix.com/tudum/articles/trust-no-one-the-hunt-for-the-crypto-king-trailer"},{"credibility":2,"name":"What Netflix's QuadrigaCX Documentary Gets Right — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/03/31/what-netflixs-quadrigacx-documentary-gets-right-and-wrong-about-one-of-cryptos-worst-scandals"},{"credibility":2,"name":"Gerald Cotten and Quadriga: Unraveling Crypto's Biggest Mystery — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2021/06/29/gerald-cotten-and-quadriga-unraveling-cryptos-biggest-mystery"}]}],"sources_used":[{"name":"QuadrigaCX: A Review by Staff of the Ontario Securities Commission","type":"regulatory","url":"https://www.osc.ca/quadrigacxreport/"},{"name":"Quadriga (company) — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Quadriga_(company)"},{"name":"Crypto exchange Quadriga was a fraud and founder was running Ponzi scheme, OSC report finds — CBC News","type":"news_article","url":"https://www.cbc.ca/news/business/osc-quadriga-gerald-cotten-1.5607990"},{"name":"Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2020/06/11/quadriga-was-a-ponzi-scheme-ontario-securities-regulator-says"},{"name":"Indian Hospital Releases Details About QuadrigaCX CEO's Death — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2019/02/07/indian-hospital-releases-details-about-quadrigacx-ceos-death"},{"name":"How did Gerald Cotten die? A Quadriga mystery — The Globe and Mail","type":"news_article","url":"https://www.theglobeandmail.com/world/article-how-did-gerald-cotten-die-a-quadriga-mystery-from-india-to-canada/"},{"name":"QuadrigaCX clients' lawyers seek exhumation — CBC News","type":"news_article","url":"https://www.cbc.ca/news/canada/nova-scotia/quadrigacx-gerald-cotten-exhumation-1.5396811"},{"name":"Lawyers for Quadriga customers ask RCMP to exhume founder Gerald Cotten's body — The Globe and Mail","type":"news_article","url":"https://www.theglobeandmail.com/business/article-lawyers-for-quadriga-customers-ask-rcmp-to-exhume-founder-gerald/"},{"name":"Creditors of Quadriga crypto fraud to receive 13% of funds — The Globe and Mail","type":"news_article","url":"https://www.theglobeandmail.com/business/article-quadriga-crypto-fraud-creditors-compensation/"},{"name":"Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2023/05/12/quadriga-cx-bankruptcy-claimants-to-get-13-on-the-dollar"},{"name":"QuadrigaCX Co-Founder Michael Patryn Is Actually Convicted Criminal Omar Dhanani — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/quadrigacx-co-founder-michael-patryn-is-actually-convicted-criminal-omar-dhanani-report"},{"name":"Michael Patryn — Wikipedia","type":"other","url":"https://en.wikipedia.org/wiki/Michael_Patryn"},{"name":"QuadrigaCX cofounder Michael Patryn resurfaces as 0xSifu — Amy Castor","type":"news_article","url":"https://amycastor.com/2022/01/27/quadrigacx-cofounder-michael-patryn-resurfaces-as-oxsifu-treasury-manager-of-wonderland/"},{"name":"Settlement allows QuadrigaCX founder's widow to keep $90K in cash — CBC News","type":"news_article","url":"https://www.cbc.ca/news/canada/nova-scotia/jennifer-robertson-quadrigacx-settlement-agreement-1.5313813"},{"name":"Widow of QuadrigaCX CEO to forfeit around $12 million to Ernst & Young — BetaKit","type":"news_article","url":"https://betakit.com/widow-of-quadrigacx-ceo-to-forfeit-around-12-million-to-ernst-young/"},{"name":"Quadriga's Cryptocurrency Wallets Are Empty — NPR","type":"news_article","url":"https://www.npr.org/2019/03/06/700651500/crypto-mystery-quadrigas-wallets-are-empty-putting-fate-of-137-million-in-doubt"},{"name":"Almost 104 BTC Moved Out of QuadrigaCX, Reports Chainalysis — Investing.com","type":"news_article","url":"https://www.investing.com/news/cryptocurrency-news/almost-104-btc-moved-out-of-quadrigacx-reports-chainalysis-2969146"},{"name":"CEO of Canadian Crypto Exchange QuadrigaCX Filed Will 12 Days Before Death — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/ceo-of-canadian-crypto-exchange-quadrigacx-filed-will-12-days-before-death"},{"name":"A death in Cryptoland: The story of Gerald Cotten and QuadrigaCX — CBC