Unless you’ve been living under a rock the past few months, you will have heard about the QuadrigaCX exchange which lost its co-founder at the end of last year due to complications with Crohn’s disease. Gerald Cotten's death left a lot of people unable to access their funds leaving most of them scared that they wouldn’t see them again.
It seems that now the multiple criminal investigative agencies within the US are looking into the circumstances of the now-defunct Canadian crypto exchange.
A press release published earlier this week showed the Federal Bureau Investigation (FBI) are on the Quadriga case now, investigating the exchange, which filed for bankruptcy following the death of Cotten.
The FBI have published a questionnaire for victims, asking for personally identifying information, contact information and details about their QuadrigaCX accounts.
The press release says:
“If you have questions or concerns about your QuadrigaCX account, or if you believe you are a victim, please complete the below questionnaire. Your responses are voluntary but would be useful in the federal investigation and to identify you as a potential victim. Based on the responses provided, you may be contacted by the FBI and asked to provide additional information.”
Both the Bureau and IRS are legally required to provide victims of federal crimes with information, assistance and other resources.
The FBI has allegedly investigating Quadriga since at least March this year.
According to his widow Jennifer Robertson, it was during a charity trip to India in December 2018 when Cotten suddenly died. But a month later, the exchange filed for creditor protection with help from the professional services firm Ernst and Young acting as the court-appointed monitor for the exchange. Even though the exchange was said to be holding around $135 million in cryptocurrencies, EY hasn’t been able to locate any of its holdings.
Last month, EY said the exchange had $21 million in assets but could owe customers as much as $160 million.