Thoughts on the QuadrigaCX CEO suspicious death???

[bitbuddo]

Anyone here a victim of the QuadrigaCX scandal? The series of events seem all too suspicious and convenient that soooo much money could not be retrieved. Do you think his death is legitimate even?  Are there any updates on this story or has it been swept under the rug already?

https://stadivm.com/cc/quadrigacx-we-beg-to-differ/

[mk4]

Not a victim, but yea, it's too shady to actually be true(though I'm not claiming it's not true). Basically, the CEO, which is already ill in the first place, still didn't decide to actually hand over the private keys to another person, or better, use a multi-sig; then, he allegedly "died" in India whereas the place he died in is allegedly a place where fake death certificates are being made(I have no proof, don't quote me on this).

For the whole situation, if anything, it's either fraud, or them being super unprofessional and irresponsible.

[StackGambler]

Anyone here a victim of the QuadrigaCX scandal? The series of events seem all too suspicious and convenient that soooo much money could not be retrieved. Do you think his death is legitimate even?  Are there any updates on this story or has it been swept under the rug already?

There's no point in stating one's opinion on this, because all we can do is speculate. He could be dead, he could not be dead. He could have stolen, he could not have stolen. Nobody knows and I don't think anybody will know. I'd say there's about a 90-95% chance that it was an elaborate exit scam and/or hoax, but of course, there is no way to know for sure. The whole thing could be true, for all we know, although the odds of that are quite tiny.

[gentlemand]

It doesn't really matter whether he's dead or not. It's become clear there were major problems long before he croaked. Even if he was magically laying on a beach touching himself somewhere, the majority of the money appears to have been long gone way before that.

[Yaunfitda]

Anyone here a victim of the QuadrigaCX scandal? The series of events seem all too suspicious and convenient that soooo much money could not be retrieved. Do you think his death is legitimate even?  Are there any updates on this story or has it been swept under the rug already?

Luckily I'm not a victim of their exit scam.

I agree all circumstances leading to the death of their CEO, to them losing access to their wallets seems very suspicious. Cotten is dead now, and a lot of new details have emerges, after his demise.

If you wanted to see more discussions about this topic, please see the link below:

• QuadrigaCX: $190 million locked after founder died in December 2018
• QuadrigaCX Widow: “Gerry cared for his customers.”… Sorry, we beg to difer.
• Crypto Exchange QuadrigaCX Missing $145 Mln After Death of Founder

[ralle14]

There are updates it's just there's less users who actually follow it and they also have a subreddit if the links from yaunfitda is not enough for you. To me the ceo's death isn't suspicous I think it's legit but as what gentlemand mentioned they're having problems and the people who work for them might be aware beforehand. It's a poorly managed exchange if anything they're using his death as a way to blame all of the exchange's problem so they could come out clean.

[OmegaStarScream]

I think I've read that he has been diagnosed with some kind of disease. So him dying is not that unbelievable unless it was planned very long time before.

I also don't think that anyone could be this unprofessional, to be honest. Even If he was, the team and the board members agreeing to this make no sense.

I don't see how they are going to pull this off though, with the blockchain and the transparency coming with it, 190m vanishing without anyone knowing anything about it is impossible.

[leonair]

This faking of death would be the best scam of all time if it's true but the sole responsibility of the CEO in moving funds was also died with him so for as long the funds are in there and stuck we can't really say that it's suspicious until proven.

Based on Blockchain analysis they've found that there were 5 Bitcoin addresses ties to QuadrigaCX
As of this moment the total funds of 104.335 bitcoins(this is only a small portion compare to the total funds) are still there and not a single satoshi were deducted.

1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa — received 36.37786282 BTC,
1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB — received 33.19556316 BTC,
1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M — received 19.54328527 BTC,
1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe — received 10.34268585 BTC,
1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R — received 4.87560516 BTC.

[bhabygrim]

I think I've read that he has been diagnosed with some kind of disease. So him dying is not that unbelievable unless it was planned very long time before.

I also don't think that anyone could be this unprofessional, to be honest. Even If he was, the team and the board members agreeing to this make no sense.

I don't see how they are going to pull this off though, with the blockchain and the transparency coming with it, 190m vanishing without anyone knowing anything about it is impossible.

I think if the CEO is already ill and knows that he could be deceased any time soon he would leave the company to someone he trust.
Or at least let the company continue and leave the funds behind for his family and for the company to continue to operate .
Just think about it if you are in the business and you already knew that you are ill you would do something about it and what's the point of taking other peoples money if you are already dead?
Unless someone is using him or he is only faking his own death?

[xWolfx]

There's no point in stating one's opinion on this, because all we can do is speculate. He could be dead, he could not be dead. He could have stolen, he could not have stolen. Nobody knows and I don't think anybody will know. I'd say there's about a 90-95% chance that it was an elaborate exit scam and/or hoax, but of course, there is no way to know for sure. The whole thing could be true, for all we know, although the odds of that are quite tiny.

But that is precisely what we do here, right? We discuss things, as simple as that.

I wasn't a victim of this precisely but the community should make a lot of noise about handling the security key backups well and of course that means giving it when something could happen. Maybe leaving it in a secret box in the will? That is one idea that could in fact solve the problem.

However, if everybody used the same secret box method certain measurements should be taken. To avoid even the lawyer, from taking over the keys and stealing the funds.

