The widow of QuadrigaCX founder Gerald Cotten, Jennifer Robertson, is handing over $9 million in assets to the users of the now-defunct crypto exchange.
Robertson returns most of her assets
On Oct. 7, Jennifer Robertson announced in a personal statement, posted by Coindesk, that she would be transferring the vast majority of estate assets — previously valued around $9 million — to EY Canada. The Big Four audit firm acted as the bankruptcy trustee of QuadrigaCX during its insolvency hearings. Robertson stated:
“I have now entered into a voluntary settlement agreement where the vast majority of my assets and all of the Estate’s assets are being returned to QCX to benefit the Affected Users.”
In her statement, Robertson said she is entering into a voluntary settlement agreement, returning most of her assets and all of the estate’s assets to QuadrigaCX’s trustee and financial victims.
Robertson explains that she was under the impression that her assets were all purchased with her husband’s legitimately earned profits, salary and dividends, adding:
“I was upset and disappointed with Gerry’s activities as uncovered by the investigation, when I first learned of them, and continue to be as we conclude this settlement.”
Canada Revenue Agency Audits QuadrigaCX’s
Cointelegraph reported in September that QuadrigaCX is being audited by the Canada Revenue Agency, the country’s tax authority, which has requested the tax returns from Oct. 1, 2015, to Sept. 30, 2018.
Over the past year, the exchange has been engaged in a lengthy court case with the exchange’s creditors, some of whom have speculated wildly as to the fate of the lost cryptocurrency, with some wondering whether Cotten is even dead.