2 years ago
Summary:
- Netflix volition premiere a documentary connected the events surrounding the decease of the laminitis of QuadrigaCX, Gerald Cotten
- Cotten was reportedly the sole handler of QuadrigaCX’s acold wallet
- His decease resulted successful QuadrigaCX filing for creditor extortion and its customers suffering losses to the tune of $190 million
- Conspiracies proceed to haunt Cotten’s decease and the illness of QuadrigaCX
The communicative of QuadrigaCX exchange, from its beginnings to the saga surrounding the decease of its founder, and consequent Bitcoin losses experienced by its users, volition beryllium featured successful a caller Netflix documentary that premiers today, March 30th.
Titled ‘Trust No One: the Hunt for The Crypto King’, the Netflix documentary follows a radical of Bitcoin investors who mislaid their wealth aft the laminitis of QuadrigaCX, Gerald Cotten, died abruptly successful December 2018.
Mr. Cotten was the sole handler of the acold retention crypto wallet belonging to the speech and his untimely decease resulted successful the nonaccomplishment of astir $190 cardinal successful Bitcoin and different integer assets, belonging to its users.
The documentary chronicles the set of Bitcoin investors arsenic they transportation retired their ain autarkic investigations into the whereabouts of the funds reportedly locked successful the inaccessible crypto wallet.
Over the years, Gerald Cotten’s untimely decease has been astatine the halfway of respective conspiracy theories aft it was revealed that the acold retention wallets contained little crypto than was anticipated.
According to a report by Ernst and Young, Cotten had transferred millions of dollars successful integer assets retired of lawsuit accounts and into different exchanges, wherever helium mislaid a important magnitude trading Bitcoin.
Cotten’s transportation of lawsuit funds and the losses helium incurred trading person led galore QuadrigaCX customers to speculate that helium faked his ain death. This is contempt the beingness of a decease certificate from an Indian infirmary wherever helium allegedly died.
Additional grounds has besides been unearthed which revealed that Cotten has orchestrated a agelong database of Ponzi schemes, that began erstwhile helium was conscionable 15 years old. Therefore, the QuadrigaCX Bitcoin saga mightiness good person been different of his schemes, with faking his ain decease arsenic portion of an exit strategy.
English (US) 