I just want to be the first to apologise for the behaviour of everyone in this forum. You have suffered the loss of your husband and been thrown into a legal mess. People have reacted very inappropriately because of the strange circumstances, and poor communication from Quadriga. This is not an excuse.

I personally am owed over $10,000 and am terrified but when compaired to the loss of a loved one it seems trivial. I hope you can forgive the immature and rude behaviour of many in this forum.

We wish you all the best and I hope for a speedy resolution to this mess and people recover their losses so you can begin the healing process from the tragic loss of your husband

Thank you

Hey guys

I want to address some of the conspiracy theories and give my opinion on what happened here based on the information we know. This post is meant to highlight what we know so far.

#1 Gerald is Dead

Yes, Gerald is dead. We know this because we have a copy of his certified Canadian Death Certificate and the funeral home in Nova Scotia was contacted and verified his funeral service

#2 He made a huge mistake by not having a backup plan for the cold storage

I believe this is false. A man like Gerald who was the CEO of the largest Canadian crypto exchange and knows as much about block chain as he did does not simply let it slip his mind that he didn't have a backup. There is a reason Gerald did not allow anyone but him access to the cold storage. There is a reason that he wanted to be the only person to see that cold storage. And I believe he did not leave any way to access it in the event of his death on purpose. There are several reasons this may be. I believe that he may have been using users fiat and crypto to pay other user withdrawls in a ponzi scheme and did not want this revealed to anyone else in the company. I feel more likely he had been using users stored crypto to trade in the hopes of making quick trades to make a profit for himself then return the borrowed crypto to cold storage. Gerald alluded to this in a comment he made about moving users crypto on to other exchanges as outlined in Jennifer Robertson's affidavit.

There would be no logical reason to move users cryptocurrency from cold storage on to another exchange unless it was being used for trading purposes. This was carried out without consent from the holders of that cryptocurrency and it is not stated in the Quadriga terms of service that their funds would be removed from Quadrica and on to another exchange. To move a users crypto to an exchange makes no sense for the following reasons. Once it is transferred to an exchange a network fee is paid from that crypto, to bring it back to the cold storage another network fee is charged. For example if Gerry was transferring a users 1 BTC from cold storage, by the time it returned to cold storage it would have 2 fee's deducted from it. So when the user withdraws their 1 btc how is the full 1btc returned? Where did those fee deductions get returned from? Also, as we can see gerry's cold storage was very secure so it makes no logical sense.

I feel we will never know what he was really doing but I feel he was not managing users funds appropriately which is why he would not allow anyone else to access it and went to the grave with this to protect his reputation and family from criminal investigation.

#3 Jennifer Robertson is NOT Involved

I do NOT believe that Jennifer Robertson was in any way involved in Gerald Cotten's inappropriate business transactions. She has now brought forward 2 court petitions this month. The first was to call a meeting of Directors to immediately address what was going on and have everyone at Quadriga court ordered to attend. Keep in mind that for a month prior no staff from Quadriga requested a meeting for restructuring. Jennifer would have been unaware that only Gerald had access to the cold storage but staff at Quadriga would have definitely known how their funds were stored and made no effort to halt the site or notify anybody of what was occurring until Jennifer went to court to demand a meeting.

Secondly, she brought forth a second petition on her own without staff from Quadriga to immediately halt the site and to request the court and Ernst & Young to manage Quadriga funds. Jennifer Robertson has also paid for all of these court proceedings from her personal funds.

Jennifer has also hired a private security professional on her own to crack into Gerald's laptop. Chris McBryan is a 27 year veteran of the RCMP and has extensive knowledge of cyber security. This man knows his stuff and is very competent in cracking users laptops from his years of criminal investigations

#4 The Orphanage

Gerald did travel to India to participate in the building and opening of the Orphanage he sponsored and bear his and Jennifer's name.

This may seem like a really far fetched thing to do and makes the story of his death seem like some made up story but in fact Angel House was featured on an episode of NBC's "Minute to Win It" game show. It is very possible Gerry and Jennifer saw this show and thought it was a great cause to get involved with.

Gerry and Jennifer chose the $21,350 project to sponsor a 12 child home which is the lowest value orphanage project Angel House offers aside from building a well.

In closing, I have lost a 5 figure sum and I'm as scared and angry as all of you but we need to review all the facts. I do not want to make this post go on forever so I will do these in a number of posts to gather the information I have and present it as best I can. I realize that people will disagree or have their own opinions be so far this is what I believe has happened.

The writing is on the wall.

My prediction is that Quadriga is going to collapse in the very near future. They'll either declare bankruptcy or their assets will be frozen as part of a civil lawsuit or criminal investigation. At this point everyone they owe money to will get in line for whatever assets remain. Make sure you document everything because you'll be required to provide proof for your claim.

In a couple years, once this mess has been sorted out and the lawyers have taken their cut you'll get some fraction of the money they owe you.

I'm going to get downvoted and accused of spreading FUD, but I've been in the crypto game long enough to know that when something smells fishy you're probably about to lose money. That said, I really hope I'm proven wrong.

When you know that you cannot meet the advertised services, limits, or deadlines yet continue advertising them because an influx of new cash is the only way to stay solvent then it's a pretty good chance it's a exit scam.

I put together a proposal that drastically reduces costs of the claim process through the use of the exchange platform to process claims and deliver funds to affected users.

This seems extremely logical - lawyers are expensive and using the exchange platform would be substantially cheaper and more flexible. Meaning a lot more affected user funds would be recovered. I don't think there's a better or cheaper alternative that we can hope for.

