--- title: "Did a Crypto CEO Fake His Own Death? The Great Quadriga Conspiracy, Day 6" description: "Did Gerald Cotten fake his own death to abscond with $190 million in crypto? Here's our roundup of the latest news about the blockchain debacle." date: "2019-02-06" modified: "2019-02-07" authors: - name: "Jon Christian" job_title: "Executive Editor" link: "https://futurism.com/authors/jonc" url: "https://futurism.com/the-byte/did-a-crypto-ceo-fake-his-own-death-the-latest-updates" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "cryptocurrency" - "gerald cotten" - "quadrigacx" - "the digest" --- # Did a Crypto CEO Fake His Own Death? The Great Quadriga Conspiracy, Day 6 ![Did Gerald Cotten fake his own death to abscond with $190 million in crypto? Here's our roundup of the latest news about the blockchain debacle.]() *\Image: xresch/Victor Tangermann\* ## Body Count On Feb. 1, [news broke]() that Gerald Cotten, the CEO of cryptocurrency exchange QuadrigaCX, had died in India — and taken the passwords to hundreds of millions of dollars worth of digital money [with him to the grave](). Almost immediately, ripped off Quadriga customers suggested that Cotten had [faked his own death](), like a modern-day D.B. Cooper. Whether they're right or wrong, the debacle shows that [more than a decade]() after a pseudonymous coder released Bitcoin, the blockchain space remains a Wild West of cons, hustles and conspiracy. Here's our roundup of the latest news about fallout from the crypto CEO's death. - **That Whole Timing-of-the-Will Thing:** Bloomberg [reported yesterday]() that Cotten filed a will just 12 days before his death. - **That Whole Even-Academics-Are-Now-Questioning-This Thing:** More credible sources are starting to question Cotten's death, though often in careful language. Cornell professor Emin Gün Sirer, for instance, [told the *New York Times*]() yesterday that Cotten's "death came at a very odd time in the history of that company." - **That Whole Timing-of-the-Story Thing:** Aggrieved Quadriga users [are also fixating]() on why it took more than a month — from Dec. 9 to Jan. 31 — for the story of Cotten's death to emerge. - **That Whole Canadian-Funeral-Home-Thing:** Others are calling the Canadian funeral home that provided a statement of death on Dec. 12 to demand answers. One [posted on Reddit]() that the funeral home confirmed that it had held a funeral service for Cotten on Dec. 14; another said the person who answered was "shaken by the question" and that another representative said Cotten wasn't in the database. - **That Whole Either-Way-Bad-For-Crypto Thing:** One takeaway that's not shrouded in mystery: the fiasco is a nightmare for blockchain's public perception. A new [*Wired* piece]() by the brilliant security researcher Bruce Schneier doesn't mention QuadrigaCX or Cotten by name, but both cast a long shadow on its brutal analysis. "Honestly, cryptocurrencies are useless," Schneier wrote. "They're only used by speculators looking for quick riches, people who don't like government backed currencies, and criminals who want a black-market way to exchange money." ***More on Gerald Cotten:*** [Did a Crypto CEO Fake His Own Death to Abscond With $190 Million?]() ***More on QuadrigaCX:*** - [*Crypto Site Loses $137 Million in Dead Founder's Encrypted Wallet*]() - [*Did a Crypto CEO Fake His Own Death to Abscond With $190 Million?*]() - *[Indian Hospital Fires Back at Rumors That Crypto CEO Faked Death]()* ## Author I'm responsible for editing, assigning, and scouting at Futurism, as well as occasionally writing for the site. That work involves keeping an eye on a wide range of narratives and issues, but over the past few years I've become increasingly interested in how AI is shaping the future of media, the web, and information itself. My day-to-day often involves collaborating on reporting and commentary projects bylined by my colleagues, but I try to find time to do my own reporting as well; stories I've broken for Futurism have been cited by publications including the New York Times, the Washington Post, the New Yorker, Wired, Ars Technica, New York Magazine, the Columbia Journalism Review, Bloomberg, and more. I grew up in Southern Vermont and attended Vanderbilt University. Prior to Futurism, I contributed to outlets including the Boston Globe, Vice, Wired, Slate, the Atlantic, the Outline, Ars Technica and more, and did stints in farming and food service. I currently live in Brooklyn, New York, and in my free time I enjoy pinball, word games, cycling, running, and music production. ### Author social links [Bluesky]()