Não Confie em Ninguém: A Caça ao Rei da Criptomoeda

Being a documentary/movie made on cryptocurrency, this is sure to get a lot of views. Once again netflix goes the route of speculative stories and tries to make something more confusing that cutting to the chase.

The good thing about this is that they did not drag this out unnecessarily and wrapped it up in 1.30 hours. Worth a watch but don't expect a lot.

The documentary is about an understandably disgruntled group of duped investors, who started an "online investigation" on the untimely demise of Cotten, the founder of Quadriga, a cryptocurrency scam scheme. Cotten died during a trip to India with his mysterious wife Jen. But the documentary doesn't clarify much about Cotten or whatever happened to the $150.000 million he allegedly embezzled.

Quadriga, the shiny Canadian cryptocurrency company created by Cotten attracted young, nerdy, greedy guys who wanted to be millionaires before the age of 30 and invested all their money in an online company about which they knew next to nothing, just to show to the world how smart they were... and they ended with nothing because Cotten was smarter than them.

Reading the other reviews it seems like what struck most the audience was the misfortunate guy who invested all his money ($400.000) to save the 2% a bank would have charged him for a withdrawal. Not only that, but this guy's desperate move was fuelled by the fact that he took a loan for $85.000 to invest in cryptocurrency, and when the value started to drop, he had to withdraw what he could and even sell his house to pay his debt and start over... with exactly nothing, because he invested in Gerry Cotten's Ponzi scheme, AKA QuadrigaCX.

All this sounds so unreal because taking place in the online universe but having no money left is a real enough situation and while Cotten owned some $11 million in tangible assets, his investors lost everything.

Jen was not available to be interviewed, so the big mystery lies with her: did she kill Cotten? Did she help him to disappear? Was she duped like the investors? The investigation should have been a tad more accurate but perhaps the sense of irreality proves the intangibility of this new, albeit still cruel world some people live in.

I watched this, and while I found it entertaining, it raised more questions than answers. I can't fathom why they didn't interview or at least investigate in more depth certain people. No interview with the reluctant wife I can understand, but what about Cotten's parents? Was the shady doctor the only staff at the hospital that the reporter talked to? I can think of a dozen questions that go unanswered. Ultimately, this documentary was a bit disappointing.

Over the next few years this same story will be told again many times, when you allow an international Ponzi scheme to go on for so long and I'm talking about cryptocurrency as a whole, unregulated, this is what happens. There's many exchanges across the world that have popped up and down in no time claiming to be regulated by FCA etc but ultimately until serious regulation is in place, this space will remain the Wild West.

The guy that transferred 400k in one transaction without doing any testing on that exchange needs his head testing.

Good documentary, if your not familiar with the world of crypto watch it, it shouldn't necessarily put you off investing, do your due diligence before you do.

The sister is as transparent as a pane of glass, don't believe a word she says.

For what it's worth, I doubt the death certificate is worth the paper it's written on, certainly not as much as the doctor received for producing it.

This documentary focuses on the conspiracy theory on the death of the founder rather than his wrong doings. They reason for investors losing money is explained at the end in just 5 mins. Rest of the time is spent on new conspiracy theories. One of the highlights is the person who wanted to save 2% bank charges and put all his money on this fraud company.