chepicap.com
The widow of failed crypto platform QuadrigaCX CEO Gerald Cotten has started to liquidate assets left to her in his will. This may affect the exchange's efforts to settle with creditors.
Read more: Employee of QuadrigaCX: social media has "no compassion" for widow; QuadrigaCX founder revealed where he stored private keys in podcast years ago
After Cotten's death in December 2018, his wife Jennifer Robertson was left with an extensive list of valuable assets, as reported by NASDAQ. These included a Jeanneau 51 sailboat, an airplane, a Lexus and a Mini Cooper (among other unnamed motor vehicles).
The real estate portfolio of cotten included properties at 1021 Lamont Lane, Kelowna, British Columbia, 71 Kinross Court in Nova Scotia, 511 and 512 Ringling Court in Nova Scotia and 34 Little Island and Seaview Drive in Nova Scotia. Second mortgages have been taken out on some these, in order to insulate them from creditor's claims, and one has reportedly been sold for around $1.1 million.
Some observers who are convinced the QuadrigaCX closure was an exit scam are unconvinced that Cotten is even dead, despite proof being provided by a number of sources. It remains unclear whether a settlement will be made with the company's creditors.
Read more: The QuadrigaCX timeline: as it happened; 4 cryptocurrency exchanges closed in 2019: what happened?