The company had 363,000 registered users, of which 92,000 have account balances owing to them in cash or cryptocurrencies, Bloomberg reported, quoting court filings.
According to Jack Julian of the Canadian Broadcasting Corporation (CBC) who covered the proceedings at length, QuadrigaCX lawyers expressed hope that a stay of proceedings would allow the company to recover the lost funds "to the extent that they exist".
"I do not know the password or recovery key", she said.
Things became even more suspicious after it was revealed that Cotten had filed his last will and testament just 12 days before he died, in which he designated his wife has his only beneficiary as well as the executor of his estates.
In an application to probate the will, filed on December 21, 2018, Robertson confirmed that the gross value of Cotten's personal property - all of which was left to her - was $9.6 million. "The information of his death was communicated to the relevant authorities".
However, a death certificate circulating online - ostensibly issued by the Directorate of Economics and Statistics in the Indian city of Jaipur- "proving" that indeed the QuadrigaCX founder is dead.
There was also a plan in place to provide $100,000 to Cotten's in-laws to help them cover the costs of caring for the couple's pet Chihuahuas, Nitro and Gully.
QuadrigaCX made headlines after major news media outlets covered that users were not able to withdraw their funds after the CEO mysteriously "died" while on a trip to India. The cause of death is not listed.
Robertson said Cotten was diagnosed with Crohn's disease at the age of 24, about a year after he co-founded QuadrigaCX with his partner Mike Patryn. The certificate, which IndiaToday.in has been unable to verify, is dated December 13 and says that one "Gerald William Cottan" died at the Fortis Escorts Hospital, located in Jaipur's Malviya Nagar. Moreover, as per British Columbia Securities Commission, QuadrigaCX is unregulated and there is no evidence of it operating as an exchange or trading securities.
The Canadian Securities Administrators [CSA], the watchdog of provincial security regulators, said that there were no cryptocurrency trading firms that have been regulated as a trading platform by security regulators.
The British Columbia Securities Commission issued a statement Thursday saying it has been aware of QuadrigaCX's operations since 2017.
The CEO's widow Jennifer Robertson has also said that she doesn't have access to any of these accounts and that the laptop, which Cotten used for the exchange, is encrypted.
It was her weekend anyway, as her fifth album, Thank U, Next , dropped and dominated large swaths of social discourse. She bested fellow nominees Camila Cabello , Kelly Clarkson , Shawn Mendes , P!nk, and Taylor Swift in the category.
Today, there have been more clashes between riot police and protestors on the street, with tear gas and grenades deployed. Protests also took place in other French cities, including Marseille, Montpellier, Bordeaux and Toulouse, the BBC noted .
Gaga won best song written for visual media, for the A Star Is Born track Shallow; and best pop single for the ballad Joanne. Taylor Swift, who was snubbed and scored one nomination, also won't be at the show. "There's nothing better than this".
Grammy Week culminates with the 61st Annual Grammy Awards® at Staples Center in Los Angeles on Sunday, Feb. 10. Two of her songs, "Jolene" and "I Will Always Love You", have both been inducted into the Grammy Hall of Fame.
He signed a one-year, $10.5 million deal with Cleveland in January, and will be arbitration eligible in both 2020 and 2021. A three time All Star, he hit.277 with 38 home runs and 92 runs batted in last season, so he will be missed at shortstop.
His attendance at the combine in Indianapolis means he will have to leave camp to work out for National Football League scouts. This is an exciting update in the current mystery as to which sport Kyler Murray would be considering for his career.
Araibi has said he wants to return to Australia, where he has lived since 2014 and plays for a Melbourne football club. The 25-year-old fears being returned to Bahrain where he believes he could face imprisonment and torture.
There are a total of five fights on the main card. "If I'm playing basketball this is like playing Michael Jordan", he said. All three judges awarded the three-round fight to Adesanya: 30-27, 30-27 and 29-28.
She noted the league offers fans an opportunity to "fill up" on the sport during a time of the year that's usually football-free. The Legends will head back to Atlanta to regroup before heading out next week to play the San Diego Fleet on the road.
Intel will not have 5G-capable chips ready in time for the commercial production of smartphones in 2019, per the report . On Monday, Verizon and Samsung said they plan to bring a 5G smartphone to the USA market in the first half of 2019.
When asked about Kylie's possible engagement to Scott, she claimed a proposal between niece Stormi's parents hasn't happened yet. A source told PEOPLE recently, "When she's not working, she's been focusing her free time on Ben and flying to Philadelphia".
In his post, Jackson explains how Microsoft customers still ask him Internet Explorer related questions for their business. The company, which first developed Internet Explorer in 1995, is no longer supporting new development for the web browser.
Grammys 2019: Cardi B Performs At The 2019 Grammys
Leading the celebrations, Lil Kim wrote, "Thank U Jesus! Trust I tried and still truly wished it had worked". She accessorised her look with white gloves which featured long tassels falling from the garments.