certify
Home arrow Article arrow Article Detail

Next year Netflix to Premiere Documentary About QuadrigaCX $250M Crypto Scandal

Profile Image

Rushali Das Follow

INDIA

Sep, 29 2021

Sep, 29 2021

likes | comments 0

Article Image

A Netflix documentary is set to explore what happened in 2018 when Gerard Cotten unexpectedly died, leaving hundreds of millions of dollars of the investor funds vanished into the crypto ether.

Netflix is prepping to premiere a new documentary on the QuadrigaCX scandal next year. Titles as "Trust No One: The Hunt For The Crypto King," it is based on the story of Gerard Cotten. He was the Canadian crypto exchange founder and died while on his honeymoon in India in 2018. He was also thought to have taken $250 million to the grave from the customer funds.

On September 23rd, Netflix tweeted, "TRUST NO ONE: THE HUNT FOR THE CRYPTO KING

Follow a group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them. Premieres in 2022."

Some people also believed that Cotten was faking his death to flee with customer funds. However, lawyers representing out-of-pocket customers had requested the Canadian police in December 2019 to dig up his grave and check if he had died.

The Canadian police denied this request. Since then, people have accepted that Cotten died of Crohn's disease. However, he hadn't carried the keys to customer funds to the grave with him.

Also Read | In South Korea, nearly more than 60 Crypto Exchanges may have to Suspend Trading

According to a postmortem conducted by Ernst & Young, Cotten had been siphoning funds well before his death from QuadrigaCX and spent them on luxury items, such as planes, cars, and yachts.

He created a fake account on QuadrigaCX and bought his customer's crypto using fake Canadian dollars to carry out such fraud. Things came into light when the Ethereum market crashed in 2018, to which Cotten was heavily exposed and wiped out all his wealth.

The new documentary is directed by Luke Sewell, the BAFTA-nominated documentarian, and produced by UK-based Minnow Films, the producer of "When Harry Lost Hogwarts" "My Granny the Escort" and "Dogging Tales."


likes | comments 0

Profile Image

Rushali Das

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
Nasdaq to Launch Crypto Custody Services by End of Q2

According to a story that was published on Friday by Bloomberg, Nasdaq (NDAQ) is planning to launch its cryptocurrency custody services by the end of the second quarter..;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.