Gerald Cotton the founder of Crypto Currency exchange Quadriga CX passed away during a tour in India. He had filed a will just twelve days before his demise; however the will did not contain the security details to access the Bitcoins of $145 million in value and other digital assets.
In the will all his assets have been transferred to his wife Jennifer Robertson. Nova Scotia Supreme Court has granted Quadriga a 30 day stay in an attempt to stop any lawsuits from proceeding against the company during this time.
However this leaves quite a few individuals who are owed about $70 million stranded. This includes a Xitong Zou of Orillia, Ontario, who is the owed about $ 430000.
He has formed an informal committee with other clients who have acquired the services of law firm Bennett Jones LLP and McInnes Cooper to represent them during the creditor protection proceedings.