News","type":"news_article","url":"https://newsinteractives.cbc.ca/longform/bitcoin-gerald-cotten-quadriga-cx-death/"},{"name":"Court Grants QuadrigaCX Bankruptcy Protection — Bitcoin Magazine","type":"news_article","url":"https://bitcoinmagazine.com/culture/court-grants-quadrigacx-bankruptcy-protection"},{"name":"OSC publishes investigative report of QuadrigaCX — Newswire","type":"regulatory","url":"https://www.newswire.ca/news-releases/osc-publishes-investigative-report-of-quadrigacx-871268566.html"},{"name":"Trust No One: The Hunt for the Crypto King — Netflix Tudum","type":"other","url":"https://www.netflix.com/tudum/articles/trust-no-one-the-hunt-for-the-crypto-king-trailer"},{"name":"What Netflix's QuadrigaCX Documentary Gets Right — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/03/31/what-netflixs-quadrigacx-documentary-gets-right-and-wrong-about-one-of-cryptos-worst-scandals"},{"name":"The complete story of the QuadrigaCX $190 million scandal — Decrypt","type":"news_article","url":"https://decrypt.co/5853/complete-story-quadrigacx-190-million"}],"summary":"QuadrigaCX was Canada's largest cryptocurrency exchange, founded in 2013 by Gerald Cotten and Michael Patryn. Following CEO Gerald Cotten's reported death in India in December 2018, approximately C$215 million owed to over 76,000 customers became inaccessible. The Ontario Securities Commission concluded in June 2020 that Cotten had operated the exchange as a Ponzi scheme for years, committing fraud through fictitious trading accounts and misappropriating roughly C$169 million in customer funds.","timeline":[{"date":"2013-11-01","event":"QuadrigaCX (Quadriga Fintech Solutions) founded in Vancouver by Gerald Cotten and Michael Patryn.","source":"Quadriga (company) — Wikipedia","source_url":"https://en.wikipedia.org/wiki/Quadriga_(company)"},{"date":"2014-01-01","event":"Exchange installs second Bitcoin ATM in Vancouver; C$7.4 million in bitcoin exchanged through the year.","source":"Quadriga (company) — Wikipedia","source_url":"https://en.wikipedia.org/wiki/Quadriga_(company)"},{"date":"2017-01-01","event":"QuadrigaCX processes C$1.2 billion in trades; also loses approximately US$14 million in Ethereum due to a smart contract error.","source":"Quadriga (company) — Wikipedia","source_url":"https://en.wikipedia.org/wiki/Quadriga_(company)"},{"date":"2018-01-01","event":"CIBC freezes approximately C$28 million in QuadrigaCX funds held by payment processor Costodian Inc., citing inability to identify the beneficial owner.","source":"Quadriga (company) — Wikipedia","source_url":"https://en.wikipedia.org/wiki/Quadriga_(company)"},{"date":"2018-04-01","event":"Blockchain analysts later determine that QuadrigaCX's supposed cold wallets were drained around this date — eight months before Cotten's reported death.","source":"Quadriga's Cryptocurrency Wallets Are Empty — NPR","source_url":"https://www.npr.org/2019/03/06/700651500/crypto-mystery-quadrigas-wallets-are-empty-putting-fate-of-137-million-in-doubt"},{"date":"2018-11-27","event":"Gerald Cotten signs his last will and testament, naming wife Jennifer Robertson as sole beneficiary and executor of a C$9.6 million estate — 12 days before his death.","source":"CEO of Canadian Crypto Exchange QuadrigaCX Filed Will 12 Days Before Death — CoinTelegraph","source_url":"https://cointelegraph.com/news/ceo-of-canadian-crypto-exchange-quadrigacx-filed-will-12-days-before-death"},{"date":"2018-12-08","event":"Gerald Cotten is admitted to Fortis Escorts Hospital in Jaipur, India in critical condition.","source":"Indian Hospital Releases Details About QuadrigaCX CEO's Death — CoinDesk","source_url":"https://www.coindesk.com/markets/2019/02/07/indian-hospital-releases-details-about-quadrigacx-ceos-death"},{"date":"2018-12-09","event":"Gerald Cotten declared dead at Fortis Escorts Hospital, Jaipur, India at approximately 7:26 p.m. IST, officially of septic shock and Crohn's disease complications. No autopsy performed.","source":"Indian Hospital Releases Details About QuadrigaCX CEO's Death — CoinDesk","source_url":"https://www.coindesk.com/markets/2019/02/07/indian-hospital-releases-details-about-quadrigacx-ceos-death"},{"date":"2019-01-14","event":"QuadrigaCX