Oct 07, 2019

Widow of QuadrigaCX Founder Hands Over $9 Million in Assets to Users

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The widow of QuadrigaCX founder Gerald Cotten, Jennifer Robertson, is handing over $9 million in assets to the users of the now-defunct crypto exchange.

Robertson returns most of her assets

On Oct. 7, Robertson announced in a personal statement, posted by Coindesk, that she would be transferring the vast majority of estate assets — previously valued at about $9 million — to EY Canada. The Big Four audit firm acted as the bankruptcy trustee of QuadrigaCX during its insolvency hearings. Robertson stated:

"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 her assets were all purchased with her husband’s legitimately earned profits, salary and dividends, adding:

“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.”

Canada Revenue Agency audits QuadrigaCX

Cointelegraph reported in September that QuadrigaCX is being audited by the Canada Revenue Agency, the country’s tax authority, which has requested tax returns from Oct. 1, 2015 to Sept. 30, 2018.

Over the past year, the exchange has been engaged in a lengthy court case with the exchange’s creditors, some of whom have speculated wildly as to the fate of the lost cryptocurrency, with some wondering whether Cotten is even dead.

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