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He's transferring the cryptocurrencies that are owned by users
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Trust No One: The Hunt for the Crypto King

He's transferring the cryptocurrenciesthat are owned by users and sent themto other...

He's transferring the cryptocurrencies
that are owned by users and sent them
to other platforms for trading

Full Transcript

00:00:01.000 --> 00:00:05.254
He's transferring the cryptocurrencies that are owned by users
00:00:05.337 --> 00:00:08.257
and sent them to other platforms for trading.
Duration
9 seconds
Views
30
Timestamp in Movie
01:20:49
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.
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.
Quadriga very quickly started to struggle fulfilling those withdrawal requests. - Trust No One: The Hunt for the Crypto King 00:07
Quadriga very quickly started to struggle fulfilling those w...
Cotten was fulfilling the requests of whoever was screaming the loudest. - Trust No One: The Hunt for the Crypto King 00:07
Cotten was fulfilling the requests of whoever was screaming ...
He was really a fireman at that point, - Trust No One: The Hunt for the Crypto King 00:07
He was really a fireman at that point,
Of Gerry kind of getting stuck - Trust No One: The Hunt for the Crypto King 00:09
Of Gerry kind of getting stuck
That's kind of an ironic metaphor in some ways - Trust No One: The Hunt for the Crypto King 00:06
That's kind of an ironic metaphor in some ways
And that's how Cotten was able to be the mastermind - Trust No One: The Hunt for the Crypto King 00:13
And that's how Cotten was able to be the mastermind
In a typical situation, we would have taken enforcement action. - Trust No One: The Hunt for the Crypto King 00:06
In a typical situation, we would have taken enforcement acti...