Topic: A new bitcoin documentary (Read 444 times)

I also finally watched this documentary, and I can say that I am somewhat positively surprised with the amount of good information presented in it, which I did not know before. What is proven without any doubt is that Cotten was corrupt from an early age, and that he participated in many frauds before, with the help of an even more corrupt partner (Michael Patryn), who is a convicted criminal in the US then known as Omar Dhanani.


You are right, it is strange to say the least and everyone is rightly wondering how a journalist concluded his investigation in India in such a way that he allegedly spoke to a doctor who confirmed the story and the death of Cotten, without speaking to anyone else such as the hospital staff, the police or the hotel staff where Cotten had been before. Especially if the sister of Jennifer (Cotten's wife) confirmed that he did not want to go to India, but she persuaded him to do so - and that she was the only person who saw him dead, considering that the coffin was closed at the funeral. Although some have tried to make sure that all questions have some kind of answer, I think that there are still a lot of lies that need to be revealed.

What has been unequivocally established and proven is the fact that Cotten literally gambled away most of his clients' money trading cryptocurrencies on other crypto exchanges - so the question is how he could do this without any of those CEXs reacting in the sense that they did not look for the origin of the crypto assets?

If you haven't watched it yet then I would suggest seeing this preview on this documentary about the now defunt exchange and it's missing (probably not dead as Guy from Coin Bureau who provides his review for the film on netflix doesn't believe this nonsense either) operator and/or his spouse who is in hiding is the mastermind behind it all:


https://www.youtube.com/watch?v=QynSIXvZSh4

So I watched this documentary few nights ago and I found it pretty interesting. To be honest I had never heard of QuadrigaCX, it's been very interesting to see how the users from the Telegram group managed to discover Cotten's shady past since he was a teenager. The only thing that I don't get is how everyone gave up so easily after a journalist went to India and talked with the doctor who was in charge of the case: of course the doctor was going to confirm the story, so that's it? Nobody thinks that Cotten could have gave money to this doctor just to confirm his death to any journalist/curious who would go to India asking questions? I just don't get it...

I was able to watch the documentary and there is only one lesson that anyone who holds bitcoin should do: "Never in any way trust any centralized exchanges with your coins.''The title might have been different contents if it was a decentralized one where nobody holds the keys to your bitcoin.
The founder had everyone fool and gain all the trust, the CEObastard even demonstrate how a bitcoin ATM machine work to two children on how easy it is to buy a bitcoin, a very shameful act for him to disappear, some people would have been a millionaire with all the money he had disappeared with.
I hope those who love shilling centralised exchanges learn from this, the day they disappeared, you will behold responsible for misleading the masses, if you hold bitcoin on an exchange, get em off right now.

Drop mic.

I wouldn't say that it shows Bitcoin in a bad way. It shows keeping your crypto on a centralized exchange in a bad way. And it is a bad way to keep your crypto on a CEX. Of course, many uneducated people will see this crypto in this movie as a way to lose money, but if you think about it, those people lost their money because they held crypto on a centralized exchange whose CEO made an exit scam.

The trailer is really intriguing especially to a person who has been in crypto space for quite some time.
But, I already had an assumption that this movie is going to be against cryptocurrency and Bitcoin, because documentaries aren't accurate anyway. They would either exaggerate things (mostly bad things) or take out the essential part of Bitcoin, and I wasn't wrong based on the discussions on reddit.

I'm still gonna watch it anyway If I have free time, though It doesn't interest me the same way I looked at the trailer for the first time.

Are those docs available for free anywhere? I would like to take a look at them and see if they catch my interest or not. I don't have Netflix, so I can't watch them there! If anyone knows of streaming links or any other resources where we can watch them, I would appreciate. I mean, the ones mentioned my the OP.

Finally a Crypto Related Documentary is out and guess none other than Netflix has come up with this.
Really excited and looking forward to watch this!

Definitely worth watching. Today itself I saw the title and was about to post about it and saw yours. That mans whole life savings goes to the sink in blink of an eye. The 500,000 CAD, Dam it was terrific to watch the trailer too. I am very excited to watch it and hope there won’t be any sort of spoilers in this thread. 

I know this one is based on bad experience and it could lead to little negative marketing about it but at the end it’s commercial sort of marketing. So hope this brings attention worldwide. Excited!

Thanks for sharing it and will definitely love to watch these documentaries and once finished will post my opinion about it here.Have not seen much of these crypto related movies and having it on Netflix is surely good choice to watch so going to watch it within few days.

I am of the opinion that both positive and negative aspects should be clear in mind and this exchange reality is shown then it's not wrong but will see the full case myself.

Finished watching both of these documentaries on the subject of this defunct exchange and they have the same people in both with accusations against the operator of quadricacx.
But the one from netflix mentioned a prime suspect of the whole fraud.
Michael Patryn.
I remember this name when they investigated and established he was a known scammer.
https://www.theglobeandmail.com/business/article-quadriga-co-founder-served-time-in-us-for-role-in-identity-theft/

Stories about bad stuff happening sells better, so no wonder that they will focus on negative stuff. After all, just look at the news and see what dominates.


While I share your sentiment about Netflix documentaries, I just watched this one and like you I expected it to attack cryptocurrencies more, while imho they weren't harsh at all. Or at least i didn't take it as an attack on crypto.


I wasn't bored at all by it, maybe because I didn't follow that story closely and my prior knowledge about the case was from a few articles that I read right after story broke. That death certificate thing is nothing compared to some other suspicious things like Gerry Cotten’s profiles on dodgy websites, the will signed 2 weeks before death, then that serial scammer Michael Patryn/Omar Dhanani being involved from the early stages etc. After watching documentary I am not any smarter about what really happened, but I definitely don't believe the official story about him dying in India.


