New Netflix Crypto Scam Documentary ‘Excites’ But Also ‘Razzle-Dazzles’

Last updated: | 2 min read
‘Trust No One: The Hunt for the Crypto King’, a video screenshot. Source: Netflix / YouTube


Exploring the mysterious circumstances of the collapse of Canadian crypto exchange QuadrigaCX and the death of its founder, Gerald Cotten, Netflix’s latest documentary is storming through the platform, topping the top 10 lists across the world.

“When I think of somebody who’s a criminal mastermind, who’s devious, calculating, cunning, what we don’t think of is a geeky 24-year-old,” an alleged anonymous victim of the exchange that turned out to be a scam, says in the movie’s trailer.

Cotten passed away in 2018, and an inquiry into the collapse of QuadrigaCX reportedly revealed that the exchange and associated entities left some 76,000 creditors short of some CAD 215.7m (USD 172.7m) after only CAD 28m in assets had turned up, per Ottawa Citizen.

The 90-minute documentary, ‘Trust No One: The Hunt for the Crypto King’, has amassed mixed reviews on the popular website IMDb, where reviewers gave it an average score of 6.4 out of 10.

“Was he murdered? Did he fake his own death? Or did he just die? Trust No One: The Hunt for the Crypto King is a fresh, exciting look at a cryptocurrency superstar’s death,” says a review in The Guardian, saying the documentary was “wild, conspiracy-filled,” but also a movie “you can’t resist”.

Meanwhile, the review in The New York Times provides a less positive view on the film compared with the British paper, stating it “relies on razzle-dazzle to deflect from an emptiness of insight.”

Director Luke Sewell “does speak to journalists and experts who offer some coherent analysis,” according to the Times. “Had the movie prioritized such clearheadedness over crude true crime tropes, it might have emerged as a sharp window into the dangers of speculation — both in the purchase of assets and on conspiratorial Reddit boards. Instead, this sensational documentary feels bankrupt at its core,” it said. 


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