The Dark Underbelly Of Cryptocurrency | Shehr – Tech Tribune France


022 is the year of mystery and scams for Netflix. After Inventing Anna, the Tinder scammer and Bad vegan: fame, fraud, fugitives, Trust No One: The Hunt for the Crypto King is the newest addition to Netflix’s crime documentary portfolio.

Directed by Luke Sewell, this documentary follows another round of white-collar crime and hurting wealthy people. Trust No One: The Hunt for the Crypto King follows the story of Gerry Cotten, CEO of Quadriga CX (a cryptocurrency investment firm) who died mysteriously in 2018 while in India.

Back when Bitcoin was first launched, many people made money on their investment when its price rose. While virtual assets such as cryptocurrency and non-fungible tokens (NFTs) tend to attract interest from a very niche tech market, Bitcoin is more of a stable form of virtual currency than a passing trend.

As CEO of Quadriga CX, Cotten appears to be a charming, bright-eyed man looking to make his mark in the tech world. He invested in Bitcoin even before the cryptocurrency was considered a viable form of asset. However, within a few years, Bitcoin went from $100 per unit to $27,000 per unit, making Cotten and his clients millionaires.

As Cotten tastes the high life, he goes shopping, buys planes and boats. However, cryptocurrency is fickle and it’s only a matter of time before Bitcoin crashes.

It becomes apparent that Cotten may have been involved in some of the darker sides of cryptocurrency. Bitcoin itself is known for its appeal in dark web markets due to its anonymous nature and lack of jurisdiction when it comes to selling and buying.

The crash sends Quadriga CX investors into a frenzy as they trade information on message boards about the fate of their investment. As investors demand their money, Cotten dies in very suspicious circumstances in India. He was in septic shock with perforation and bowel obstruction before he died.

The circumstances of his death give rise to several questions and conspiracy theories in the documentary. Is he really dead? Was someone trying to kill him? Or did he fake his death and escape to a utopia without extradition after undergoing plastic surgery?

Additionally, the $190 million worth of Bitcoin apparently died alongside him, as Cotten was the only one who supposedly held the access codes. This fosters suspicion among investors that he may not have invested their money in Bitcoin at all and that they had no way to get their money back.

It becomes apparent that Cotten may have been involved in some of the darker sides of cryptocurrency. Bitcoin itself is known for its appeal in dark web markets due to its anonymous nature and lack of jurisdiction when it comes to selling and buying.

White-collar crime documentaries often share patterns, and most of the time, you can easily Google to get those facts instead of watching a multi-part series. Trust No One: The Hunt for the Crypto King Avoid this pitfall as the story still develops even after Cotten’s death and Quadriga CX’s bankruptcy. Moreover, the ambiguity of circumstances and the legality of cryptocurrency blurs the line between good and evil. Plug The Tinder scammer and Invent Anna for example, it was blatantly obvious who the villain was in the story. In Trust No One: The Hunt for the Crypto King, it is much less obvious. Was Cotten really a con or did the stock market crash cause people to lose money?

With a concise 90-minute runtime that avoids filler bloat, this documentary is a fascinating look into the world of cryptocurrency and its perils. The presentation is fast, which makes it a recommended watch.


The author is a staff member.

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The Dark Underbelly Of Cryptocurrency | Shehr – Tech Tribune France


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