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QuadrigaCX CEO’s Last Hours Details Publicized by Indian Hospital

  • Yuri Molchan
    📰 News

    A private medical company located in India has shared details of how the QuadrigaCX CEO died two months ago, recently receiving wide media coverage


QuadrigaCX CEO’s Last Hours Details Publicized by Indian Hospital
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Contents

Gerald Cotten, the head of the popular Canada-based platform QuadrigaCX, passed away in Janipur, India in a private medical institution, Fortis Escorts. The statement made by the hospital mentions that the CEO was transferred to Fortis Escorts on December 8. His death took place due to cardiac failure on the night of December 9.

Death officially confirmed

His death was confirmed by two papers issued separately by two different organizations: a funeral home and the local government agency in the city of Rajasthan, where Cotten died.


How it happened

The crypto CEO arrived to the hospital in a bad state and was diagnosed with Crohn’s illness. He had been taking antibodies for a while already, as per the staff at Fortis Escorts. When he was admitted, Cotten was having septic shock along with other serious consequences of his difficult health state.

On December 9, Cotten had cardiac failure, but he was revived using cardiopulmonary resuscitation. However, the state of his heart kept going worse. He did not survive the second cardiac arrest.

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Consequences of Cotten’s passing away

The man’s death has brought up numerous rumours regarding the QuadrigaCX platform.

Earlier, U.Today reported that it ceased its online presence last week and left thousands of its clients with no funds, since the deceased CEO was the only person able to access the crypto wallets with customer assets.

It has been calculated that the exchange owes its customers around $190 mln in fiat and crypto.

Earlier this week, the court gave the QuadrigaCX management team a month so they can try and find resources to reimburse the customers of the exchange by finding passwords to the wallets.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
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