Indy media starting to admit Adams was right: Crypto industry “riddled with con artists, scammers and fraud”
02/10/2019 // Ethan Huff // Views

A Canadian cryptocurrency exchange is reportedly filing for bankruptcy following the highly questionable "death" of its CEO and corresponding "loss" of nearly $200 million worth of customers' crypto assets, once again raising the question: Is there anything legitimate going on in the crypto world that isn't a total scam?

QuadrigaCX, which had been Canada's largest cryptocurrency exchange prior to its sudden collapse, was seemingly a trustworthy storehouse of its customers' crypto wallets – its CEO, Gerry Cotten, also a seeming humanitarian who, prior to his alleged "passing away," was supposedly traveling in India where he was "opening an orphanage to provide a home and safe refuge for children in need."

But many are asking serious and pertinent questions following the news that Cotten was allegedly the only person at QuadrigaCX who possessed the "keys" to the company's crypto wallets, and that he somehow failed to share these keys with anyone else – even though he knew he was sick.

The official story is that Cotten let out his final breath after suffering "complications" associated with his "Crohn's disease," and that remaining employees at QuadrigaCX have had "no luck" gaining access to the hundreds of millions of dollars' worth of crypto coins that are now supposedly inaccessible by anyone.

"Since his death, 115,000 customers of the exchange have been struggling with Mt. Gox-style 'liquidity issues' as those trying to withdraw their funds have suddenly found it extremely difficult – if not impossible – to do so successfully," explains


"Finally, on Thursday, Quadriga's board released a statement announcing that it would be filing for bankruptcy protection. In the statement, the company said the filing was prompted by an inability 'to locate and secure our very significant cryptocurrency reserves held in cold wallets.'"

For more related news, be sure to check out

Is Cotten still alive in some other country living the high life with his 115,000 customers' stolen crypto assets?

So-called "hot" wallets are where crypto traders store their liquid crypto assets, while "cold storage" wallets function as long-term investment vaults – and it's these cold storage wallets that are said to be completely inaccessible now that Cotten is "dead."

But a real conspiracy angle comes into play when you consider the fact that what supposedly transpired with all of this is a bit too convenient for Quadriga's former owner and possibly other company executives, who very likely made off like bandits with their customers' money.

During a recent hearing before a Canadian Judge, Cotten's widow explained that her "deceased" husband had "sole responsibility for handling the funds and coins," which can't be proven – but that just so happens to allow for others, including Cotten if he's still alive, to access and steal the funds without ever being identified or traced.

Assuming Cotten really did die from complications related to Crohn's disease, it further makes little sense that he wouldn't have shared the crypto keys with at least one other person in the event that his health suddenly took a nosedive.

"On Quad's website they write they can't locate or access their cold wallets. The unstated suggestion is that the private keys were lost when the CEO died," a Reddit user contemplated.

"But that CEO wasn't hit by a car. Allegedly he died from 'complications related to Chron's Disease.' So while he was on his deathbed for all that time, he didn't once think to tell someone the private keys? Highly unlikely," this user added.

"I'd also love to know the name of the 'orphanage' he was supposedly building in India, and / or the name of even one independent witness who saw him building it."

Meanwhile, the mainstream media has continued to prop up the crypto scam, including the ever-popular Bitcoin, perpetuating the illusion that crypto assets are safe and a legitimate safe harbor for long-term wealth storage.

Read to stay informed about the ongoing collapse of Bitcoin.

Sources for this article include:

Take Action:
Support Natural News by linking to this article from your website.
Permalink to this article:
Embed article link:
Reprinting this article:
Non-commercial use is permitted with credit to (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.
App Store
Android App
eTrust Pro Certified

This site is part of the Natural News Network © 2022 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
Natural News uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.