Have You Seen BITCONNED? Netflix Releases Crypto Scam Documentary

Social media is abuzz with commentary revolving around a new Netflix documentary called “Bitconned.”

The documentary details a broad crypto scam perpetrated by Centra Tech, Ray Trapani, and Trapani’s accomplices Sohrab Sharma, and Robert Farkas.

Centra Tech rose to popularity during the bull market of 2017 through an initial coin offering that was purportedly used to fund Centra’s crypto debit card that was linked to Visa—this is what they told their investors.

Of course, there was never any Visa crypto debit card or even really a company—the entire thing was fraudulent.

Eventually, the trio and their fake company were exposed due to an investigative reporter’s probe into the fraudulent enterprise. Take a look at the Netflix trailer for the new documentary:

And now the story of three guys who exploited the freewheeling cryptocurrency market to scam millions from investors and bankroll lavish lifestyles.

Bitconned is now streaming. pic.twitter.com/6VpYL1y4Vw

— Netflix (@netflix) January 1, 2024

According to Coin Edition:

Aside from fabricating an imaginary CEO for the company, the founders also made LinkedIn profiles with fake credentials. They also disseminated false claims of partnerships with major financial institutions such as Bancorp, Visa, and Mastercard, along with alleged licenses in 38 states.

Reactions to the documentary were overwhelmingly negative, with many pointing out their clear disdain for Trapani and the scams perpetrated by the fraudulent Centra Tech.

Watching #Bitconned on Netflix and my takeaway is, Ray Tripani is a piece of shit!

He commits crimes and then throws his co-defendants under the bus. He’s a career criminal that will offend again and again. pic.twitter.com/nzV82WA6dr

— Reen (@Reenie___) January 2, 2024

There’s a new Netflix documentary about a multimillion dollar cryptocurrency scam in 2017

For some reason they named it “Bitconned” and said the word Bitcoin more than the name of the scam crypto token throughout the show 🤦‍♂️

Can we finally separate #bitcoin from crypto? pic.twitter.com/rqCtancRuY

— Eric Podwojski 🟠 (@epodrulz) January 3, 2024

Just watched Bitconned on Netflix, the case about Centra Tech.

Yet another story of fiat scammers trying to get rich by inventing “the next Bitcoin,” thousands getting rekt, and the media conflating #Bitcoin with shitcoins.

Won’t spoil it but the ending made my blood boil. pic.twitter.com/mDAjikE9Tn

— Carla 🧡⚡ (@HodlingCarla) January 3, 2024

#Bitconned parts of this are so surreal it’s actually hilarious 🤦🏼‍♀️ @Netflix_CA

— Bastos (@melbas100) January 2, 2024

Watching this Bitconned documentary on Netflix and the funniest part is that the centratech guys were scammed by a college kid pretending to be a lawyer who would help them get legitimize their illegitimate scam company🤣

— Alabi (@the_Lawrenz) January 2, 2024

Yahoo News provided an update on Trapani:

For his role in Centra Tech, the FBI arrested him in 2018. However, since he cooperated with federal authorities, he received lenient treatment. According to The Cinemaholic, Ray Trapani currently splits his time between New York and Florida. Still in his early 30s, he has a son with his partner, Kimberly Costanzo.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.