by John Darer CLU ChFC MSSC CeFT RSP CLTC
So you want to invest in cryptos with your settlement money? Better read this!
The Wacky Crypto Ride Just Got Wackier
- When QuadrigaCX crypto exchange founder Gerald Cotten died in December 2018 he held “sole responsibility for handling the funds and coins,” and the remaining team members have had no luck accessing the exchange’s cold wallets since.
- $190 Million is at stake and QuadrigaCX has filed for creditor protection.
- While Cotten’s widow has Cotten’s laptop, it’s encrypted and she does not have a password or recovery key.
- A consultant hired to attempt to recover it’s contents hasn’t had much “Cotten picking lock” or luck as the case may be.
- And I thought my siblings and I had it bad when we couldn’t crack the password to my late mother’s Iphone after she passed in March 2015.
QuadrigaCX Users have been complaining about “withdrawal issues and a lack of communication” from QuadrigaCX for months according to a report on CoinDesk.
So the next time some shyster tries to get you to sell your long term structured settlement payments for pennies on the dollar so you can make an investment in cryptos remember this “Cotten Pickin” post.
RELATED READING
Why “Structured Settlements to Crypto” is a Terrible Idea for Injury Victims (4structures.com) February 1, 2026
Don’t Let a Shiny Crypto Ad Steal Your Future – Structured Settlements 4Real®Blog January 31, 2026
Is Bitcoin or other Crypto Suitable for an Injury Victim’s Settlement Plan? – Structured Settlements 4Real® Blog November 4, 2025
Treasury’s financial stability watchdog says fraud is rampant in crypto markets CNBC 12/16/2022
Last updated February 2, 2026