Widow of QuadrigaCX’s founder to pay up $9M in reparation
|- Jennifer Robertson will be paying $9M worth of assets to EY Canada.
- This settlement is pending approval from a judge.
Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, announced in a statement that she is going to pay $9 million worth of assets to EY Canada. The auditing company was court-appointed as a bankruptcy trustee for the now-defunct crypto exchange. As per CoinDesk, the Exchange went under after Robertson and the other Quadriga-affiliated entities revealed that they didn’t have access to the company’s cold wallets. The current settlement is pending approval from a judge.
Robertson said in her statement:
"Following the sudden and unexpected death of my husband, Gerald (Gerry) Cotten, I made every effort to assist in the recovery of QuadrigaCX assets for the benefit of Affected Users. Using money I then thought was properly mine, I provided the initial funding necessary to enable the CCAA process and agreed to act as a director of the Companies so that the CCAA process could proceed.
Since the initiation of the CCAA proceeding, and as outlined in the Monitor/Trustee ’s reports, I have been responsive, helpful and cooperative with the Monitor/Trustee in the search for and recovery of cryptocurrency and other QCX assets. In April, I voluntarily committed to preserving the assets of my late husband’s estate and my own personal assets to ensure future protection for the Affected Users should that be required.”
Robertson is also due to provide a statement detailing the assets she presently owns, or the estate had owned over the past five years as part of this settlement. If she fails to reveal any of the details, the agreement will be voided.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.