QuadrigaCX: Gerald Cotten was associated with Liberty Reserve money laundering scheme, report suggests

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April 11 2019

In yet another chapter in the QuadrigaCX episode, it has been revealed that QuadrigaCX’s late Co-founder, Gerald Cotten, was associated with Liberty Reserve, a centralized digital currency that was shut down by the United States’ law enforcement, back in 2013.

Cotten’s name has popped up with Michael Patryn, who laid down the foundation of an organization called Midas Gold which acted as an intermediary for Liberty Reserve’s cryptocurrency. The latest development comes a day after QuadrigaCX officially filed for bankruptcy after its losses, an appeal that was approved by the Nova Scotia Supreme Court Justice Michael Wood.