Cold Wallet is loosely based on the QuadrigaCX Scandal, after the supposed death of CEO Gerald Cotten in India.
Like in the film, many suspect that Cotten had purchased a death certificate from Indian authorities; faked his death; and ran away with the proceeds of the exchange, where all of Quadriga user's crypto assets were said to be locked in a cold wallet that he held the only key to.
Obviously, here, they switched India with Kenya...and took artistic liberties with the aftermath of the whole ordeal.
With, at least some of, the storyline harkening back to SBF's FTX ponzi scheme that permanently tarnished the reputation of the crypto realm in the eyes of the average person.
The plot, here, revolves around a rag-tag team of reddit vigilantes, who have set out to expose the truth about the culprit...and, ultimately, gain access to the millions of dollars he has locked away in his cold wallet (an offline wallet designed to hold crypto assets).
While the culprit tries to play the vigilantes against one another, in a thrilling battle of wits.
The film does a pretty decent job of keeping itself open to laypeople who aren't privy to the jargon and intricacies of the crypto space.
Though, having knowledge of the realm will surely lead you to appreciate the story a little more.
It's certainly not a great film, by any means.
But it's entertaining enough of a crime-thriller to sit through and enjoy.
Though, one might argue it's a case of the truth being more intriguing than fiction.
So you might be encouraged to check out one of the documentaries on the subject as well.
Because the true story behind this film is actually pretty wild.
4 out of 10.
