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QuadrigaCX CEO’s Widow Wants to Distance Herself from Company by Asking Court to Name Restructuring Officer

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Tue, 26/02/2019 - 17:13
QuadrigaCX CEO’s Widow Wants to Distance Herself from Company by Asking Court to Name Restructuring Officer
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Jennifer Robertson, the wife of QuadrigaCX’s dead CEO Gerald Cotten, claims that she has received a lot of unwanted online attention. Therefore, she asked the Supreme Court of Nova Scotia to appoint a chief restructuring officer (CRO) in order to get out of the limelight.

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Avoiding ‘unwanted attention’

Despite damning ‘online commentary’, Robertson emphasizes that she doesn’t have access to the assets that belong to QuadrigaCX customers. After the alleged death of her husband, which was put into question by multiple media outlets, she and Tom Beazley are currently in charge of the company. Due to the fact that neither of them is knowledgeable enough about the cryptocurrency industry, she brought the motion before the court to appoint Grant Thornton’s Peter Wedlake as CRO.

A pointless decision?

A quick look at r/QuadrigaCX shows that those who have skin in the game are not amused by the move. The thing is, there is no point in hiring a CRO if there are no funds left. Ernst & Young, which is responsible for the company’s financial dealing, hasn’t announced the wallet addresses, so it’s not clear whether $200 mln worth of crypto is still in the game or if there is a need for a criminal investigation.

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