The storyline is said to emphasize “a group of investors who turned curious” and will focus on defining major events of Gerald Cotten’s life in a compelling narrative.
By Juhi Mirza
Updated
2 mins read
Gerald Cotten, the founder of QuadrigaCX, led a rather mysterious life that has been a cause of speculation for many. Cotten was embroiled in absurd allegations such as faking his death, followed by a request to let his body be exhumed after his death. The documentary planned by Netflix will catalog such instances of his life and intends to comprehend the reasons that made Cotten such a controversial figure in the first place.
QuadrigaCX was believed to be Canada’s biggest cryptocurrency exchange that was founded by Cotten in 2013, but ceased all its operations in 2019 as the company was declared bankrupt with liabilities worth $215.7 to be paid after Cotten’s death.
The storyline is said to emphasize “a group of investors who turned curious” and will focus on defining major events of Gerald Cotten’s life in a compelling narrative. Cotten was found dead in India while doing volunteering work at an orphanage leaving his company in great financial distress.
Netflix has not yet disclosed the details of the casting and head of direction but the trailer released by the platform involves a story hinting at a plastic surgeon and avoiding authorities on a yacht. Netflix has become the most frequently used streaming platform, with approximately 209 million subscribers worldwide. The platform is known to make detail-oriented thriller documentaries involving scandalous figures of history.
Gerald Cotten is said to have died due to Crohn’s disease in 2018 leaving his company in a massive financial frenzy. At the time of his death, he was the only person that had access to millions of crypto acquired from approximately 100,000 consumers wallets registered on QuadrigaCX. This led to growing speculation that Cotten might have faked his death and ran away with millions of money to avoid custody or arrest. However, there is no concrete evidence found yet that proves this theory. It was later revealed that a Panama-based company called Crypto Capital was responsible for controlling the majority of its funds.
The firm had stated that it had received claims worth $170 million from the users after Cotten’s death. Later, QuadrigaCX with the help of Ernst and Young began the process of selling Cotten’s real estate and assets and managed to raise $30 million till November.
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Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.
