QuadrigaCX Founder’s Widow Shifts $9 Million in Assets To Users
At the end of last year, the QuadrigaCX crypto platform experienced its biggest tragedy yet, the loss of its founder Gerald Cotten.
Over the course of 2019, the crypto exchange has been enduring a lengthy court battle with creditors of the QuadrigaCX, some of which are questioning the reality of whether Cotten even passed away.
Well, this week saw the widow of Cotten handing over $9 million in assets to users of the now-defunct crypto platform.
Yesterday, October 7th Jennifer Robertson revealed in a personal message published on Scribd.com that she would be transferring the vast majority of estate assets to EY Canada. The Big Four audit firm stood as the bankruptcy trustee of QuadrigaCX during its insolvency hearings.
Starting off the statement, Robertson said:
“Following the sudden and unexpected death of my husband, Gerald (Gerry) Cotten, I made every effort to assist in the recovery of QuadrigaCX assets for the benefit of Affected Users. Using money I then thought was properly mine, I provided the initial funding necessary to enable the CCAA process and agreed to act as a director of the Companies so that the CCAAprocess could proceed.”
“I have now entered into a voluntary settlement agreement where the vast majority of my assets and all of the Estate’s assets are being returned to QCX to benefit the Affected Users.”
Robertson explains that she was under the impression that such assets were all bought with her husband’s legitimately earned profits. She added, saying:
“I was upset and disappointed with Gerry’s activities as uncovered by the investigation, when I first learned of them, and continue to be as we conclude this settlement.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
You can share this post!
Source: Read Full Article