The streaming service Netflix plans to release a documentary about the death of the founder and CEO of the bankrupt Canadian cryptocurrency exchange QuadrigaCX, Gerry Cotten.
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 pic.twitter.com/rP9iFJHkWm— Netflix (@netflix) September 23, 2021
“Follow a group of investors who have turned into sleuths and are trying to uncover the suspicious death of cryptocurrency multimillionaire Gerry Cotten and to locate traces of $250 million that, in their view, he stole from them,” the film’s description says.
The premiere of ‘Trust No One: The Hunt for the Crypto King’ is slated for release in 2022.
In February 2019 the exchange said it had lost access to wallets containing users’ cryptocurrencies and fiat assets worth CAD 250 million (USD 190 million at the time). QuadrigaCX claimed that the person in charge of cold storage was solely Cotten, who allegedly died of complications from Crohn’s disease in December 2018 in India.
A few days later Indian authorities confirmed the death of the exchange’s founder on 9 December at a hospital in Jaipur. However, the community remained unconvinced. Investors noted that the death certificate was issued almost a month later, Cotten’s surname was misspelled in it, and the hospital itself had a dubious reputation.
Months later, lawyers representing the investors’ interests demanded the exhumation of the body to confirm the death of the former head of the exchange.
Auditor Ernst & Young, which served as auditor for QuadrigaCX, failed to locate traces of more than 26 000 BTC owed to users, and found that there had been little activity in the cold wallets since April 2018.
In January 2020 the QuadrigaCX investigation was confirmed by the FBI.
Earlier, the Ontario Securities Commission concluded that Cotten’s fraud led to the bankruptcy of the exchange.