Didn't that OSC guy say that Gerry essentially gambled with the money and lost $150 million by trading on those exchanges ans since he is dead, they can't press charges against him.

People love to gubble up stuff that would be great for the "against crypto" people. Another documentary about something that went bad, and it is even a netflix one as well. It is easy to predict that many people will watch this, and it is very bad that we are looking at something that will be seen as a bad light to crypto as well.

I feel like we should not be focusing on bad parts of the crypto world, there are so many good things about it as well. You won't see a documentary made about how 100+ million dollars were raised for Ukraine. I mean it "may" pass during something about that war in the future, but you won't see a documentary about that.

Wrong name in the death certificate, signed a will leaving everything to his wife a couple of weeks before his death, wife was drinking and dancing the night of the funeral, closed casket so no one (except allegedly the wife) saw the body.

Looks extremely suspicious.

I still don't understand how they can't just follow the transactions. They said that basically people would put real assets into quadriga, and receive fake IOUs in the platform, while quadriga would widthraw the users' Bitcoin into other exchanges worldwide to sell. Well, why stop there, those other exchanges must have logs about those transactions. The documentary didn't say anything else about those.

I watched a bit of it today but it bored me so I didn’t watch it to the end. From what I watched, I think he definitely faked his death. I mean, the Indian death certificate even spelt his name wrong. Such a shame that he felt the need to exit scam like that. I feel for all the people who lost significant funds, I would have had a heart attack if I wasn’t able to withdraw.

I just stumbled upon the trailer on youtube and checked this board to see if someone posted something about it and now that you mention it, I agree, the conspiracies theories are what actually pique my interest in the documentary.

Personally, I do not like documentaries, especially from Netflix, they always put their mark on the story, and therefore they may make small adjustments to the true story that make the criminal a hero and vice versa.

What is currently happening is that Bitcoin is not something they prefer, so I expect the documentary to be in the form of an indirect attack cryptocurrencies.

Note that the title itself suggests that “Trust No One: The Hunt For The Crypto King” and the story of the film is derived from the bankruptcy of a platform, which means that some have invested millions in the hope of making a profit and lost their investment, meaning that it will be related to profit more than concepts such as decentralization.

               Qwell, that's Netflix for you. Always looking out for the best hype to gather as much audience as possible. Not that it's wrong, it's just that sometimes they tend to make small things become bigger whenever they do documentaries and I mean all of their documentaries. Regardless though, it's still interesting for me as a subscriber lol. I just hope they'd be more focus on bringing facts in their documentaries rather than exaggerating for the sake of having audiences.

I have watched this netflix series.

So here's the summary of this docu according to what I've watched, so others can save their times.

- The first few minutes were about the friends of CEO of quadriga, Gerald Cotten describing of what type person he was.

- And then, there goes Tong, a guy that had took loan for buying different cryptos and then the 2018 nosedive came so he got a lot of debt with high interest loans that he got which has led him to sell his apartment for $400k.

- Again, this guy put himself in trouble by depositing all of the amount in Quadriga as there's a premium for deposit. He made it $500k and then immediately withdraw it but it took a long time and nothing has happened.

I feel bad for this guy, a very unfortunate guy and he's invested badly through his emotion and that's why he's got into this trouble. All of his life savings were gone and he still has to pay his debts.

- And then the bad news came about Gerald's death.

- While everyone was suspicious with his sudden death. An AMA thread from a Quariga employee started about his funeral and it seems that their suspicions about his death were correct.

- The community(telegram group) that has lost their funds started an investigation and gathered almost every info that they've got that includes their suspicion with her wife, Jen Robertson.

(This got me thinking that the death as they assumed fake, just made me remembered the last movie I've watched the "6 underground".)

- OSC(Ontario Securities Commission) said that quadriga wallet has sent many transactions to different exchanges abroad.

- Mike Patryn, co-founder who actually is connected to another guy, Omar Dhanani who's likely involved in laundering based on the research of some forumers.

- It turns out that Mike and Omar is the same person.

- Mike joins the community telegram group made by quadriga victims.

- Mike is connected to 'sceptre' through talkgold forum who ran scam investments too.

- Sceptre/Murdoch1337 turned out to be a member of another forum and someone has emailed a receipt to the investigative reporter with his order form, the name's Gerald Cotten.

- The Globe and Mail sent Nathan, an investigative reporter on the location where Gerald has died in India.

- Nathan, confirms that Gerald was dead due to cardiac arrest but no autopsy done.

- A last will testament has been made weeks before Gerald's death leaving all of his assets to Jen.

- Everyone thinks there's a foul play. While Jen changed her social media last name, three times.

- OSC found out that there's an account named Scepter Gerry and Gerald has been depositing fake assets on it with worth hundreds of millions, fiat and crypto.

- OSC figures out that it was Gerald manually crediting their users alone with their purchased/deposited bitcoins and that's why they've found the exchange trading bitcoin offshore into different other exchanges. Lost $150 million through the process and turned out it was a ponzi scheme through quadriga.

PS: No plagiarism intended.
Source: Netflix's : Trust No One: The hunt for the crypto king

Although that this documentary spreads awareness about Bitcoin and cryptocurrencies, I am not a fan of watching crypto-related documentaries that are mostly negative or something bad about it. The first time that I’ve heard about this upcoming Netflix documentary was from my first cousin who forwarded me the link to my Messenger.

This also reminds me of the “Crypto” movie starring Luke Hemsworth and Kurt Russell which promotes bad stuff about Bitcoin, etc. I would rather watch something that is more positive and eye-opener like the upcoming NFT The Movie documentary featuring Kenn Bosak, Miguel Celis, etc.