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Netflix Set to Premier Documentary About QuadrigaCX CEO in 2022

American on-line streaming large Netflix is getting ready to launch a documentary, which focuses on the loss of life of Gerald Cotten, founder and CEO of the now-defunct Canadian cryptocurrency trade, QuadrigaCX.

  • Netflix made the announcement via Twitter on Thursday (September 23, 2021), with the documentary titled “Belief no One: The Hunt for the Crypto King.”
  • In response to the synopsis, a gaggle of QuadrigaCX traders who’ve change into investigators will search to uncover the suspicious loss of life of Cotten and in addition the 250 CAD million belonging to traders that was allegedly stolen by the CEO.
  • The Netflix documentary is certainly based mostly on the true occasions of a Canadian cryptocurrency trade that collapsed in 2019. Earlier than the corporate’s demise, it was one of many largest Bitcoin exchanges in Canada.
  • Nevertheless, issues grew to become unhealthy for the corporate when its founder and CEO, Gerald Cotten, died in Jaipur, India, from Crohn’s illness at age 30. What made occasions attention-grabbing was the truth that solely Cotten had entry to the trade’s chilly storage pockets, which means that prospects couldn’t get their funds again.
  • A courtroom submitting on the time confirmed that QuadrigaCX owed customers round 250 million CAD ($197.5 million). Legal professionals representing the corporate’s victims even requested to have the physique of the QuadrigaCX CEO exhumed to verify Cotten’s identification and the reason for loss of life.
  • In June 2020, greater than a 12 months after the trade collapsed, Canada’s securities regulator, the Ontario Securities Fee (OSC), printed a report on its investigations into QuadrigaCX. In response to the OSC, the corporate fell not due to Cotten’s loss of life however because of the fraudulent actions by the CEO whereas he was alive.
  • Though Netflix didn’t point out the precise date when it is going to launch the documentary, the net streaming large stated the present will premier in 2022.
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