I doubt he faked his death but there is a question mark over those private keys. I am betting that he passed them on to someone else on his death bed. Sooner or later, those coins are going to move
This is crypto sphere buddy and crypto scammer planned different strategy in stealing from innocent people. But moving the btc which happen to be in ex-Quadriga CEO wallet require the authority to do everything to find out what really happen and his time of died will easily explain if he's guilty or not. 
Topic: Quadriga CEO Death - Real or fractional banking? (Read 433 times)
Large number of opinions were getting circulated around the market relative to this issue. From my view an CEO of an exchange won't get into such an activity., because he knows the difficult faced in gathering user base and supporting common people grow through these cryptocurrencies.
The guy did fake his own. Most definitely cause he wrote and signed a will just a month before going on a trip to a country in which some one who is sick does not go to unless they are expecting to come down with something and eventually die there.
This is what everybody is questioning with their decision to go there at this time and so close to christmas?
Does not make any sense to do this.
Also his wife who he got married to several months prior received a land in nova scotia and a home in some other place. Also a large boat and a private jet.
So his estate can not sell these assets so to pay the customers atleast part of what they lost?
This also does not make any sense whatsoever.
This is what everybody is questioning with their decision to go there at this time and so close to christmas?
Does not make any sense to do this.
Also his wife who he got married to several months prior received a land in nova scotia and a home in some other place. Also a large boat and a private jet.
So his estate can not sell these assets so to pay the customers atleast part of what they lost?
This also does not make any sense whatsoever.
I doubt he faked his death but there is a question mark over those private keys. I am betting that he passed them on to someone else on his death bed. Sooner or later, those coins are going to move
And a cogent reply from Caitlin Long:
Quote
WOW. If true, it shows again that insolvent financial institutions can stay in biz a long time--until they become illiquid. This is why #proofofkeys is V impt for #crypto & why #Wyoming's law (where #rehypothecation a felony) is also V impt to ensuring solvent #crypto custodians
9 replies 24 retweets 244 likes
9 replies 24 retweets 244 likes
Let's face it our most prominent banks are likely bancrupt if all lie-abilities ever get uncovered. Some example:
Cum-Ex and "Klynveld Peat Marwick Goerdeler" who've known since 2010 which speaks jailtime to me but of course the big fishies getting filleted ... smallish chance for that. KPMG even dared to ask the EU for tax returns when filing for a bancrupty case in their receivership.
I still do not think the death is faked, I mean you can't fake a death that easily when you own that much money in a bank. When you die you die and there is a funeral and there is a corpse, in order to fake your own death there should be no corpse to begin with and no one should have seen you die at all. We just need to know how this person died and where he was buried or burnt and we need to know the reports from the hospitals on how he died and autopsy reports of his death.
Lets face it if there is only 1 person who seen him die and that is his wife then there is a big chance he faked his own death however if there are multiple people who witnessed his death then we can safely say he is really dead and the company was just not ready for something like this.
Lets face it if there is only 1 person who seen him die and that is his wife then there is a big chance he faked his own death however if there are multiple people who witnessed his death then we can safely say he is really dead and the company was just not ready for something like this.
will, if there is any new emergence coin whatsoever, because I still have one with blockchain tecnology if it gives it a good thing to everyone and has been a good coin if there is a new one, Im really sure that's the best coin and it is a part of bitcoin cryptocurrency and provides good benefits and hoping to make it profitable for everyone.
I am surprised that until now the police or some other institution have not said anything about it. Somewhere, I read that a specialist hired to find these passwords stated that there were no such cold wallets (!!!). Sooner or later we'll find out what the truth is, but it looks like we have to wait. It does not change the fact that the situation is really strange and suspicious.
Seem like many speculation about his death. Some peoples said his death is fake and many believe this theory. The victim always customer that trust their fund on exchanger wallet and some owner just want to take advantages by scamming people fund
I am surprised that until now the police or some other institution have not said anything about it. Somewhere, I read that a specialist hired to find these passwords stated that there were no such cold wallets (!!!). Sooner or later we'll find out what the truth is, but it looks like we have to wait. It does not change the fact that the situation is really strange and suspicious.
We wont really have any choice but to wait up for further updates regarding into this situation either it would be solved or would just remained puzzled about into this incident.I do keep searching for new updates as the time goes by but i doubt this will really takes time until the people here on crypto would tire out to find the truth.
