Netflix sparked controversy with its new crypto documentary. Here is the new production called Trust No One: The Hunt for the Crypto King.
Netflix continues to document the story of the scammers. Netflix, which first announced the documentary Invented Anna, then Tinder Scammer and now Trust No One: The Hunt for the Crypto King , sheds light on one of the biggest scams in the crypto world.
The new documentary about Gerald Cotten , the developer of a cryptocurrency market in Canada called QuadrigaCX, tackles an interesting cryptocurrency story. Here is the new Netflix production that will make you think again about investing in crypto.
Trust No One: The Hunt for the Crypto King what does it tell?
The new Netflix production directed by Luke Sewell explores a fascinating crypto theory. The documentary Trust No One: The Hunt for the Crypto King focuses on the $120 million QuadrigaCX and Gerald Cotten, who disappeared at the end of 2018.
Entrepreneur Gerald Cotten, along with his partner Michael Patryn , founded QuadrigaCX in 2013, when almost no one was talking about cryptocurrencies . When Bitcoin increased in value in 2017, the partners decided to consolidate QuadrigaCX as a foreign exchange market.
However, the first complaints started to appear in 2018. The volatility of digital currencies made many investors nervous and they wanted to withdraw their money. Customers who were unable to recover funds invested in QuadrigaCX asked the police to initiate an investigation.
But before the cops could come to a conclusion, Gerald Cotten died on December 9, 2018, of Crohn’s disease , a chronic intestinal condition that affects the digestive system.
With the death of the entrepreneur, what will happen to QuadrigaCX has become a matter of debate. Consulting firm Ernest and Young announced that wallets on the platform were empty and $120 million worth of cryptocurrencies belonging to more than 110,000 customers were lost.
Further ongoing investigations showed that Cotten had created several fake accounts to withdraw client funds. However, since the passwords of these accounts were not known, the money in the accounts remained under the ground.