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Cryptocurrency investors want to examine dead body of Quadriga CX founder

Around 100,000 users of the Canadian cryptocurrency exchange Quadriga CX can’t access more than a hundred million dollars worth of Bitcoin when the company’s founder suddenly died last year. Left with no other options, users of the collapsed platform are now asking authorities to allow them to exhume and examine the body.

Quadriga CEO and co-founder Gerald Cotten died in December 2018 while traveling in India due to complications arising from Crohn’s Disease, according to CNN. His untimely death crippled the company’s operations since they can’t access the cryptocurrencies in Cotten’s account reportedly worth around $145 million.

Quadriga had since struggled for ways to refund the exchange’s more than 100,000 users. The Supreme Court of Nova Scotia eventually issued a Termination and Bankruptcy Assignment Order in April, which started its bankruptcy proceedings.

Lawyers representing Quadriga’s disgruntled customers are now asking authorities to allow them to exhume Cotton’s dead body, which was repatriated to Canada and laid to rest in Halifax, Nova Scotia. They cited “questionable circumstances” about the founder’s death and wish to reconfirm the dead body’s identity via a postmortem autopsy.

Cotton was the only person who had access to the account containing the cryptocurrencies, The Guardian reported. While his wife possesses the laptop that her husband used, she still can’t open it up due to encryption.

“The laptop computer from which Gerry carried out the companies’ business is encrypted and I do not know the password or recovery key,” Robertson explained. “Despite repeated and diligent searches, I have not been able to find them written down anywhere.”

There are speculations that Cotton might still be alive, which probably prompted the request for exhumation. Accounting firm Ernst & Young reportedly discovered money-losing trades using funds from Quadriga’s clients when it conducted an audit as part of the bankruptcy proceedings.

The Guardian also reported that the couple lived a lavish lifestyle and would often travel using private jets. Ernst & Young recovered only $35 million from Robertson, $24 million in cash and $9 million in assets.

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