Netflix just released its latest true crime documentary Trust Nobody: The Hunt for the Crypto King, detailing the rise and fall of cryptocurrency exchange Quadriga Fintech Solutions and founder Gerald “Gerry” Cotten. Gerry Cotten is believed to have orchestrated a massive investment scam that has people wondering if Gerry faked his death and disappeared with millions of dollars in consumer funds.
Below we’ll examine in detail who Gerry Cotten was, what he did with the money, where he is now, and whether or not Gerry is actually dead. If you weren’t watching The hunt for the crypto king Make sure you add it to your Netflix watchlist though!
Who Was Gerry Cotten, the Crypto King?
Gerald “Gerry” Cotten was originally thought of as a savvy entrepreneur who found success when he founded Quadriga Fintech Solutions (QuadrigaCX), a Canadian cryptocurrency exchange, in 2013. Over time, Quadriga grew in popularity until it grew into Canada’s largest crypto exchange as it helped legitimize bitcoin at a time when crypto was becoming increasingly mainstream.
But in 2018, bitcoin prices started falling and eventually crashed. People panicked and tried to withdraw their funds from Quadriga only to be faced with delayed processing times and error messages. It quickly became apparent that something was wrong with Quadriga. In early 2019, the website stopped working.
Stranger still, Gerry had died under somewhat mysterious circumstances. Angry users banded together on an online forum to investigate the company, descending a dark rabbit hole in the hunt for the “crypto king” when theorists began to believe Gerry’s death was part of an “exit scams” and stole hundreds of millions of consumer funds.
Where is Gerry Cotten now?
As far as we know, Gerry is dead. There’s not much more to say about his exact whereabouts unless you believe the theories that Gerry somehow faked his death and got away with the money. It’s not a bad theory there The hunt for the crypto king points out that Gerry had some great plans of what to do with the money if he hadn’t died.
Is Gerry Cotten really dead?
Given what the documentary tells us, it sounds like Gerry is Yes, really dead, despite what online detectives and conspiracy theorists may believe. Some of the reasons people believed he faked his death were that the funeral was a closed coffin, people don’t usually die of Crohn’s disease, and a death certificate with Gerry’s name misspelled was circulated. None of this is enough to prove Gerry faked his death, and as for the certificate, I’m not even sure if it’s a real document.
Documentary subject Nathan Vanderklippe, a globe and mail Journalist, traveled to Gerry’s last known whereabouts in India to meet with the doctor on call at the time, Dr. Sharma, to speak.
according to dr Sharma brought Gerry to the hospital for vomiting and diarrhea. This, coupled with his background of Crohn’s disease, led to doctors detaining him overnight despite believing he was merely suffering from travelers’ diarrhea. Most cases of Crohn’s disease are not fatal; It’s very rare to die from the disease, which is one of the reasons people thought Gerry was faking his death.
dr However, Sharma elaborates on what exactly happened: Gerry went berserk and went into cardiac arrest three times the next day. Doctors were able to revive him the first two times, but not the third time.
Of course, some people won’t believe Gerry is dead unless they see a body, and even then they might ask for DNA testing and even then You might still think the whole thing was fake — or that he took the money off to Bermuda and met up with a plastic surgeon who gave him a facelift. But by all accounts, it sounds like Gerry is definitely dead.
What did Gerry Cotten do with all that money?
Even if Gerry didn’t fake his death and escape, that doesn’t mean he doesn’t still run a criminal enterprise. The journalists, detectives and the Ontario Securities Commission (OSC) determined that Gerry staged a large-scale scam. Worse, Gerry had a long history of investment fraud.
He was an active member of Black Hat World, where he went by the username Scepter and later Murdoch1337. It was discovered that Gerry was looking for a black hat hacker on this website (usually black hat hackers are the “bad guys” while white hat hackers are more ethical). Quadriga was formed just three months after Sceptre’s post.
OSC Agent Daniel Tourangeau explains how Gerry ran the Quadriga scam. He used multiple fake accounts to credit users with fake assets and then traded their actual dollars for the cryptocurrency.
Gerry would trade the fake assets and send real money to his international exchanges, essentially laundering money and gambling with everyone’s casino money. He wasn’t a criminal mastermind, since what Gerry did amounted to high-stakes gambling or a Ponzi scheme (you rob Pete to pay Paul); He lost over $150 million in the process.
When bitcoin started crashing and people tried to withdraw their money all at once, Quadriga lost a lot of money (the company made revenue from the fees charged for trading dollars for bitcoin and standard withdrawal fees).
In short, Gerry screwed up and got stuck between a rock and a hard spot. It’s hard to say what would have happened if he hadn’t died when he died. As for the money, some has been recovered, but the chances of anyone who has been scammed getting the rest back is very slim.
Did Gerry Cotten ever go to prison?
No. Gerry died before criminal proceedings could be started, so he never served time in prison, nor was he convicted or charged with anything.
https://netflixlife.com/2022/03/30/the-hunt-for-the-crypto-king-where-is-gerry-cotten-now-is-he-really-dead/ Where is Gerry Cotten now? is he really dead