Cotten, at the time of her death, seemed to be living the life of a tycoon. He and his wife Jennifer Robertsontraveled around the world on private jets, visiting posh spots in Paris, Hawaii, and Morocco.
The cryptocurrency entrepreneur made increasingly lavish purchases: a $600,000 yacht, a high-end Lexus, 17 houses in Canada and a plane. Like many others in the industry, he framed his company not just as a financial tool, but as radical social change. He thus preached the use of cryptocurrencies in podcast appearances and YouTube videos. “Basically, it removes the need for a central authority. So you get rid of fees. And you get rid of a lot of the regulations,” he said in a podcast in 2014. “It’s more or less money from the people to the people.”
However, things started to get complicated in 2018, when the price of Bitcoin crashed. Investors tried to withdraw their money from Quadriga, but sometimes they faced delays of a month. Like other cryptocurrency exchanges, Quadriga he kept his funds in so-called “cold wallets,” which are digital storage devices that are not connected to the Internet and are protected from illegal access. The main drawback is that the only one who knew the passwords to the company’s crypto vaults was Gerry, and we know what happened to Gerry.
Internet “detectives”
Another great point of this 1h 30 min documentary is the active role of the victims of QuadrigaCX, mostly young people who are not afraid to admit that they were somehow victims of their own ambition. The one that got carried away by the idea of becoming millionaires overnight with the cryptocurrency boom.
The key question was Is Gerry Cotten really dead? It is heard from the voice of old acquaintances of Cotten, of those users who could not withdraw their money, and of journalists from “The Toronto Globe and Mail”.
Among them stands out the user QCXINT, who hidden behind a fox mask encouraged the informal investigation that increased the fear of being faced with a fraud. Where doubts about Cotten’s death and conspiracy theories reappeared.
Everything that the interesting documentary directed by Luke Sewellis decanting in a final explanation simpler than expected, where fraud, greed and a fairly high share of bad luck are key.
the merit of “Trust no one: On the trail of the king of cryptocurrencies” is how it analyzes Gerry Cotten and how the young man who died at the age of 30 managed to manipulate and sustain a fortune based on deception. And then create an intrigue around his life (and his death) to dispose of the ill-gotten funds.
Source: Ambito
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