March 31, 2024
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Netflix is constantly releasing what feels like an endless stream of true crime documentaries. The Tinder Swindler captivated audiences a month or so ago, but there’s a new documentary that’s gripping the world and raising a lot of questions about cryptocurrency investments.

It’s called Trust No One: The Hunt for the Crypto King and it follows the untimely death of Gerry Cotten. He died while traveling through India in 2018, leaving up to 190 million US dollars stranded in his cryptocurrency exchange, QuadrigaCX. As the owner of the company, he refused to give anyone else the passwords to the offline cold wallets, meaning this money was effectively lost forever.

It’s a very intriguing story that is full of conspiracy theories and stories of poor investors that lost hundreds of thousands of dollars due to no fault of their own. What’s perhaps the most interesting thing about this documentary is how much you can learn from it. While the intention isn’t to teach you about crypto investments, there are plenty of lessons you cat take away to help you when you trade.

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Lesson 1: Centralized exchanges have drawbacks

In the world of cryptocurrency investments, you have both centralized exchanges (CEX) and decentralized exchanges (DEX). QuadrigaCX was the largest centralized exchange in Canada, so lots of investors trusted it. Globally, you have the likes of Coinbase and Binance as two of the most popular places to…

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