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QuadrigaCX Story Gets New Twist as Obtained Documents Reveal Dead CEO’s Wife Tried to Hide Luxury Properties from Creditors

  • Alex Morris
    📰 News

    Legal experts agree that the way Jennifer Robertson handled her million-dollar properties is atypical and suspicious


QuadrigaCX Story Gets New Twist as Obtained Documents Reveal Dead CEO’s Wife Tried to Hide Luxury Properties from Creditors
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On Feb. 5, The Chronicle Herald, a major Canadian news outlet, published a report about obtained documents related to the QuadrigaCX case. It appears that Jennifer Robertson, the widowed wife of QuadrigaCX CEO Gerald Cotten, is actively trying to shield her properties from creditors, and lawyers call the move ‘suspicious.’

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Four Nova Scotia properties

Robertson is the sole executor of Cotten’s will, which was signed off just days before his sudden death in India that has been since called into question. After taking out collateral mortgages on all four properties, she then transferred at least two of them to the Seaglass Trust on Jan. 30. According to law expert Daren Baxter, who works for McInnes Cooper, such a move would help protect her properties from creditors, but he also mentions that there are ‘legal avenues’ that they can take in order to gain access to her assets.


They won’t get her

Paul Trudelle, a representative of Hull & Hull law firm, claims that creditors would have a hard time going after Robertson personally. As a rule, directors or shareholders remain untouchable unless a certain company turns out to be an outright scam. Trudelle, however, admits that transferring properties to a trust fund is very unusual, which raises suspicions.

On Feb. 5, the embattled exchange obtained a 30-day-long reprieve from creditors. As the hunt for the $260 mln continues, the story has many crypto enthusiasts, including Kraken CEO Jesse Powell, questioning the veracity of their original claims.

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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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