Episode 3: Cracks in the Empire

With about 100 million visits per day, Pornhub is one of the biggest websites on the planet. This four-part series pulls back the curtain on the scrappy, Montreal-based startup that revolutionized sex on the internet — and the massive scandal that exposed its dark side. The Pornhub Empire, season 2 of Understood, releases March 11. Hosted by journalist Samantha Cole (How Sex Changed the Internet and the Internet Changed Sex). About Understood: Know more, now. From the fall of Sam Bankman-Fried, to the rise of Pornhub, Understood is an anthology podcast that takes you out of the daily news cycle and inside the events, people, and cultural moments you want to know more about. Over a handful of episodes, each season unfolds as a story, hosted by a well-connected reporter, and rooted in journalism you can trust. Driven by insight and fueled by curiosity…The stories of our time: Understood. More episodes are available at: https://link.chtbl.com/QcIHPpZC

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. For transcripts of this series, please visit: https://www.cbc.ca/radio/podcastnews/a-death-in-cryptoland-transcripts-listen-1.6035764

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. For transcripts of this series, please visit: https://www.cbc.ca/radio/podcastnews/a-death-in-cryptoland-transcripts-listen-1.6035764

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. For transcripts of this series, please visit: https://www.cbc.ca/radio/podcastnews/a-death-in-cryptoland-transcripts-listen-1.6035764

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. For transcripts of this series, please visit: https://www.cbc.ca/radio/podcastnews/a-death-in-cryptoland-transcripts-listen-1.6035764

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. For transcripts of this series, please visit: https://www.cbc.ca/radio/podcastnews/a-death-in-cryptoland-transcripts-listen-1.6035764

Upon checking into a luxury resort in India, Gerald Cotten complains to staff he’s feeling ill. He and his wife are taken to a hospital and within 24 hours the young CEO is declared dead. A month passes before word gets out to customers that QuadrigaCX’s CEO is gone — along with their money. For transcripts of this series, please visit: https://www.cbc.ca/radio/podcastnews/a-death-in-cryptoland-transcripts-listen-1.6035764

When news spread that Gerald Cotten, CEO of QuadrigaCX, died on his honeymoon in India — and had been dead for a month — it set off a series of events that shook the cryptocurrency world. A quarter of a billion dollars worth of customer funds was gone. Two years on, conspiracy theories persist, leaving many asking, is he really dead? A Death in Cryptoland launches May 25.