I am surprised that until now the police or some other institution have not said anything about it. Somewhere, I read that a specialist hired to find these passwords stated that there were no such cold wallets (!!!). Sooner or later we'll find out what the truth is, but it looks like we have to wait. It does not change the fact that the situation is really strange and suspicious.
We wont really have any choice but to wait up for further updates regarding into this situation either it would be solved or would just remained puzzled about into this incident.I do keep searching for new updates as the time goes by but i doubt this will really takes time until the people here on crypto would tire out to find the truth.
Unearthing the blockchain revealed new discoveries, https://twitter.com/brian_armstrong/status/1098656491609849856 which is to their own statement "speculation".
Thanks for posting, I missed this one. Some interesting speculation from an unlikely source. I think what he's saying sounds very plausible.
I recommend others read the thread too but here are some key posts:
Quote
We identified clusters that look like QCX's "cold storage", were controlled by a human (manually), and balances were moved out by early 2018
They suffered a multimillion dollar bug in June 2017 (before things went vertical). https://www.reddit.com/r/ethereum/comments/6ettq5/statement_on_quadrigacx_ether_contract_error/ … This is when we start to see movement of funds to "cold storages"
Patterns of sends from cold storage suggest they tried keeping exchange afloat, and maybe attempted to trade their way out of a hole; (again just a guess here)
Liquidity dried out and bear market of 2018 may have caught up with them; Sequence of events suggests this was a mismanagement with later attempt to cover for it.
This implies that at least few people inside Qadriga knew that they were running fractional. If so, then it's possible that untimely death of their CEO was used as an outlet to let the company sink.
They suffered a multimillion dollar bug in June 2017 (before things went vertical). https://www.reddit.com/r/ethereum/comments/6ettq5/statement_on_quadrigacx_ether_contract_error/ … This is when we start to see movement of funds to "cold storages"
Patterns of sends from cold storage suggest they tried keeping exchange afloat, and maybe attempted to trade their way out of a hole; (again just a guess here)
Liquidity dried out and bear market of 2018 may have caught up with them; Sequence of events suggests this was a mismanagement with later attempt to cover for it.
This implies that at least few people inside Qadriga knew that they were running fractional. If so, then it's possible that untimely death of their CEO was used as an outlet to let the company sink.
And a cogent reply from Caitlin Long:
Quote
WOW. If true, it shows again that insolvent financial institutions can stay in biz a long time--until they become illiquid. This is why #proofofkeys is V impt for #crypto & why #Wyoming's law (where #rehypothecation a felony) is also V impt to ensuring solvent #crypto custodians
9 replies 24 retweets 244 likes
9 replies 24 retweets 244 likes
Its really makes me curious about these problems, I don't know how the Term & Condition for their asset management. why only one single people holding the key also the company can be using Multi Signature for maintaining their asset right, to spent some fund need around 3-5 people to confirmed the movement of the asset if we got a problem like this.
The city of Jaipur ,in India is famous for agents who can create fake death certificates..can not prove death until his body is recovered and DNA test is confirmed
Unearthing the blockchain revealed new discoveries, https://twitter.com/brian_armstrong/status/1098656491609849856 which is to their own statement "speculation".
The founding date of Quariga looks interesting, 2013 same year when I got attracted by bitcoin.
Armstrong points at some ETH software trouble in 2017 resulting in lost funds. The accusations of trades using customer funds seem to be unprooven. The still ongoing Bearmarket applied the final death blow, now there I can follow by some glance at my own portfolio. At least, as a privateer, still beein healthy.
I am surprised that until now the police or some other institution have not said anything about it. Somewhere, I read that a specialist hired to find these passwords stated that there were no such cold wallets (!!!). Sooner or later we'll find out what the truth is, but it looks like we have to wait. It does not change the fact that the situation is really strange and suspicious.
yes, the news of Gerald Cotten, quite a stir, many people consider this a game or forgery of death because of his sudden death, but from here we must study in a life of trust that is very expensive in value, and absolute trust is only in ourselves, there is no one we can trust completely. And from here we can conclude the weakness of crypto currency investment is like death, coins can be lost at any time and the worst thing cannot be predicted even for the next second. I am also quite surprised by this news, no matter how sudden his death, there must be a little time for Gerald to tell his wife the key, because it is very important, if everything is dark like this surely the news will develop wildly which raises uncontrolled suspicions
This seems like another Cryptsy to me, but improved. He may have looked at Big Vern's scheme (the CEO of Cryptsy, which left with all of the money to China I think, I forgot about this story) but he took it to the next level and decided to fake his death, in India of all places. The death certificate points to a pretty rare reason to die, usually people don't die from that.
