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And what he started to do was trading against unsuspecting users
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Trust No One: The Hunt for the Crypto King

And what he started to do wastrading against unsuspecting users

And what he started to do was
trading against unsuspecting users

Full Transcript

00:00:01.000 --> 00:00:06.297
And what he started to do was trading against unsuspecting users.
Duration
7 seconds
Views
30
Timestamp in Movie
01:20:03
Uploaded
Mar 28, 2025
Genres
documentary, crime
Production
N/A

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Movie Summary

A group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them.
Let's say a user is coming in, and they want to buy a crypto. - Trust No One: The Hunt for the Crypto King 00:06
Let's say a user is coming in, and they want to buy a c...
Their account gets credited with one crypto. - Trust No One: The Hunt for the Crypto King 00:05
Their account gets credited with one crypto.
Unbeknownst to them, that crypto does not exist. - Trust No One: The Hunt for the Crypto King 00:05
Unbeknownst to them, that crypto does not exist.
It was Cotten responding to that order, - Trust No One: The Hunt for the Crypto King 00:08
It was Cotten responding to that order,
And that's what he did hundreds of thousands of times. - Trust No One: The Hunt for the Crypto King 00:05
And that's what he did hundreds of thousands of times.
That's when we were able to identify the link - Trust No One: The Hunt for the Crypto King 00:12
That's when we were able to identify the link
He's transferring the cryptocurrencies that are owned by users - Trust No One: The Hunt for the Crypto King 00:09
He's transferring the cryptocurrencies that are owned b...
It looks like Gerry, in a way, treated Quadriga as his own piggybank, - Trust No One: The Hunt for the Crypto King 00:09
It looks like Gerry, in a way, treated Quadriga as his own p...
In effect, Cotten was playing the casino with users' assets. - Trust No One: The Hunt for the Crypto King 00:08
In effect, Cotten was playing the casino with users' as...
But he found himself losing instead of winning. - Trust No One: The Hunt for the Crypto King 00:05
But he found himself losing instead of winning.
Gerry, I mean, he was a spectacularly bad trader. - Trust No One: The Hunt for the Crypto King 00:06
Gerry, I mean, he was a spectacularly bad trader.
You know, in amongst these kind of periods where crypto is booming - Trust No One: The Hunt for the Crypto King 00:13
You know, in amongst these kind of periods where crypto is b...
Mr. Cotten lost approximately $150 million by essentially gambling. - Trust No One: The Hunt for the Crypto King 00:08
Mr. Cotten lost approximately $150 million by essentially ga...
Oh my God. - Trust No One: The Hunt for the Crypto King 00:10
Oh my God.
Now, this is when it turned into more of a Ponzi scheme. - Trust No One: The Hunt for the Crypto King 00:05
Now, this is when it turned into more of a Ponzi scheme.
In a Ponzi scheme, if the individuals want their money back, - Trust No One: The Hunt for the Crypto King 00:10
In a Ponzi scheme, if the individuals want their money back,
But, you see, the enemy of a Ponzi scheme - Trust No One: The Hunt for the Crypto King 00:09
But, you see, the enemy of a Ponzi scheme
And that's what started happening in early 2018. - Trust No One: The Hunt for the Crypto King 00:05
And that's what started happening in early 2018.
The prices started to drop very quickly. - Trust No One: The Hunt for the Crypto King 00:05
The prices started to drop very quickly.
That created a rush by users to cash in on their profits. - Trust No One: The Hunt for the Crypto King 00:07
That created a rush by users to cash in on their profits.