---
title: "Indian Hospital Fires Back at Rumors That Crypto CEO Faked Death"
description: "Coindesk managed to retrieve hospital records, proving the death of QuandrigaCX CEO Gerald Cotten. But will that information be enough?"
date: "2019-02-07"
modified: "2019-02-07"
authors:
  - name: "Victor Tangermann"
    job_title: "Senior Editor"
    link: "https://futurism.com/authors/victor"
url: "https://futurism.com/the-byte/quadrigafx-details-ceo-death"
categories:
  - "Bitcoin"
  - "Blockchain"
  - "Cryptocurrency"
  - "Future Society"
tags:
  - "bitcoin"
  - "cryptocurrency"
  - "cryptocurrency exchanges"
  - "the digest"
---

# Indian Hospital Fires Back at Rumors That Crypto CEO Faked Death

![Coindesk managed to retrieve hospital records, proving the death of QuandrigaCX CEO Gerald Cotten. But will that information be enough?](<https://futurism.com/wp-content/uploads/2019/02/quadrigafx-details-ceo-death.jpg>)
*\<em\>Image: K-H. Leuders/Kottaym/Tag Hartman-Simkins\</em\>*

## QuadrigaCX Saga

It's been a roller coaster of intrigue, wild conspiracies, and legal proceedings.

The widow of Gerald Cotten, the CEO of cryptocurrency exchange QuadrigaCX, [says he died](<https://futurism.com/crypto-exchange-loses-millions-encrypted-wallet>) in December — taking roughly [$190 million](<https://www.cbc.ca/news/canada/nova-scotia/quadrigacx-cryptocurrency-gerald-cotten-court-bankruptcy-1.5006164?cmp=rss>) worth of blockchain currencies to the grave, and [prompting conspiracy theories](<https://futurism.com/growing-suspicion-crypto-ceo-faked-death>) that Cotten faked his own death.

Now the hospital where Cotten died is firing back, [telling](<https://www.coindesk.com/quadrigacx-indian-hospital-releases-details-about-ceos-death>) *CoinDesk* that Cotten "could not be revived and was declared dead" and that "information of his death was communicated to the relevant authorities."

## Why the Fuss?

Rumors swirled since shortly after the announcement of Cotten's death, with Reddit and Twitter flooding with [conspiracy theories](<https://www.reddit.com/r/btc/comments/ammb4j/did_the_quadrigacx_ceo_exit_scam_by_faking_his/>).

It's true that things didn't quite add up. A Cornell professor specializing in cryptocurrencies told [told the *New York Times*](<https://www.nytimes.com/2019/02/05/business/quadriga-cx-gerald-cotten.html>) that Cotten’s "death came at a very odd time in the history" of Quadriga. And [*Bloomberg* reported](<https://www.bloomberg.com/news/articles/2019-02-05/crypto-exchange-founder-filed-last-will-12-days-before-he-died>) that he filed his will just 12 days before his death. And an Indian death certificate, also [obtained by *CoinDesk*](<https://www.coindesk.com/indian-death-certificate-crypto-exchange-quadrigacx-death>), misspelled Cotten's name.

## Questions

According to private Indian hospital Fortis Escorts, Cotten arrived in critical condition and with septic shock. The hospital revived him after a cardiac arrest, but he died after second heart failure, according to the statement obtained by *CoinDesk*.

QuadrigaCX has 30 days to sort the situation out thanks to a stay granted by the Nova Scotia Supreme Court in Canada. But in the meantime, the drama shows no signs of letting up.

READ MORE: [Indian Hospital Releases Details About QuadrigaCX CEO’s Death](<https://www.coindesk.com/quadrigacx-indian-hospital-releases-details-about-ceos-death>) \[*CoinDesk*\]

***More on the saga: [Did a Crypto CEO Fake His Own Death? The Great Quadriga Conspiracy, Day 6](<https://futurism.com/the-byte/did-a-crypto-ceo-fake-his-own-death-the-latest-updates>)***

## Author
I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida.

### Author social links  
[Bluesky](<https://bsky.app/profile/vtanger.bsky.social>)