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Like a garden con artist, Trust No One: The Hunt for the Crypto King relies on the uncanny to distract from the emptiness of thought. The documentary (on Netflix) is about Gerald V. Cotten, the founder of the Canadian cryptocurrency exchange Quadriga CX, who died in 2018 and many users are unable to access their funds.

Cryptocurrency King

The film connects the audience with several Quadriga users who team up as amateur detectives at work. Someone who goes by the name QCXINT wears a mask to protect his identity. Others fill their YouTube channels with theories. As the men scroll through social media and exchange encouraging comments on message boards, director Luke Sewell uses low lighting and a theatrical setting to follow their digital activities with a great sense of drama and gravitas.

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Although Cotten’s death – which was not made public until a month later – is unusual, it soon becomes clear that the Quadriga’s injured users are rare investigators of its mystery. Distrustful of authority, the two men become keyboard guards, challenge each other, and become convinced that Kotten faked his death and made off with their money.

Sewell talks to reporters and experts who provide some solid analysis. Had the film favored such clarity over crude true-crime tropes, it might have been seen as a window into the dangers of speculation, both in property acquisition and on Reddit conspiracy boards. Instead, this sensational documentary seems essentially bankrupt.

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This is the Netflix documentary “Trust No One: The Hunt for the Crypto King” which chronicles the mysterious life and death of a crypto-swindler. Netflix tells the story of Gerald Cotten and his company QuadrigaCX in a documentary about scammers. This time, the main characters are cryptocurrencies…

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First it was Invented Anna , then Tinder Scammer , and now Trust No One: The Hunt for the Crypto King , a recent Netflix documentary based on the scammer’s life. Gerald Cotten is the founder of a Canadian cryptocurrency trading market called QuadrigaCX.

He knew how to identify a growing market, and his company had over 115,000 active customers. Together with his partner Michael Patryn, he founded the company in 2013, when hardly anyone was talking about cryptocurrencies, and they created the first cryptocurrency-backed ATM network in their country. As the value of bitcoin rose in 2017, the two partners eventually merged into QuadrigaCX as an exchange or exchange market. In 2018, the first complaints began to be heard: due to fluctuations in the exchange rate of digital currencies, many customers tried to withdraw their investments, but failed. The police launched a series of investigations, but before they could reach a conclusion, Gerald Cotten died on December 9, 2018 in India due to Crohn’s disease, a chronic intestinal disease that affects the digestive system.

After the businessman’s death, several clients raised their voices and said they did not have access to their investments. Ernest and Young launched an investigation that revealed the company’s wallets were empty and $120 million worth of cryptocurrency belonging to more than 110,000 customers was missing. Upon further investigation, it was discovered that Cotten’s partner, Michael Patri, was actually an alias for Omar Dhanani, who was charged with fraud in the United States.

The investigation revealed that Cotten created several fake accounts to steal customer funds. The problem is that the passwords to these accounts have been taken to the grave and their fate remains unknown.

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That’s the official story, but the Luke Sewell-directed documentary explores a number of interesting conspiracy theories. Trust No One: The Hunt for the Crypto King is a film that explores the mysterious side of cryptocurrencies and the internet.

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Mastering backlinks and content intent is key to higher search engine rankings. Our guide can help you learn the right techniques and strategies to improve your backlinks and content quality. His company managed billions in assets, making him one of the richest people in the world. Then it collapsed almost overnight. As a fraud trial begins next week, a documentary asks how he took so many people captive

Sunil Kavuri is not an inexperienced investor. Of course, she wasn’t always involved in finance: 20 years ago she was a model. He and his identical twin brother have been the subject of articles in the local public interest papers, taking to the O2 to advertise Rugby, Real Warwickshire Boys and Big Brother, both on their way to studying for a Masters in Finance at Cambridge and first . in Economics. . You remember the commercial: two guys with messy hair playing on the sofa.

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Kavuri then worked at Deutsche Bank, Morgan Stanley and later JP Morgan before leaving in 2012 to venture out on his own. In 2015, he started investing in cryptocurrencies, especially bitcoin, which he saw as “digital gold”: “It has all the properties of gold, but it’s easier to hold, so it’s better than gold.” The premise of Bitcoin is that the supply is fixed at 21 million, so it is a finite resource. “I saw bitcoin as a better, more portable version,” he says. “It has a financial proposal, it is completely divided, they are being replaced.”

But in the fall of 2022, the value of cryptocurrencies collapsed. Kavuri lost $2.1m (£1.8m) as a lender to FTX, the cryptocurrency platform founded by Sam Bankman-Fried. He is trying to get those funds back in a class action lawsuit.

Ordinary people like me ask a lot of questions. When people said they lost millions of dollars, it became part of that money

? How was the Bankman-Fried hype different from the tulip mania or other speculative bubbles? Given last year’s cryptocurrency crash, what exactly are we looking at? Was this a case of Enron – a good business destroyed by bad actors? Or was it more of a 2007-style event – a broken system involving everyone who should have known better? Is this distinction actually real, or is the line between functional and dysfunctional a little more blurred?

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Bankman-Fried became the symbol of cryptocurrency: his rise was astronomical, his fall spectacular, his behavior so unusual, his face a believable open book, the emotions running through him like a three-year-old child. “I think the personality of Sam Bankman-Fried is inseparable from the cryptocurrency phenomenon,” says Megan Tovey, producer of Panorama Downfall of the Crypto King, which airs tonight in the UK on BBC One. “He became an industry icon: this vegan white knight of crypto who came in and remade the image.”

Since the inception of bitcoin in 2009, the crypto world has gained a dangerous reputation. “The setting for this is still the wild west in many ways,” Towey said of attempts to regulate it. Its value has been marked by volatility. Because it operated outside of government and financial authorities, it was a great currency to use if you wanted to buy drugs or shoot someone. Then came Bankman-Fried, who founded FTX in 2019. By 2022, he was the 60th richest man in the world.

He spent money everywhere: in politics, parties, with stars. His self-luxury was almost monastic. She said in an interview that she could fit all the clothes she owns in one backpack, with her rambling and confused language saying the most. In the end, he wanted to give all his money away, he said. At his peak, he had a net worth of $26 billion, so that was an amazing promise.

“He is not the only one being judged; this is the future of crypto regulation”… Bankman-Fried will appear in court in New York in August. Photo: Eduardo Muñoz/Reuters

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He lived in a $40 million penthouse in the Bahamas with his constant college friends, including Caroline Ellison (his girlfriend from the road), Gary Wang, and FTX inner circle, Nishad Singh. By all accounts, it was very much like the fever dream of a stoned student wondering what was going on.

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