By Canadian Press

Widow of QuadrigaCX CEO calls for appointment of chief restructuring officer

Feb 26, 2019 | 3:01 PM

HALIFAX — The widow of QuadrigaCX CEO Gerald Cotten says a chief restructuring officer should be appointed to oversee what remains of the insolvent cryptocurrency trading platform, saying her role as director has drawn unwanted online commentary suggesting she is trying to hide assets.

In a second affidavit submitted to Nova Scotia Supreme Court, Jennifer Robertson also says that a 30-day stay of proceedings that has protected the company from lawsuits should be extended.

Cotten, the company’s 30-year-old CEO and sole director, was travelling in India on Dec. 9 when he died from complications caused by Crohn’s disease.

When his death was announced more than a month later, court documents revealed he was the only QuadrigaCX employee who knew the pass codes required to gain access to $190 million in Bitcoins and other cryptocurrencies.

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As well, the company admitted 115,000 users were owed another $70 million in cash, much of which is tied up in bank drafts held by payment processors.

Robertson, who was granted all of Cotten’s assets in his will, says a chief restructuring officer is needed to take over for her and another director because they have no significant experience in the cryptocurrency industry.

The Canadian Press