Cryptocurrencies
Quadriga CEO’s Widow to Return $9 Million of Estate Assets
- Jennifer Robertson says voluntary settlement was reached
- Assets being returned are a fraction of customer claims
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The widow of the founder of shuttered cryptocurrency exchange QuadrigaCX is returning about C$12 million ($9 million) of assets from his estate to the company as part of a voluntary settlement.
Quadriga Fintech Solutions Corp. shut down in January following the death of founder and Chief Executive Officer Gerald Cotten, leaving some 115,000 customers out of pocket for about C$260 million in cryptocurrencies and cash. His wife, Jennifer Robertson, has been dealing with the firm’s fallout ever since through a court-appointed creditor protection and bankruptcy process.