This is "Trust No One: The Hunt for the Crypto King" the Netflix documentary that portrays the life and mysterious death of a crypto scammer

Netflix tells the story of Gerald Cotten and his company, QuadrigaCX in a documentary about scammers. This time the cryptocurrencies are lead characters....

learn more about Entrepreneur Staff

By Entrepreneur Staff


This article was translated from our Spanish edition.

First it was Invented Anna , then Tinder Scammer, and now Trust No One: The Hunt for the Crypto King , Netflix's latest documentary based on the life of a scammer. Now it's about Gerald Cotten , creator of a cryptocurrency trading market called QuadrigaCX in Canada.

The entrepreneur knew how to identify a growing market and his company had more than 115,000 active clients. Together with his partner, Michael Patryn , he created the company in 2013, when hardly anyone was talking about cryptocurrencies and they were the first to create a cryptocurrency-supported ATM network in their country. When the value of bitcoin increased in 2017, the partners ended up consolidating QuadrigaCX as an exchange or foreign exchange market. In 2018 the first complaints began to be heard: due to the fluctuation in the exchange rate of digital currencies, many clients tried to withdraw their investment, but could not do so. The police launched a series of investigations, but before they could reach a conclusion, Gerald Cotten died in India on December 9, 2018 due to Crohn's disease, a chronic intestinal condition that affects the digestive tract.

With the businessman dead, more clients raised their voices to denounce that they could not access their investment. The company Ernest and Young published an investigation revealing that the company's wallets were empty and that $120 million in cryptocurrency owned by more than 110,000 customers had disappeared. Further investigation showed that Cotten's partner Michael Patry was actually an alias for Omar Dhanani , who had previously been charged with fraud in the United States.

Investigations showed that Cotten created several fake accounts to siphon off client funds. The problem is that the passwords to access these accounts were taken to the grave, leaving a fortune in limbo.

That's the official story, but the Luke Sewell -directed documentary explores a number of fascinating conspiracy theories. Trust No One: The Hunt for the Crypto King is a film that explores the mysterious side of cryptocurrencies and the internet.

You can watch the trailer here.

Entrepreneur Staff

Entrepreneur Staff


Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change

Invest in Yourself: 10 Things Every Working Woman Should Do This Year

When striving for success, it is easy to forget about your mental and physical health. But without health, you cannot fully succeed. Follow these ten lifestyle strategies for success in your personal and professional life.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business Ideas

Every Company Has the Potential to Enter the Space Economy. Here's How.

The space economy is worth nearly $500 billion — why wouldn't you want to get involved if you can? Use these four tips to find out how you can get started.


5 Reasons You're Stuck In the Weeds, Instead of Spending Your Time Strategically

Follow this advice from over 100 top CEOs to become less busy and more successful.