Widow of QuadrigaCX Exchange Founder Assigns $ 9 Million Assets to EY Canada

The widow of QuadrigaCX founder Gerald Cotten will transfer $ 9 million worth of assets to Ernst & Young (EY) Canada to compensate for the losses to injured creditors.

“We have agreed that I will transfer the lion’s share of my assets received from QuadrigaCX to EY Canada to compensate for the losses to affected users,” said Jennifer Robertson.

The voluntary agreement signed by Robertson is currently pending approval in court. EY Canada plans to sell the assets that will be received from the widow of the founder of the exchange and use these funds to settle accounts with creditors.

According to EY Canada, after the transfer of the specified amount, Robertson will have $ 162,700 in personal assets, including cash and retirement savings, a 2015 jeep, some jewelry and other property.

The widow of the founder of QuadrigaCX claims that she did not know about the operating activities of the exchange, in particular about mixing user funds with the assets of the trading platform.

“I did not know that Jerry could use user funds for personal purposes or for trading,” she said.

QuadrigaCX ceased to exist earlier this year after Robertson and other company affiliates realized that they did not have access to cold wallets, which contain the bulk of cryptocurrency assets. However, the subsequent EY investigation called into question the fact that there were any assets at all at the disposal of the exchange at the time of Cotten’s death.