City Reports

Gerald Cotten death: Cryptocurrency exchange co-founder suffered cardiac arrest during treatment in Jaipur

Cotten suffered heart attack on December 8 last year and died on December 9. His body was put in the mortuary of Mahatma Gandhi Hospital, a government medical facility, after his death.

| Updated:
February 7, 2019 1:20 pm
QuadrigaCX co-founder Gerald Cotton died in Jaipur

QuadrigaCX, Canada’s largest cryptocurrency exchange co-founder Gerald Cotton

Jaipur: A private hospital located on JLN Marg in Jaipur confirmed that QuadrigaCX, Canada’s largest cryptocurrency exchange co-founder Gerald Cotten suffered cardiac arrest twice while undergoing treatment.

Cotten suffered heart attack on December 8 last year and died on December 9. His body was put in the mortuary of Mahatma Gandhi Hospital, a government medical facility, after his death. The local police were informed. However, there were no reports that his post-mortem examination was conducted in Jaipur.

Investors in QuadrigaCX, Canada’s largest cryptocurrency exchange, were unable to access their funds after its founder, Gerald Cotten, died last year.

The Guardian reported that Jennifer Robertson, identified as Cotten’s widow, said the exchange owes its customers roughly C$250m (US$190m) in cash and cryptocurrency held in its “cold storage”.

“Quadriga’s inventory of cryptocurrency has become unavailable and some of it may be lost,” Robertson wrote in the filing.

Cotten, 30, died in India last December from complications from Crohn’s disease, according to the company. He was in India “opening an orphanage to provide a home and safe refuge for children in need”.

The private hospital where he was admitted following complaints of dizziness and pain said that Cotten suffered cardiac arrest twice and died.

The investors were sceptical over the reports of Cotten’s death.

First published: February 7, 2019
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