Crypto Scandals: Trust No One, Bitconned, The Biggest Heist Ever, Crypto Boy, Crypto
Trader's Film Library #70 · Crypto. A catalogue of warning signs, crypto edition.
Original title: Trust No One · Bitconned · Biggest Heist Ever · Crypto Boy · Crypto · Type: documentaries and films · Created by: various · Usefulness for traders: ★★☆☆☆
What it's about
Five productions about the dark side of crypto. “Trust No One: The Hunt for the Crypto King” (Netflix, 2022): the death of the head of the QuadrigaCX exchange and the disappearance of clients' money. “Bitconned” (Netflix, 2024): the people behind the fake Centra Tech project. “Biggest Heist Ever” (Netflix, 2024): a couple accused of laundering bitcoins stolen from the Bitfinex exchange in 2016. “Crypto Boy” (2023) is a Dutch feature film, and “Crypto” (2019) an American thriller about money laundering.
What it has to do with markets
The common denominator: no oversight, trust in a single person and the promise of easy profit. The same warning signs apply to every market and every “opportunity”.
Lessons for traders
- don't keep funds where you're not sure how they're protected
- a promise of guaranteed profit is a warning sign
- regulation, margin and oversight are part of a trader's safety (Ask Lucas: why MYM?)
What to watch out for
Mostly true crime. Little about trading itself.
Discussion
The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →
Navigation
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The description outlines the plot without revealing the ending where possible (true stories have a known outcome). Educational content, not investment advice.