[pixie85]

Not a victim, but yea, it's too shady to actually be true(though I'm not claiming it's not true). Basically, the CEO, which is already ill in the first place, still didn't decide to actually hand over the private keys to another person, or better, use a multi-sig; then, he allegedly "died" in India whereas the place he died in is allegedly a place where fake death certificates are being made(I have no proof, don't quote me on this).

For the whole situation, if anything, it's either fraud, or them being super unprofessional and irresponsible.

He did hand over some of them to his wife who was lying about all keys being lost. There was a transaction from one of the addresses owned by the exchange made by her after his death. She is involved in all of this and he probably isn't dead. Or he is dead and she lied about keys being lost along with him. They are both in it together or she is I'm sure of it.

[Indamuck]

If I had to guess I would say his death was completely fake.  It doesn't take much to fake a death especially in a 3rd world country.  This guy is off somewhere living the high life with those stolen funds.

[boyptc]

Whether he's real ill and dead or faking his death, they should give assurance their customers to give refund.

[oriontab]

The events surrounding the CEO suppose death are very shady, there were some indications that some tokens ( litecoin) were moved after the death was announced. In any case, the funds are public funds and should not in any way be in the custody of a single individual. The fact this was the case almost confirms it to be a ploy to defraud investors

[Zadicar]

I think I've read that he has been diagnosed with some kind of disease. So him dying is not that unbelievable unless it was planned very long time before.

I also don't think that anyone could be this unprofessional, to be honest. Even If he was, the team and the board members agreeing to this make no sense.

I don't see how they are going to pull this off though, with the blockchain and the transparency coming with it, 190m vanishing without anyone knowing anything about it is impossible.

I think if the CEO is already ill and knows that he could be deceased any time soon he would leave the company to someone he trust.
Or at least let the company continue and leave the funds behind for his family and for the company to continue to operate .
Just think about it if you are in the business and you already knew that you are ill you would do something about it and what's the point of taking other peoples money if you are already dead?
Unless someone is using him or he is only faking his own death?

Suspicious transactions was made way long before this incident happen which means it isnt planned yet being ill might be a reason for you to secure out funds for your family
or for any other reason.There are recent updates uncovered that this exchange was intended for lawlessness which means it isnt really tended to be listed on the very first place.
So it do uncovers the true color.

[CaVO32]

I think I've read that he has been diagnosed with some kind of disease. So him dying is not that unbelievable unless it was planned very long time before.

I also don't think that anyone could be this unprofessional, to be honest. Even If he was, the team and the board members agreeing to this make no sense.

I don't see how they are going to pull this off though, with the blockchain and the transparency coming with it, 190m vanishing without anyone knowing anything about it is impossible.

I think if the CEO is already ill and knows that he could be deceased any time soon he would leave the company to someone he trust.
Or at least let the company continue and leave the funds behind for his family and for the company to continue to operate .
Just think about it if you are in the business and you already knew that you are ill you would do something about it and what's the point of taking other peoples money if you are already dead?
Unless someone is using him or he is only faking his own death?

Suspicious transactions was made way long before this incident happen which means it isnt planned yet being ill might be a reason for you to secure out funds for your family
or for any other reason.There are recent updates uncovered that this exchange was intended for lawlessness which means it isnt really tended to be listed on the very first place.
So it do uncovers the true color.

this is really an interesting side of story - https://www.coindesk.com/from-law-to-lawlessness-bits-of-the-untold-quadrigacx-story. sorry, but i don't buy the idea that he's dead already. even if he is diagnosed with a certain terminal disease, he should have planned some sort of contingencies for this exchange. i don't accept the idea that he's the only one who has access to all those vital passwords and keys. maybe couple of years from now, the funds will start to move again to undisclosed location.

[rdbase]

This faking of death would be the best scam of all time if it's true but the sole responsibility of the CEO in moving funds was also died with him so for as long the funds are in there and stuck we can't really say that it's suspicious until proven.
-snip-

The best scam of all time due to faking his own death? Maybe. But the award goes to mt gox for the amount of crypto involved. But the owner got caught. This ceo can not get caught because he was declared dead so nobody is looking specifically for him.
But you never know some one could recognize him if he hasnt gotten alot of plastic surgery already.

[joniboini]

The only way to prove is if we can see his dead body or not. Aside from that, long before the owner died the funds from their wallet were already emptied according to some reports (a court report, IIRC). So now it doesn't really matter where the owner or whether he's really dead or not, Quadriga as an entity should take responsibility for their poor management and intention of becoming a lawless exchange.

[Bitinity]

This faking of death would be the best scam of all time if it's true but the sole responsibility of the CEO in moving funds was also died with him so for as long the funds are in there and stuck we can't really say that it's suspicious until proven.
-snip-

The best scam of all time due to faking his own death? Maybe. But the award goes to mt gox for the amount of crypto involved. But the owner got caught. This ceo can not get caught because he was declared dead so nobody is looking specifically for him.
But you never know some one could recognize him if he hasnt gotten alot of plastic surgery already.

If it is real fake death, I have to agree that it is the best scam scenario/scheme. He mus have planned it long time ago for the scenario to make it look like a real ill and death. But he forget that people are not that dumb to be fooled with such story, at least there is should be a valid proof of the death.

[Leonardo7]

I didn't know about the exchange until his suspicious death. Maybe the wife should be thoroughly monitored and kept under watch that is if he loved the wife while he was alive "am not sure if he is dead". Humans can frame up anything. The hospital he took trreatment in India and all the last contact with him should be closely monitored or detained. I believe the truth is going to surface as such.  The Love Of Money Is The Root Of All Evil.