publicly announces Cotten's death and the inaccessibility of approximately C$190 million in customer assets.","source":"The complete story of the QuadrigaCX $190 million scandal — Decrypt","source_url":"https://decrypt.co/5853/complete-story-quadrigacx-190-million"},{"date":"2019-01-31","event":"QuadrigaCX applies for creditor protection under the CCAA in Nova Scotia.","source":"Court Grants QuadrigaCX Bankruptcy Protection — Bitcoin Magazine","source_url":"https://bitcoinmagazine.com/culture/court-grants-quadrigacx-bankruptcy-protection"},{"date":"2019-02-05","event":"Nova Scotia court grants CCAA protection; Ernst & Young appointed as independent monitor.","source":"Court Grants QuadrigaCX Bankruptcy Protection — Nasdaq","source_url":"https://www.nasdaq.com/articles/court-grants-quadrigacx-bankruptcy-protection-2019-02-05"},{"date":"2019-03-01","event":"Ernst & Young confirms QuadrigaCX cold wallets are empty; no cryptocurrency found in designated storage.","source":"Quadriga's Cryptocurrency Wallets Are Empty — NPR","source_url":"https://www.npr.org/2019/03/06/700651500/crypto-mystery-quadrigas-wallets-are-empty-putting-fate-of-137-million-in-doubt"},{"date":"2019-04-15","event":"QuadrigaCX formally assigned into bankruptcy under the Bankruptcy and Insolvency Act.","source":"Quadriga (company) — Wikipedia","source_url":"https://en.wikipedia.org/wiki/Quadriga_(company)"},{"date":"2019-10-08","event":"Jennifer Robertson settles with Ernst & Young, forfeiting approximately C$12 million in assets including properties, a yacht, an aircraft, and luxury vehicles.","source":"QuadrigaCX Founder's Widow Will Cough Up $9 Million to Repay Users — CoinDesk","source_url":"https://www.coindesk.com/markets/2019/10/07/quadrigacx-founders-widow-will-cough-up-9-million-to-repay-users"},{"date":"2019-12-13","event":"Law firm Miller Thomson formally requests RCMP exhume and autopsy Gerald Cotten's remains to verify his death.","source":"QuadrigaCX clients' lawyers seek exhumation — CBC News","source_url":"https://www.cbc.ca/news/canada/nova-scotia/quadrigacx-gerald-cotten-exhumation-1.5396811"},{"date":"2020-06-11","event":"Ontario Securities Commission publishes its investigative report concluding QuadrigaCX was a Ponzi scheme and that Cotten committed fraud totaling approximately C$169 million against 76,000 investors.","source":"OSC publishes investigative report of QuadrigaCX — Newswire","source_url":"https://www.newswire.ca/news-releases/osc-publishes-investigative-report-of-quadrigacx-871268566.html"},{"date":"2022-01-01","event":"QuadrigaCX co-founder Michael Patryn (Omar Dhanani) identified as '0xSifu,' treasury manager of DeFi protocol Wonderland, triggering that project's collapse.","source":"QuadrigaCX cofounder Michael Patryn resurfaces as 0xSifu — Amy Castor","source_url":"https://amycastor.com/2022/01/27/quadrigacx-cofounder-michael-patryn-resurfaces-as-oxsifu-treasury-manager-of-wonderland/"},{"date":"2022-03-30","event":"Netflix documentary 'Trust No One: The Hunt for the Crypto King' released, garnering over 12 million viewing hours in its first week.","source":"Trust No One: The Hunt for the Crypto King — Netflix Tudum","source_url":"https://www.netflix.com/tudum/articles/trust-no-one-the-hunt-for-the-crypto-king-trailer"},{"date":"2022-12-01","event":"Approximately 104 BTC linked to QuadrigaCX wallets move for the first time in three years; Chainalysis reports funds sent to Wasabi mixer, apparently not by Ernst & Young.","source":"Almost 104 BTC Moved Out of QuadrigaCX, Reports Chainalysis — Investing.com","source_url":"https://www.investing.com/news/cryptocurrency-news/almost-104-btc-moved-out-of-quadrigacx-reports-chainalysis-2969146"},{"date":"2023-05-12","event":"Ernst & Young announces first interim dividend: creditors to receive approximately 13 cents per dollar, totaling C$39.5 million distributed from 17,600+ proven claims.","source":"Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar — CoinDesk","source_url":"https://www.coindesk.com/business/2023/05/12/quadriga-cx-bankruptcy-claimants-to-get-13-on-the-dollar"}]},"v":1}