In its latest true crime announcement, Netflix reveals Trust No One: The Hunt for the Crypto King, a new documentary that follows a group of investors turned amateur detectives as they try to unravel the suspicious death of crypto tycoon Gerry Cotten, founder of Quadriga Fintech Solutions which operated QuadrigaCX, the largest crypto exchange in Canada at the time.
Upon Cotten’s death due to Crohn’s disease in 2019, what was thought to be around $250 million USD worth of digital currency was rendered inaccessible. His wife Jennifer Robertson reported that the only person who knew the password for QuadrigaCX’s offline crypto accounts was Cotten. The over 100,000 clients who entrusted Cotten with their money were left empty-handed. Upon Quadriga’s bankruptcy, Ernst and Young were only able to recover $46 million to repay clients.
Certain details around the incident were suspicious, including QuadrigaCX’s suspected Ponzi Scheme after the discovery of fraudulent practices, and Cotten’s will which was written one month before his death that chose to leave all his assets to his wife Robertson.