What Was Gerald Cotten Net Worth Before His Death?

What was Gerald Cotten Net Worth Before his Death? Well, this is the question that is causing people’s minds to whirl these days. So, let’s delve a little more deeper into this man’s background to learn more about who he is and how he amassed his fortune. So, until his untimely death, Gerald Cotten’s company, QuadrigaCX, was Canada’s go-to cryptocurrency trading platform. The young entrepreneur was out to have a lot of secrets and a shady past. ‘Trust No One: The Hunt for the Crypto King,’ a well-known Netflix original film, explores the circumstances surrounding Gerry’s untimely death and what happened to the money clients had on his platform. Before that, Gerry had acquired a sizable fortune and was regarded as the leader of a successful business. So, if you’re curious about his net worth, here’s what we discovered.

How Did Gerald Cotten Earn His Money?

Gerry grew up in Belleville, Ontario, Canada, where he was born in May 1988. He was always fascinated by technology and digital finance, and went on to study business at York University’s Schulich School of Business in Toronto, Ontario. Gerry graduated in 2010 and co-founded QuadrigaCX with Michael Patryn just three years later. Gerald was already a well-known figure in the cryptocurrency field at the time, having served as the director of the Vancouver Bitcoin Co-Op in British Columbia, Canada.

“It was merely a matter of building up an exchange and then combining that with everything that I had previously built up in that sort of business,” Gerry said of launching the platform. We had a lot of clients very away because there were so few possibilities in Canada.” QuadrigaCX was not a profitable venture at first. The company only made a little over $22,000 in revenue over a three-month period that concluded on January 31, 2015, with a net loss of roughly $90,000.

QuadrigaCX’s fortunes turned around in 2017 as the value of Bitcoin skyrocketed. Approximately $1.2 billion in Bitcoin was traded on the site that year, with QuadrigaCX earning a cut of the profits. QuadrigaCX was run completely by Gerry at the time, either from his home in Nova Scotia, Canada, or wherever he was travelling. Gerry had acquired several houses in Canada over the years, as well as a sailboat, a jet, and an island. In 2018, he married Jennifer Robertson, and the two spent much of the year travelling to exotic destinations.

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In the same year, however, Bitcoin’s value began to fall, and the corporation ran into liquidity troubles, with the giant Canadian Imperial Bank of Commerce freezing over $26 million in assets. Gerry died unexpectedly in India in December 2018 as a result of Crohn’s illness complications. But his death spawned a whole new set of issues, with no one other than Gerry understanding how to access the platform’s millions of dollars. An examination discovered that Gerry ran the company as a one-man show with no accounting system or bank account. Finally, Gerry bet on the value of bitcoin and conducted multiple fraudulent transactions with the money of his customers. Gerry also signed over $9.6 million in property and assets to Jennifer before his death.

Gerald Cotten Net Worth Before his Death:

Gerald Cotten net worth was estimated to be around $80 million before his death, based on the value of Gerald’s property and assets. Gerald was considered one of the richest people in the world crypto, and also his company was at its top level. However, it was eventually discovered that he had transferred all of his belongings to his better-half before his death. Cotten was technically insolvent at the time of his death as there was nothing in his name. Gerald was, nonetheless, a wealthy man with a great deal of fortune. And, if the rumours about him taking all of his customers’ money are true, then now Gerald has about $250 million in his possession. Despite all the fact that conspiracy theories are just that, and there is no proof to back them up, audience are still blaming and supporting them.

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