Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Market News

Everything We Know About Netflix’s “Trust No One: The Hunt for the Crypto King”

GentrySTACK by GentrySTACK
March 22, 2022
in Market News, Technology News
153
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

RelatedPosts

Lufthansa, Air France-KLM eye Flybe landing slots – report

U.S. President Biden to visit Poland -Polish president’s adviser

Ukraine’s Zelenskiy says situation at the front getting tougher

It’s about time Netflix’s true crime unit turned its eye to cryptocurrencies. In the tradition of “The Tinder Swindler,” “Crime Scene: The Vanishing at the Cecil Hotel,” and “Abducted in Plain Sight,” a new documentary will have people talking soon. This time, Netflix will tell the story of QuadrigaCX, a cryptocurrency exchange with something to hide. Did Gerry Cotton fake his own death or was he poisoned? And more important still, are the coins locked forever?

Related Reading | Netflix Orders Doc Series About Crypto Laundering Of A Couple

But, let’s not get ahead of ourselves. “Bad Sport’s” Luke Sewell directed “Trust No One: The Hunt for the Crypto King.” In the trailer’s YouTube description box, it summarizes what the documentary is about:

“There’s only one rule in the world of crypto and bitcoin, trust no one. $250 million of bitcoin randomly disappears from QuadrigaCX, once Canada’s largest crypto exchange, and the only person who can get it back mysteriously dies. Greed is a matter of life and death in this true crime documentary about the rise and fall of QuadrigaCX, the mysterious death of its founder Gerry Cotton, and the victims left behind to pick up the pieces.”

This is the trailer:

What Does Netflix Know About QuadrigaCX?

SPOILER ALERT: Everything the following text covers might ruin your enjoyment of “Trust No One: The Hunt for the Crypto King.” Read it at your own peril.

Since QuadrigaCX is a Canadian company, we went to the Ontario Security Commission’s review of the case. The executive summary alone reveals a lot of what the documentary is about, and its similarities with the Mt. Gox case.

“The downfall of crypto asset trading platform QuadrigaCX (Quadriga) resulted from a fraud committed by Quadriga’s co-founder and CEO Gerald Cotten (Cotten). Clients entrusted their assets to Quadriga, which provided false assurances that those assets would be safeguarded. In reality, Cotten spent, traded and used those assets at will. Operating without any proper system of oversight or internal controls, Cotten was able to misuse client assets for years, unchecked and undetected, ultimately bringing down the entire platform.”

Not to victim-blame, but this whole thing happened because QuadrigaCX’s users trusted a third party. They gave custody to an entity that had all the permissions and none of the responsibilities. Even though QuadrigaCX was certified by Canada’s anti-money-laundering authority, the company had a FinTRAC money-services business license. 

Back to the OSC report:

“Quadriga clients could not have known what Cotten was doing. Under the Quadriga business model, clients entrusted their money and crypto assets to Quadriga. Quadriga provided no meaningful insight into how those assets were being stored, moved and spent. To the contrary, Quadriga provided false assurances about asset storage.”

And when Gerry Cotton died taking the private keys for the whole operation with him, all hell broke loose.

BTCUSD price chart for 03/22/2022 - TradingView

BTC price chart for 03/22/2022 on FTX | Source: BTC/USD on TradingView.com

What Do We Know About Gerry Cotton?

This can also spoil your enjoyment of Netflix’s documentary, but, this is the Vanity Fair article that inspired it. In it, we find out who searches for Gerry Cotton. The Internet does. In the tradition of “Don’t F**k with Cats: Hunting an Internet Killer,” the article informs us about what happens in episode two of “Trust No One.”

“The most effective and thorough investigation to date, however, has been conducted by anonymous accounts posting on Twitter, Reddit, Pastebin, and Telegram. Their findings, though baroquely technical, could be distilled to a two-word conclusion:

Gerry’s alive.”

Related Reading | Paying Netflix With Bitcoin? Here Is How It Could Happen

The mainstream publication doesn’t let the opportunity to bash bitcoin go to waste. While discussing the legendary Pizza Day, Vanity Fair claims, “With that, Bitcoin became like any other form of currency, a mass delusion: Its value derived from the belief that it had value.” Yeah, sure. Have fun staying poor, Vanity Fair. And to the rest of you, have fun discovering the rest of the story by watching Netflix’s “The Crypto Swindl… we mean, “Trust No One: The Hunt for the Crypto King.”

Featured Image: Screenshot from the documentary's trailer | Charts by TradingView
Share61Tweet38Send
GentrySTACK

GentrySTACK

Related Posts

Lufthansa, Air France-KLM eye Flybe landing slots – report

February 4, 2023

U.S. President Biden to visit Poland -Polish president’s adviser

February 4, 2023

Ukraine’s Zelenskiy says situation at the front getting tougher

February 4, 2023

U.S. pauses activity at three airports for “national security effort” amid questions about Chinese spy balloon

February 4, 2023

Tens of thousands of Israelis protest against justice reform plans

February 4, 2023

BoE and Treasury think UK is ‘likely’ to need digital currency – Telegraph

February 4, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

February 4, 2023

Lufthansa, Air France-KLM eye Flybe landing slots – report

February 4, 2023

U.S. President Biden to visit Poland -Polish president’s adviser

February 4, 2023

Debate Intensifies Over Significance and Implications of Ordinal Inscriptions on Bitcoin Blockchain

February 4, 2023

Categories

  • Binance (49,831)
  • Bitcoin (93,139)
  • Business News (98,601)
  • Cardoso (41,234)
  • Crypto News (49,080)
  • Dogecoin (41,234)
  • Ethereum (41,610)
  • Market News (86,385)
  • NFT X Metaverse (41,234)
  • Other alt coins (41,280)
  • Others (2)
  • Shiba in (41,234)
  • Technology News (85,811)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 23,417.27 0.21%
ethereum
Ethereum (ETH) $ 1,679.81 1.35%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 330.23 0.30%
usd-coin
USD Coin (USDC) $ 1.00 0.11%
xrp
XRP (XRP) $ 0.414651 0.91%
binance-usd
Binance USD (BUSD) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.403337 0.11%
dogecoin
Dogecoin (DOGE) $ 0.096965 4.63%
matic-network
Polygon (MATIC) $ 1.26 3.37%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News