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Edit - This is a conspiracy theory but it doesn’t mean it’s totally crazy - there is a good chance this “dead” CEO is still alive. Very shortly before his deat
by seibelj 8y ago
Edit - This is a conspiracy theory but it doesn’t mean it’s totally crazy - there is a good chance this “dead” CEO is still alive.
Very shortly before his death he got his affairs in order and flew to India. Then it’s reported he died along with a death certificate from India. Now they can’t find $200mil in crypto and are not reporting the cold storage addresses.
Would not surprise me if there has been massive fraud here, whether the CEO is alive or not. Everything is too convenient.
If you want to read posts from many sad and pissed off people, their subreddit is full of them https://www.reddit.com/r/QuadrigaCX https://www.reddit.com/r/QuadrigaCX
- seizethecheese 8y agoWell, it is a conspiracy theory, but not all conspiracy theories are wrong...
- warent 8y agoWell strictly speaking it is a conspiracy theory but not an unreasonable one.
- gammateam 8y agoYes the exchange participating in not disclosing cold storage addresses would make it a conspiracy
- mrtnmcc 8y agoCold storage addresses.. you mean the morgue?
- seibelj 8y agoI know this is meant as humor, but if they reported the public cold storage addresses then analysis could be done on movements and timelines. I’m quite confident the lawyers will get to the bottom of this.
- faead_ 8y agoYou realize that all bitcoin transactions can be tracked. People have sent BTC from their wallets to Quadriga, it should be trivial to find the cold wallet address. Should be easy for anyone who understands blockchain forensics.
- whoisjuan 8y agoAlso, to feed the conspiracy theory that this is a fraud: They are claiming he died from Chron’s disease which is highly unlikely. It seems like a plausible deniability move. He probably has Chron’s disease and that can be easily proven through his medical history. Also is easier to tie that, to a story in which he couldn’t get the right treatment for his Chron’s disease complications abroad.
- covercash 8y agoDying from complications related to Crohn’s is not out of the question, especially in places that don’t always have the best health care.
- raverbashing 8y agoI'm sure there's good health care there for people who can afford it
- n_t 8y agohttps://en.wikipedia.org/wiki/Medical_tourism_in_India https://en.wikipedia.org/wiki/Medical_tourism_in_India "India is cost-effectiveness, and treatment from accredited facilities at par with developed countries at much lower cost."
- Scoundreller 8y agoBut will a Canadian that’s unfamiliar with the country be able to find it? (Serious question, I have no idea what the answer is).
- me551ah 8y agoIt's really easy to find hospitals in India, just google 'hospitals around me' or use the phone number '102' to call an ambulance from any place. Usually, doctors are very comfortable talking in English. I'm from India and most of my conversations with doctors happen in English.
- 8y ago
- sidyapa 8y agoI am from India and trust me, finding a public toilet is more difficult than faking a death certificate
- techslave 8y agowait. so is that easy or hard?
- lurkertroll 8y agoI am also confused
- ekianjo 8y agoCan you easily buy a new identity and passport though?
- guardiangod 8y agoI guess with $200 million untraceable money you can afford to buy an identity of a dead Indian.
- creatornator 8y agoI would think since every transaction is recorded on the blockchain, and he is the only one with the keys, any activity involving those BTC would raise a red flag.
- rmtech 8y agoBut suppose that some time from now someone moves all that BTC into a different cryptocurrency, potentially via automated services like shapeshift. What happens? How do people punish him?
- ssvss 8y agoDeath certificate is issued by local authorities, so easier to bribe. But valid Passport will be hard to get.
- vit05 8y agoGood to add that they were having some liquidity problems before his death. The trip to India was supposed to open an orphanage. This orphanage was built by an organization that accepts large donations for specific buildings such as orphanages or water wells. For an orphanage, it costs $ 50,000. It did not seem to me, when visiting this organization's website, that they have full transparency about these negotiations and these expenses. And so far they have not released addresses for cold wallets. Okay, he had the private key. But public keys would have to be known by the system.
- Dave_TRS 8y agohttp://dayssinceacryptocurrencyexchangehaslostmorethan100million.com/ http://dayssinceacryptocurrencyexchangehaslostmorethan100mil...
- bouncycastle 8y agoWait... What the??? Quote "BitGrail lost $170 million worth of Nano XRB tokens because... the checks for whether you had a sufficient balance to withdraw were only implemented as client-side JavaScript "
- londons_explore 8y ago"top men"
- tyingq 8y agoI remember a number of early e-commerce sites that put item prices in HTML forms. So craft your own POST, and name your own price.
