TL;DR: The ghoulish, macabre trend continues as the ongoing saga of figuring out what really happened in the QuadrigaCX collapse won’t die. Literally. After the exchange founder and CEO’s sudden death during a trip to India, it was discovered he was the only executive with access to users’ funds. As tens of millions worth of crypto were thought potentially lost forever, careless mismanagement and worse was also revealed. As a result, victims have again asked for the deceased founder’s body to be dug up, proving once and for all if it was an elaborate exit scam.

Exchange Victims Call Again for Founder’s “Alleged Body” to be Exhumed

The law firm representing victims in the Canadian exchange’s collapse and recent descent into bankruptcy hearings, recently emailed its clients, “Affected Users.” Under the “Exhumation Update” section of the email, the firm Miller Thomson explained, “Today, Representative Counsel issued a letter […] requesting an update on whether the RCMP will conduct an exhumation and post­mortem autopsy on the alleged body of Gerald Cotten prior to Spring 2020.”

By most previous accounts, Cotten was a typical crypto exchange founder and CEO — affable, can-do, no real hints of publicly scammy behavior. Newly married that year, he and his bride headed to India on a combination honeymoon and charity mission. It was there disaster struck in early December of 2018 as Cotten reportedly succumb to Crohn’s disease complications.

Little more than a month later, the exchanged filed for formal creditor protection and ghosted from its online platform presence. By February of 2019, it was revealed along with Cotten’s death exchange cold storage private keys followed, gone seemingly forever. Nearly $200 million in users’ funds were either lost altogether or stolen. Since then it has been a battle and series of strange turns for victims as they seek to be made whole: shady associations discovered at the executive level, mounting conspiratorial and anecdotal evidence of Cotten perhaps faking his death, more revelations of funds having been lost, a rival exchange creating an address bounty, wallets cracked and looted, user funds having been margin traded, millions returned from Cotten’s widow, … all culminating in last month’s exhumation request.

This time around, victims’ attorneys sent a letter directly to the Canadian Minister of Public Safety and Emergency Preparedness, an elected official responsible for oversight of the Royal Canadian Mounted Police (RCMP). Miller Thomson also urged victims to contact their respective Members of Parliament concerning the matter. The hope is in confirming Cotten is indeed dead, at least one part of the mystery can be considered solved.

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