This is the story of Gerald Cotten and the many people who ended up with empty bank accounts after investing in his Bitcoin cryptocurrency exchange, QuadrigaCX. What does a crypto exchange do? The movie explains it concisely and it almost makes sense: A guy like Cotten takes an investment, converts it to Bitcoin and trades it in hopes of turning a profit, kind of like a stock day trader does. Cotten ’s described as a nerdy guy who felt like an outcast, but found a community of like-minded types in the cryptocurrency world.
Cotten was in India when he got sick and unexpectedly died; he was 30. At the time, QuadrigaCX was Canada’s biggest crypto exchange, holding north of $200 million. But nobody could access the keys and passwords to the company’s accounts and, against conventional wisdom, the company had no safeguards to stop such a thing from happening. Everyone who invested their money was left grasping at empty air. Internet forums foster ideas such as Cotten faked his death and took the money. The journalists and forensic accountants who lend the voice of reason, explores the oddities in the Cotten narrative, ruling out some of the crazier stuff in a quest for the truth.