Exploring an Ethical Dilemma: The QuadrigaCX Case from Jerry Cotton's Perspective

The video explores the financial and ethical challenges faced by Jerry Cotton, CEO of Quadriga, after a $14 million loss in ether. It discusses potential recovery strategies, the impact of rising cryptocurrency prices, and the findings of Ernst & Young's investigation into mismanagement and missing records. The video concludes with the collapse of Quadriga and the consequences of Jerry's actions.

What was the main financial challenge faced by Jerry Cotton at QuadrigaCX?

• The loss of $14 million in ether

• A lawsuit from a competitor

• A sudden drop in cryptocurrency prices

• A decline in user registrations

Which option involved Jerry Cotton potentially keeping the loss a secret?

• Admitting the loss and filing for creditor protection

• Using future revenues to cover the loss

• Trading customer tokens on margin

• Operating in dark mode and hoping to recover

What ethical principle questions whether an action is the respectful thing to do?

• Will the option avoid causing harm?

• Is it a loving thing to do?

• Is it the respectful thing to do?

• Will the option make things better?

What was the price of ether shortly after the loss?

• $250 per token

• $200 per token

• $450 per token

• $1000 per token

What did Ernst & Young discover about QuadrigaCX's business practices?

• They had a strong ethical framework

• There was rampant mismanagement and no contingency plan

• They maintained detailed financial records

• They had a robust contingency plan

How many transactions did Gerald Cotton make to competitor exchanges?

• 67,000 transactions

• 30,000 transactions

• 50,000 transactions

• 100,000 transactions

What was the ultimate consequence for QuadrigaCX due to the mismanagement?

• It successfully recovered the lost ether

• It became the leading crypto exchange

• It was acquired by a competitor

• It faced a significant margin call and collapsed