World news, local voices. Nothing is Foreign is a weekly trip to where the story is unfolding. Hosted by Tamara Khandaker. This episode takes you inside El Salvador to hear from locals to see how the promise of a cryptocurrency paradise by a self-professed 'world's coolest dictator' is running up against the reality of regular people just trying to survive. More episodes are available at: http://hyperurl.co/nothingisforeign
A Death In Cryptoland - Transcripts
When the young CEO of Canada’s largest cryptocurrency exchange is reported to have died while honeymooning in India, it sets off a cataclysmic chain of events that would leave about 76,000 people out of a quarter of a billion dollars and a trail of conspiracy theories around whether Gerald Cotten is dead or alive. A Death in Cryptoland is an original podcast series about a crypto-tycoon, his secret past, his sudden demise, and an online sleuth’s obsession to unravel the truth behind QuadrigaCX. Hosted by Takara Small.
The revelation that Gerry’s house of cards had been falling apart — just as he’s reported dead in India — leaves people wondering: is this an exit scheme? Could Gerry still be alive? From buying a death certificate to Haitian zombie powder, people talk about the conspiracy theories.
As financial investigators struggle to find any of the missing quarter of a billion dollars, they begin to make some bizarre discoveries around how the exchange had operated — finding funny business from the very start.
Despite Michael Patryn’s denials that he’s a fraudster named Omar Dhanani, customers aren’t buying it. They’re demanding proof. A mugshot. A secret service agent, a felon-turned podcaster, and a childhood friend tell the story of Omar, the man Michael insists he’s not.
Gerald Cotten and his business partner, Michael Patryn, launch QuadrigaCX on Boxing Day, 2013. There’s hype in the budding Bitcoin community and the small exchange seems to have a meteoric rise. But cracks begin to appear, problems with the banks, a software bug, and delays in paying back customers. Meanwhile, online rumours of a criminal past dog Michael Patryn.
QuadrigaCX collapses and there’s widespread panic. An online sleuth searches for answers through a tangle of websites, hidden identities and a trail of emails. He uncovers a pattern of deception that predates his exchange, linking Gerry to a shadowy underworld of fraudsters.