QuadrigaCX / Gerald Cotten

2013-11-01

QuadrigaCX (Quadriga Fintech Solutions) founded in Vancouver by Gerald Cotten and Michael Patryn.

2014-01-01

Exchange installs second Bitcoin ATM in Vancouver; C$7.4 million in bitcoin exchanged through the year.

2017-01-01

QuadrigaCX processes C$1.2 billion in trades; also loses approximately US$14 million in Ethereum due to a smart contract error.

2018-01-01

CIBC freezes approximately C$28 million in QuadrigaCX funds held by payment processor Costodian Inc., citing inability to identify the beneficial owner.

2018-04-01

Blockchain analysts later determine that QuadrigaCX's supposed cold wallets were drained around this date — eight months before Cotten's reported death.

2018-11-27

Gerald Cotten signs his last will and testament, naming wife Jennifer Robertson as sole beneficiary and executor of a C$9.6 million estate — 12 days before his death.

2018-12-08

Gerald Cotten is admitted to Fortis Escorts Hospital in Jaipur, India in critical condition.

2018-12-09

Gerald Cotten declared dead at Fortis Escorts Hospital, Jaipur, India at approximately 7:26 p.m. IST, officially of septic shock and Crohn's disease complications. No autopsy performed.

2019-01-14

QuadrigaCX publicly announces Cotten's death and the inaccessibility of approximately C$190 million in customer assets.

2019-01-31

QuadrigaCX applies for creditor protection under the CCAA in Nova Scotia.

2019-02-05

Nova Scotia court grants CCAA protection; Ernst & Young appointed as independent monitor.

2019-03-01

Ernst & Young confirms QuadrigaCX cold wallets are empty; no cryptocurrency found in designated storage.

2019-04-15

QuadrigaCX formally assigned into bankruptcy under the Bankruptcy and Insolvency Act.

2019-10-08

Jennifer Robertson settles with Ernst & Young, forfeiting approximately C$12 million in assets including properties, a yacht, an aircraft, and luxury vehicles.

2019-12-13

Law firm Miller Thomson formally requests RCMP exhume and autopsy Gerald Cotten's remains to verify his death.

2020-06-11

Ontario Securities Commission publishes its investigative report concluding QuadrigaCX was a Ponzi scheme and that Cotten committed fraud totaling approximately C$169 million against 76,000 investors.

2022-01-01

QuadrigaCX co-founder Michael Patryn (Omar Dhanani) identified as '0xSifu,' treasury manager of DeFi protocol Wonderland, triggering that project's collapse.

2022-03-30

Netflix documentary 'Trust No One: The Hunt for the Crypto King' released, garnering over 12 million viewing hours in its first week.

2022-12-01

Approximately 104 BTC linked to QuadrigaCX wallets move for the first time in three years; Chainalysis reports funds sent to Wasabi mixer, apparently not by Ernst & Young.

2023-05-12

Ernst & Young announces first interim dividend: creditors to receive approximately 13 cents per dollar, totaling C$39.5 million distributed from 17,600+ proven claims.