- mtmail 8y agoRecently seen the price listed/editable in the URL on a checkout form page.
- bouncycastle 8y agoYes, seen this once before, where the shipping price was calculated client side, then sent to the server with no validation. You could craft a request with a negative value and get the price down to a cent for the entire cart! At least in e-commerce, you can always send an email to the customer explaining the mistake, and cancel the order...
- nopriorarrests 8y agohilarious!
- quickthrower2 8y agoKudos. It's harder to lose $100m these days as when Bitcoin was at peak price.
- tossaccount123 8y agopeople have done crazier things for less money Fake your death, get some plastic surgery done, enjoy life with those $200 million dollars
- FabHK 8y agoReminds me of drug trafficker "Lord of the Skies" Amado Carrillo Fuentes, who underwent plastic surgery, but died after the 8 hour procedure. The doctors were later found in concrete filled oil drums along a highway, with signs of torture to boot. https://en.wikipedia.org/wiki/Amado_Carrillo_Fuentes https://en.wikipedia.org/wiki/Amado_Carrillo_Fuentes http://edition.cnn.com/WORLD/9711/06/mexico.doctor/index.html http://edition.cnn.com/WORLD/9711/06/mexico.doctor/index.htm... Another one: https://www.radionz.co.nz/news/world/343092/mexican-gang-boss-killed-during-plastic-surgery https://www.radionz.co.nz/news/world/343092/mexican-gang-bos...
- thisisit 8y agoA viable one at that. Many NGOs in India are actually sketchy business operations. I am no expert but Indian laws are very strict when it comes to foreign money transactions. The law behind is called the Foreign Contribution (Regulation) Act, 2010. Everyone taking in foreign contributions need to register and file the amount of dollars flowing in. I tried searching for the NGO on the FCRA website: https://fcraonline.nic.in/fc8_statewise.aspx https://fcraonline.nic.in/fc8_statewise.aspx in state of Andhra Pradesh and got nothing.
- tiuPapa 8y agoNot true. Things have improved vastly in the health administration sector, especially when it comes to records. Corruption is indeed rampant but I think most Indians themselves have a very Bollywood-y idea about how things happen outside of their circle. So for a foreign official, outright faking it would be tough, until its somewhere deep in the rural parts (with little connection to the outside world). I think its more plausible that he committed suicide and the records are being altered, not faked. Source: I have family working in this sector. Shit is difficult, especially if you are a foreign personal.
- sho 8y agoI'm sure they have improved greatly, which is wonderful, but it's still India, as you admit yourself: > Corruption is indeed rampant Are you seriously claiming you couldn't get a fake record in India for USD$1m? or even USD$100k? That is a lot of money for a doctor in India. I have a trouble believing it would be all that hard. It was probably all organised before he even got on the plane.
- londons_explore 8y agoHe could perhaps have been having trouble with his Chrones disease, so he got his affairs in order and went to India for potentially risky and expensive treatment, which didn't go well.
- hndamien 8y agoAnd the motivation for getting the affairs in order didn’t motivate including private key management in the affairs. There is zero chance this is not a scam exit.
- tyingq 8y agoOne comment in that thread stands out: "Who writes a will two weeks before their death but doesn't create a backup plan for the wallets that hold other people's funds?"
- justboxing 8y ago> Very shortly before his death he got his affairs in order and flew to India. This is a huge red flag. It's really easy to get fake IDs, passports, marriage certificates, death certificates, driver's licenses[1] etc in India, if you grease the right hands. and it's not even that much in USD. We are talking a couple of 100 bucks ( USD ) for a new passport with a new name and far less for other things. [1] Source: Me. I) had to bribe a DMV officer about 200 Rs ( 4 USD back then in 1999) to get my Driver's License , so I can drive in US. I had to do this cos I was leaving in 3 days and I'd landed a job the previous week ( Had my H1-B ready to go). I didn't even go to the DMV. He delivered the "International Drivers Permit" drivers license right to my door in 2 days.
- Gustomaximus 8y agoAdd to this: "Mr. Cotten was diligent in other areas of his life. He signed a will on Nov. 27, less than two weeks before he died." If that his first will, either he knew he was so ill this was a chance or another red flag.
- amrx431 8y agoIndian here. Its very easy to get a death certificate. Local newspapers do funny stings where they have got birth certificates and death certificates made of international personalities. Most funny was those of Zarqawi and Bin Laden.