Jennifer Robertson, the widow of the deceased QuadrigaCX founder Gerald Cotten, has decided to hand over the majority of her estate assets, valued at around USD9M to Ernst & Young Canada, Cointelegraph reports on October 8th.
The subsidiary of the Big Four audit company has been acting as the bankruptcy trustee for the defunct Canadian cryptocurrency exchange after its founder and CEO passed away being the only person holding the private keys to user funds entrusted to the exchange. Mrs. Robertson stated “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.”
With more than USD130M reportedly missing from the now defunct exchange, these funds will make up for a small, but still significant, part of the lost funds of the exchanges users. The death of the QuadrigaCX founder has sparked a huge number of theories on his death, which took place in mysterious circumstances, but the investigation following the exchange's bankruptcy has uncovered a plethora of disturbing detail on how he abused both the power of his position and the trust of exchange's users. While the rest of the funds may never be recovered, it is praiseworthy to see not everybody's conscience remains unmoved by the damage caused to the defrauded investors.