Colleague of Quadriga CEO: Cotton was "worried something might happen"

21 Apr, 2019 | Updated: 21 Apr, 2019
by Will Heasman
Update
Colleague of Quadriga CEO: Cotton was worried something might happen

A former colleague of Gerard Cotton, the late CEO of the now defect crypto exchange, QaudrigaCX, has revealed that Cotton Was worried that something might happen to him and that user funds may never be recovered…

QuardigaCX shares a very special, and deserved place in crypto history, alongside other debacles such as Mt.Gox.

The Canadian exchange which has been generating headlines ever since Gerald Cotten, CEO, was declared dead in India without ever revealing the codes to access the funds.

As more comes to light about the situation, hopes of recovering the $200 million in funds becomes ever smaller, and now according to a friend of the late Quadriga CEO, this was something that Cotten may have expected.

According to Global News, Cotton’s friend and former colleague, Adam O’Brien, has given further insight into the mind of cotton before his untimely death.

“Gerry was holding, we know, over $100 million, almost $200 million dollars in funds. That makes people do some pretty crazy things. And I think Gerry was aware of that, and I think he was kind of worried that something might happen.” Said O’Brien.

O'Brien also noted that Cotton was well respected among his contemporaries as a genuine person; going further to dismiss the various conspiracies surrounding the incident.

Theories pertaining to the death of cotton include the rather contentious idea that the CEO faked his own death, in an effort to pull off what would be a rather elaborate exit scam.

O’Brien also had his say on the likelihood of recovering the lost funds:

“I don’t think people are going to see that money again. And the reason I don’t is because the way bitcoin is designed is that once the private key is gone, there’s no recovery.”

A small slither of hope still remains that there will be a way to recover the funds, for the meantime, investors wait with bated breath.

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