Netflix to make documentary about the founder of bitcoin exchange QuadrigaCX
Streaming service Netflix plans to release a documentary about the death of Gerald Cotten, founder and CEO of bankrupt Canadian cryptocurrency exchange QuadrigaCX.
THE PUPPER MASTER: HUNTING THE ULTIMATE CONMAN This three-part series coming in January tells the insane story of an audacious conman who was convicted in 2005. Then, in a shocking twist, the story reaches into the present day as a family suddenly fears for their mom’s safety.
Don't Trust Anyone: The Hunt for Cryptocurrency is scheduled to premiere in 2022.
In February 2019, the exchange said it had lost access to CAD250m ($190m at the time) of users' cryptocurrency and fiat wallets. QuadrigaCX claimed that Kotten, who allegedly passed away from the effects of Crohn's disease in December 2018 in India, was solely responsible for managing the cold storage of the funds.
A few days later, Indian authorities confirmed the death of the exchange's founder on December 9 at a Jaipur hospital. However, the community was left with doubts. Investors pointed out that the death certificate was published almost a month later, Cotten's last name was misspelled on it and the hospital itself had a controversial reputation.
Months later, lawyers representing investors demanded that the body be exhumed to ascertain the ex-b stockbroker's death.
The firm Ernst & Young, which became the auditor of QuadrigaCX, could find no trace of the more than 26,000 BTC the exchange owed to users and found that there had been no significant activity in the cold wallets since April 2018.
In January 2020, the investigation into QuadrigaCX was confirmed by the FBI.
As a reminder, the Ontario Securities Commission concluded that Cotten's fraudulent actions were the cause of the exchange's bankruptcy.