The piece-by-piece dismantling of the bolivars by those choosing to donate crypto is meant to represent a new beginning made possible by a new form of money not controlled by any one authority.
Evidence — some hard, some soft — is piling up to suggest that there’s something amiss in the aftermath of the death of Gerald Cotten, CEO of Canadian cryptocurrency exchange QuadrigaCX.
Justice Wood has given Miller Thompson and Cox & Palmer, a joint counsel of two firms, the bid to represent claimants who have lost funds to the defunct crypto exchange.
Jennifer Robertson has been selling assets of the late Gerald Cotten's estate, and she's allegedly shuffled some of these assets into a trust for legal protections.
During the session, the Honorable Justice Michael Wood heard testimonies from the four law firms that creditors have turned to for counsel as they seek recovery of funds from the troubled Canadian bitcoin exchange.
Emails suggest that some clients of QuadrigaCX may have received deposits from entities associated with Jennifer Robertson, despite sworn claims that she had nothing to do with the exchange's operations prior to her husband's death.
The court document states, “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately $468,675 to Quadriga cold wallets which the Company is currently unable to access.”
Two pension plans from Fairfax County, Virginia, the $1.43 billion Police Officer’s Retirement System and the $3.9 billion Employee’s Retirement System, were the lead investors.
The experiment has been making an impression on the bitcoin community; so far, Andreas Antonopoulos has been in on it, as has Twitter co-founder Jack Dorsey who took up the flame from Matt Odell.
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