When the CEO died, there was a new development in the stock exchange which could not be accessed from the cold store.
Gerald Cotten, the CEO of the QuadrigaCX Exchange recently died. Cotten was the only person who knew the password of the cold stores of the exchange , so the funds of the users could not be accessed. With the new development, the event became more complicated.
The Inner Face of the Event
Yesterday the Canadian news source, Chroniche Herald, received a story. News related to the event QuadrigaCX event documents are showing. According to the documents, Gerald Cotten’s wife, Jennifer Robertson, is trying to hide the millions of dollars of property in her hands from creditors and lawyers, and this effort is described as ‘questionable’.
Just days after Cotten’s death in India, Robertson was the only performer to have signed. Robertson, who received the collateral morgage of the four properties available, transfers at least two of the properties to Seaglass Trust on January 30th, according to Utoday . Legal expert Daren Baxter explains that such a move will help Robertson protect property from creditors, but also that there are legal ways lenders can follow to access Robertson’s assets.
Paul Trudelle, a law firm’s representative, says creditors will have a great deal of difficulty going after Robertson personally. By law, the directors and shareholders of that company remain inviolable unless a company appears to be fraudulent . But Trudelle acknowledges that the transfer of properties to a trust fund is ‘ unusual ‘ and arouses suspicion .
The stock market took a 30-day deferral from the creditors yesterday. The $ 260 million story has attracted many crypto-money enthusiasts. One of them is the Kraken CEO, Jesse Powell, who first questions the reality of the claims put forward.