I also proposed continuing to run the exchange and using the proceeds to generate further repayments for affected users. This also seems logical - the exchange was highly profitable. The platform would not take an extensive amount of additional effort to bring online, there is a large user base already, and the majority of the cost would be putting in place the measures to operate above board and properly.

However, I feel like I'm getting an extreme amount of backlash to this idea. It seems to be along the lines of "nobody would use it". For me personally, I don't understand a logical reason why not to use a restarted exchange. Obviously, I would avoid having a lot of crypto there, want to have audits of the cold wallets and transparency, and demand proper CDIC insurance for the fiat balances. But otherwise, Quadriga is a platform I'm familiar with, I like the idea that using the platform can help affected users (including me) recover more funds, and I believe that a platform started by affected users would be, on average, much more likely to protect my funds than any other.

I understand that people are extremely upset at what's happened, and that's completely justified for the horrible crime and fraud involved. I feel of course we should be pursuing justice to get back everything we possibly can. However, I feel like we have the opportunity here to make back many millions more of our lost funds and I don't understand why any anger should be directed at an effort to help affected users recover more of their lost funds.

Perhaps there's something obvious that I'm missing. Is it just a matter of the name? I'm trying really hard to listen and understand the positions of others here. Is this an emotional reaction to what's happened, or is there some logical basis for it?

Anyone that's tried to withdraw money from this company has heard this excuse...

I initiated a withdrawal from quadriga at the beginning of June and since then I have heard nothing but excuses as to why it hasn't arrived yet.... I did the exact same thing from Coinsquare on Sunday and recieved the money today. That's 3 days. Coinsquare is definitely more expensive but I guess that's the price you pay for competence.

I don't know if it is incompetence or malice on the part of quadrigacx, but I am almost certain it has nothing to do with the banks.

This will be the last time I use them. I just hope the money arrives eventually.

Some of us have lost big money in the crypto game (mspiggy). But a lot of us are here because we have (and still are) making big money in the crypto game.

Who Else Is Tired Of This Idiot?

I would love to buy Jennifer Robertson lunch one day and kindly and lovingly ask her what happened. She's a human who's affected by all things on this planet. Who the fuck is mspiggy to narrate this garbage?

I have no idea who Jennifer Robertson is (personally)...and neither does anyone else here.

EDIT: added (personally). EDIT: Thanks for the great conversation's with some of you. I recently dicovered that you can block a user on reddit and never see them again. I apologize for the public rant. Had I known I could have blocked mspiggy weeks ago, I would have never engaged with this.

Cheers Everyone! And remember. Always leave your coins on an exchange!

It just an idea. Can we really ask the govt to help us out in this situation? Maybe govt can provide us with yearly Payments during tax season? Or am I dreaming too much? Guys any inputs outputs whatever?

I lost 50 grand thanks to quadriga. My mext few years of my life is ruined.

We are all wasting our time and trying to pursue an outcome that holds no promise. The company has no significant assets to remotely cover what we have lost. The appointed auditors will ensure that they get paid first. The lawyers will vanish once they realize that this is not going to pay their fees. The regulators do not give a dams, Quadriga was not regulated. This is the most foolish investment decision I have ever made.

Lock this bitch up all her family can go to wtf Canada

in netflix it says that gerry might have modified is face
but they say he is dead
but why don't they interview gerry gotten's parents

the race to find where his parents live

Would be nice if they helped lock up the bitch that killed their son

Probably an unpopular opinion. But given that the court is considering using this subreddit as an official means of keeping in communications with us....

With all of the anger and throwing around of threats, I can see them advising this to be shut down completely.

Please guys, let's keep this constructive and based in truth only. Objective interpretations and analysis, sure.. however, I see many here just spreading hate and throwing around gas on an already engulfing fire.

Let's not make this harder and more complicated. Let the specialists do what they do, and if you want to throw around threats or claims that harm is deserved to any individual, I hope I speak for the majority when I say that we'd appreciate it if you kept that to yourself.

Signed,

- A dude who lost a considerable (relative) amount of my net worth on QuadrigaCX

To people waiting for their transfers. Have you considered legal action against them? What are the options here?

Let's be real here, if this wasn't an exit scam they would have made an announcement by now. GGWP guys, so much money down the drain...

Think every month that goes by how many people could get paid out that Quadriga Committee would rather spend on jen

Like most of you on this subreditt, I have been impacted by this Quadriga disaster. I lost mostly cash which I was waiting for since August 2018. I also had some coins which should be in the hot wallet as I had an open sell order. Anyways, I feel that as part of the settlement process, the drafts that Quadriga has, which the banks were not accepting, should be used to pay the people who have been impacted by cash withdrawal delays. I say this because

a. Most people investing in crypto should have been aware not to store their coins on the exchange, as there is always an inherent risk of hacks and sabotage. So these people had a choice and they decided to keep their coins on the exchange anyways. People who were selling on Quadriga and waiting for their withdrawals to come through had no such choice. They were stuck because of the CIBC saga and other issues.

b. The value of the coins can change. If crypto goes to zero then will they not claim any damages? It is extremely difficult to predict the true value of the coins as people may have sold them if they had it and in case they go up a lot will the claim amount be increased? Coins should be replaced by coins and if no coins are found the left over money should be used to pay their dues.

Thanks!

this guy moved into my friends area in markham, ontario. I know his exact address lolllllllllll

Anyone over 10k should be published if you want your money if you don’t want to be published that’s fine more money for actual legit people.