Eighteen months after the death of Gerald Cotten, founder and CEO of QuadrigaCX, when he volunteered to work in an orphanage in India Most cryptocurrency users seem to believe that he is still alive.
The Canadian exchange is just one of many alleged fraudulent exit scams, and it is believed that advertising of the cases will shut off some cryptocurrency users.
According to an online survey conducted during a Virtual Consensus 2020 event – “QuadrigaCX – Scream into Space and Answer Some Questions” – 60% of viewers surveyed said that Cotten was definitely still alive, and 90% agreed that the CEO’s alleged panel should be exhumed and autopsied.
It should be noted that online self-selection surveys are not very scientific.
QuadrigaCX users have lost millions
Skepticism about Cott’s death is largely due to the fact that he left thousands of cryptocurrency users with no assets of around $ 145 million. since Cotten was solely responsible for the wallets and keys to the wallet the company had tried to find after his death.
One of the victims of the QuadrigaCX disaster was Tong Zou, a user of the exchange who shared his experiences at the event. The software developer lost more than $ 400,000 in lifetime savings when he tried to use QuadrigaCX as a means of returning his money to Canada.
Fraud that takes away users’ cryptocurrencies
“I’m more conservative now [respecto a las criptomonedas] than before, “said Zou, quoting how he considered QuadrigaCX, one of the oldest exchanges at the time, to be a safe and modern way to transfer money. The engineer was completely disbelieved when the money just didn’t show up.
“Even the largest and longest-running exchanges can still fail.”Admitted Zou. He said the main problem with cryptocurrencies is the lack of regulation that leads to fraud and situations like QuadrigaCX.
Lawyers for users affected by the bankruptcy of the stock exchange asked the Royal Canadian Mounted Police (RCMP) to exhume Cott’s body and perform an autopsy in December, but have not yet received a response.