I lost $500,000 in cryptocurrency after ‘trader died with password’

A 33-year-old man lost his life financial savings after getting concerned with a cryptocurrency dealer who died, taking the password to entry funds to the grave.

Tong Zou is considered one of hundreds of consumers left significantly out of pocket following Gerald ‘Gerry’ Cotten‘s mysterious demise in 2018 on the age of 30.

Zou trusted Quadriga CX, Canada’s largest cryptocurrency change, with C$500,000.

A giant chunk of it was given to him by his dad and mom.

But when co-founder Cotten died throughout a honeymoon in India, the cash was seemingly lost ceaselessly.

The stunning story has been recounted in a brand new Netflix documentary, Trust No One: The Hunt For The Crypto King.

“It just makes me more depressed about it,” Zou instructed Sky News.

“I may have invested it in actual property. I may have put it in shares.

“So far, nothing’s been found. It sucks.”

Quadriga’s accounts are estimated to have held $250 million.

An official investigation concluded that Quadriga was “an old-fashioned fraud wrapped in modern technology”.

Some 76,000 buyers like Zou collectively lost out.

Gerald 'Gerry' Cotten
Gerald ‘Gerry’ Cotten died in 2018, taking password to entry funds with him.
Dimestore Productions / uncover

At first, the now-closed firm allegedly blamed the delay on a authorized situation with a financial institution.

“I kept asking them: Where’s my money? – October, November, December – during all that time,” he mentioned.

“They stored saying it was the lawsuit.

“I couldn’t get any sleep. I simply prayed. I actually prayed it wasn’t a rip-off.

“My dad and mom had been anxious about it too.

“At that point, there was nothing I may do. There was no manner of getting my a reimbursement.

“Once I deposited it, it was basically gone.”

Tong Zou tells his devastating story in new Netflix documentary.
Tong Zou tells his devastating story in new Netflix documentary.
YouTube/Tong Zou

Is Gerald ‘Gerry’ Cotten actually lifeless?

Some speculate that Cotten, who suffered with Crohn’s disease, may really be alive.

He died simply 9 days into his honeymoon on account of an acute abdomen ache.

His spouse Jennifer Robertson mentioned he had promised to create a mechanism that turned the passwords over to her when he died.

She says she by no means obtained the passwords.

Gerald 'Gerry' Cotten
Tong Zou is considered one of hundreds of consumers left significantly out of pocket following Gerald ‘Gerry’ Cotten’s mysterious demise in 2018 on the age of 30.

Zou resorted to the cryptocurrency scheme to keep away from financial institution prices when shifting Vancouver, shifting his cash from the US to a Canadian account.

The 33-year-old has tried to get his a reimbursement in a lawsuit, however hasn’t had any luck as but.

He hopes the Netflix doc will get authorities to “move their asses and do something about it” but in addition to lift consciousness “so it doesn’t happen to other people.”

This story initially appeared on The Sun and was reproduced right here with permission.

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