Source: I've lived in 7 cities in India all my life.
What happens? How do people punish him?
Quote "BitGrail lost $170 million worth of Nano XRB tokens because... the checks for whether you had a sufficient balance to withdraw were only implemented as client-side JavaScript "
At least in e-commerce, you can always send an email to the customer explaining the mistake, and cancel the order...
They are claiming he died from Chron’s disease which is highly unlikely.
It seems like a plausible deniability move. He probably has Chron’s disease and that can be easily proven through his medical history.
Also is easier to tie that, to a story in which he couldn’t get the right treatment for his Chron’s disease complications abroad.
(Serious question, I have no idea what the answer is).
I've been unwell in India, and had unwell children there. India probably sucks if you have no money, but if you have a white face or other sign of affluence, then getting to a physician or hospital is no problem at all, and the care is good.
This is true in most of the world, not just India :P
The trip to India was supposed to open an orphanage. This orphanage was built by an organization that accepts large donations for specific buildings such as orphanages or water wells. For an orphanage, it costs $ 50,000.
It did not seem to me, when visiting this organization's website, that they have full transparency about these negotiations and these expenses.
And so far they have not released addresses for cold wallets. Okay, he had the private key. But public keys would have to be known by the system.
Source: I have family working in this sector. Shit is difficult, especially if you are a foreign personal.
> Corruption is indeed rampant
Are you seriously claiming you couldn't get a fake record in India for USD$1m? or even USD$100k? That is a lot of money for a doctor in India. I have a trouble believing it would be all that hard.
It was probably all organised before he even got on the plane.
I am no expert but Indian laws are very strict when it comes to foreign money transactions. The law behind is called the Foreign Contribution (Regulation) Act, 2010. Everyone taking in foreign contributions need to register and file the amount of dollars flowing in.
I tried searching for the NGO on the FCRA website: https://fcraonline.nic.in/fc8_statewise.aspx
in state of Andhra Pradesh and got nothing.
This is a huge red flag. It's really easy to get fake IDs, passports, marriage certificates, death certificates, driver's licenses[1] etc in India, if you grease the right hands. and it's not even that much in USD. We are talking a couple of 100 bucks ( USD ) for a new passport with a new name and far less for other things.
[1] Source: Me. I) had to bribe a DMV officer about 200 Rs ( 4 USD back then in 1999) to get my Driver's License , so I can drive in US. I had to do this cos I was leaving in 3 days and I'd landed a job the previous week ( Had my H1-B ready to go).
I didn't even go to the DMV. He delivered the "International Drivers Permit" drivers license right to my door in 2 days.
"Mr. Cotten was diligent in other areas of his life. He signed a will on Nov. 27, less than two weeks before he died."
If that his first will, either he knew he was so ill this was a chance or another red flag.
Fake your death, get some plastic surgery done, enjoy life with those $200 million dollars
https://en.wikipedia.org/wiki/Amado_Carrillo_Fuentes
http://edition.cnn.com/WORLD/9711/06/mexico.doctor/index.htm...
Another one:
https://www.radionz.co.nz/news/world/343092/mexican-gang-bos...
I’m quite confident the lawyers will get to the bottom of this.
Very shortly before his death he got his affairs in order and flew to India. Then it’s reported he died along with a death certificate from India. Now they can’t find $200mil in crypto and are not reporting the cold storage addresses.
Would not surprise me if there has been massive fraud here, whether the CEO is alive or not. Everything is too convenient.
If you want to read posts from many sad and pissed off people, their subreddit is full of them https://www.reddit.com/r/QuadrigaCX