It's just another reminder to keep your keys safe. We just had cryptopia the other day as well. These things will keep happening forever. It's just not possible to have an active trading account in crypto. You have to do your trading, and move funds to your wallet. Daytrading is impossible, just assume it, or assume the risk of full losses if the CEO "dies" or exchange gets "hacked".
It's just another reminder to keep your keys safe. We just had cryptopia the other day as well. These things will keep happening forever. It's just not possible to have an active trading account in crypto. You have to do your trading, and move funds to your wallet. Daytrading is impossible, just assume it, or assume the risk of full losses if the CEO "dies" or exchange gets "hacked".
Cryptsy, Mintpal, some others if we oldbies start to "forgot about this story" how are newcomers supposed to avoid similar traps...
By the way Vern didn't got very far.
Daytrading is doable, still. Usually the shady exchanges pop up early on street rumors. So that's why I am doing monthly forum searches for anything tradeside related, pointing at the small subset that I'm using.
Canadians got fucked because there aren't that many alternatives to be used for their native currency.
There are many things that does not connect in the case...starting from the Will he wrote just 1 month before his death to his death certificate
Now the latest update from E&Y is they have not found any traces of coldwallet .They only found some coins in hot wallet .
Bittrex has informed RCMP (the Canadaian equivalant of FBI) about some transactions/deposits that came from Quadriga exchange wallets after owner'd death
The city of Jaipur ,in India is famous for agents who can create fake death certificates..can not prove death until his body is recovered and DNA test is confirmed
Now the latest update from E&Y is they have not found any traces of coldwallet .They only found some coins in hot wallet .
Bittrex has informed RCMP (the Canadaian equivalant of FBI) about some transactions/deposits that came from Quadriga exchange wallets after owner'd death
The city of Jaipur ,in India is famous for agents who can create fake death certificates..can not prove death until his body is recovered and DNA test is confirmed
Indeed, for this information to be still vague, some people still suspect that this is only a falsehood made for an exit scam from the market. Try to see, someone tried to do an analysis with those wallet
https://twitter.com/tayvano_/status/1092439754849759233
Based on the analysis done i think the CEO death was fake due to some funds movement from one exchange to another a year ago, also, if this is true then, why not him trust his wife with those private keys before he die?.https://twitter.com/tayvano_/status/1092439754849759233
LESSON:: Trust any of your family member with your private key in case death visit without any notice, as per one my wife has my private keys
Indeed, for this information to be still vague, some people still suspect that this is only a falsehood made for an exit scam from the market. Try to see, someone tried to do an analysis with those wallet
https://twitter.com/tayvano_/status/1092439754849759233
Based on the analysis done i think the CEO death was fake due to some funds movement from one exchange to another a year ago, also, if this is true then, why not him trust his wife with those private keys before he die?.https://twitter.com/tayvano_/status/1092439754849759233
LESSON:: Trust any of your family member with your private key in case death visit without any notice, as per one my wife has my private keys
This seems like another Cryptsy to me, but improved. He may have looked at Big Vern's scheme (the CEO of Cryptsy, which left with all of the money to China I think, I forgot about this story) but he took it to the next level and decided to fake his death, in India of all places. The death certificate points to a pretty rare reason to die, usually people don't die from that.
It's just another reminder to keep your keys safe. We just had cryptopia the other day as well. These things will keep happening forever. It's just not possible to have an active trading account in crypto. You have to do your trading, and move funds to your wallet. Daytrading is impossible, just assume it, or assume the risk of full losses if the CEO "dies" or exchange gets "hacked".
It's just another reminder to keep your keys safe. We just had cryptopia the other day as well. These things will keep happening forever. It's just not possible to have an active trading account in crypto. You have to do your trading, and move funds to your wallet. Daytrading is impossible, just assume it, or assume the risk of full losses if the CEO "dies" or exchange gets "hacked".
Yes, exactly, this guy really took it to the next level. Now, we are not only concerns about a hack or some inside job, but the death of the exchange CEO itself, lol, what more can you ask for in its crypto verse?
We should have like a repository here of methods on how to be prepare in this such scenarios, but then again, most of the us doesn't do anything to protect our funds in an exchanges, until it's too late.
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