Did Cotten Fake His Own Death to Abscond With $250 Million?
Is This A Crypto Exit Scam?
Among a few reasons some crypto pundits are scratching their heads:-
With a proper treatment plan, the risk of death from Crohn’s disease is currently about 3%.
Cotten’s will was signed on November 27, less than two weeks before his death on December 9.
Even before Cotten’s death, the company had transaction delays and legal disputes led to millions of dollars being frozen.
Cold Wallet Case
Cotten died on December 9, 2018, due to complications arising from Crohn’s disease at the age of 30. This itself is rather suspicious as not only the risk of death from Crohn’s disease is very slim at about 3%. What are the chance a sick man will even contemplate travel abroad? Let alone building an orphanage in India while he has tons of problems to deal with at home (such as CIBC lawsuit that is causing a software engineer unable to retrieve his C$560,000 ($422,000) deposit)?
It’s said both a statement of death issued by a Halifax funeral home and a death certificate issued by the Government of Rajasthan’s Directorate of Economics and Statistics report that he died in Jaipur, India. However, some users raised red flags — and pointing out that in parts of India, it’s possible to buy a death certificate.
Little evidence of cold wallets containing $250M
Experts who have analyzed publicly available cryptocurrency transfer patterns say there’s little sign of digital vaults stuffed with millions and linked to Quadriga.
Crypto Advice: “Thee Is Little Help For Investors Of Cryptocurrency When Things Go Wrong”
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