Quadriga CEO’s widow to return $12 million of estate assets in voluntary settlement
The widow of the founder of shuttered cryptocurrency exchange QuadrigaCX is returning about $12 million (US$9 million) of assets from his estate to the company as part of a voluntary settlement.
Quadriga Fintech Solutions Corp. shut down in January following the death of founder and Chief Executive Officer Gerald Cotten, leaving some 115,000 customers out of pocket for about $260 million in cryptocurrencies and cash. His wife, Jennifer Robertson, has been dealing with the firm’s fallout ever since through a court-appointed creditor protection and bankruptcy process.
After Cotten’s death, Robertson said she “made every effort to assist in the recovery of the QuadrigaCX assets for the benefit of affected users,” she said Monday in an e-mailed statement provided by her lawyer. Since the proceedings began, Robertson said she’s been “responsive, helpful and cooperative” with the court-appointed monitor and trustee in the search for and recovery of cryptocurrency and other assets.
Reported by Vancouver Sun