The mysterious ‘Crypto King’ who stole $215 million in bitcoin and wound up dead
about the unreliability of the crypto universe, where digital money affords the promise of untold wealth, regardless of the fact that it only exists online, and is guaranteed by individuals and outfits who have little obligation to behave on the up and up. To be sure, some have made a mint trading in this arena, but as proven by the story of Cotten and his victims, the crypto markets are also a potential trap set by crooks looking to fleece true believers out of their legitimate cash.
Cotten established QuadrigaCX in 2013, and to those who came to know and work with him, he seemed to be a fun-loving geek with a perpetual smile on his face and a real passion for the emerging crypto industry. Social media videos of Cotten flying drones, lighting walnuts on fire, and generally acting like an average twentysomething dork underscore this characterization.
Zou took out $85,000 in loans to invest in crypto, but when things went south in 2017, he found himself under water. In order to escape his newfound debt, he sold his San Francisco apartment and then transferred his remaining $400,000 in savings from America to Canada via QuadrigaCX. When he tried to access those funds, however, he was denied—a fate that befell numerous clients, including QCXINT, who due to privacy concerns appears inwith his face obscured by a CGI wolf-avatar head.
Crypto skeptics won’t find any of this the least bit surprising. Nor will they bat an eyelash at what ensued, beginning with suspicions that perhaps Cotten had faked his death and was hiding out on some tropical beach, living the high life on his former clients’ dime. That theory seemed plausible to many, as did the notion that Jennifer might have had a hand in this ruse—either as an accomplice, or as her husband’s killer.
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