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Investment

Crypto trader dies holding password to $500,000 client’s investment

A man in the UK has reportedly lost his life savings after getting involved with a cryptocurrency trader who died, taking the password to access invested funds to the grave.

The shocking story is now being re-enacted in a new Netflix documentary, Trust No One: The Hunt For The Crypto King.

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

Most people speculated that Cotten, who suffered from Crohn’s disease, might actually be alive. He died just nine days into his honeymoon due to an acute stomach ache.

His wife Jennifer Robertson said he had promised to create a mechanism that turned the passwords over to her when he died. However, She claims she never received the passwords.

Tong Zou is one of the thousands of customers left seriously out of pocket following Gerald ‘Gerry’ Cotten‘s mysterious death in 2018 at the age of 30.

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Zou trusted Quadriga CX, Canada’s largest cryptocurrency exchange, with C$500,000. A large portion of the said amount was given to him by his parents. However, when co-founder Cotten died during a honeymoon in India, the money was seemingly lost forever.

Zou resorted to the cryptocurrency scheme to avoid bank charges when moving to Vancouver, shifting his money from the US to a Canadian account.

The 33-year-old has attempted to get his money back in a lawsuit but hasn’t had any luck as yet.

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

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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