Indian Hospital Provides Details of QuadrigaCX CEO’s Death

Fortis Escorts has released details about the death of Gerald Cotten, the CEO of cryptocurrency exchange QuadrigaCX. Fortis Escorts is a private hospital in the Indian city of Jaipur.

The hospital said that Cotten was admitted on December 8 last year at 9:45 p.m. and died the following day at around 7:26 p.m. due to cardiac arrest.

Previously, there are two documents released already regarding Cotten’s death. One is a statement of death from J.A. Snow Funeral Home and another one is a death certificate from the Government of Rajasthan’s Directorate of Economics and Statistics. Both documents show that Cotten died on December 9, 2018, in Jaipur, India.

According to the statement from Fortis Escorts, Cotten was brought to the hospital in a “critical condition” with “pre-existing Crohn’s disease and was on monoclonal antibody therapy every 8th week.” Cotten suffered from septic shock and other several issues relating to his condition upon admission.

“On 9th December, 2018, the patient suffered a cardiac arrest but was revived by CPR. The patient heart condition continued to deteriorate and the patient suffered a second cardiac arrest at 6:30 p.m.,” the hospital’s statement reads, adding that: 

“Despite the best efforts of our clinicians the patient could not be revived and was declared dead approximately at 7:26 pm. All standard medical procedures and guidelines were followed to treat the patient. The information of his death was communicated to the relevant authorities.”

The controversial death of Cotten is surrounded by rumors and speculations. QuadrigaCX went offline last week with millions of debt to its customers because the CEO had the sole access to its funds.

Jennifer Robertson, Cotten’s wife, said in a sworn affidavit with the Nova Scotia Supreme Court on January 31 that QuadrigaCX owes its clients around $190 million in both fiat and cryptocurrency.

The exchange, however, has already sought creditor protection in the court. In fact, a Supreme Court judge granted the application and gave the exchange a 30-day stay of proceedings to attempt and retrieve any digital currencies to be able to reimburse its customers.