Is Crypto Boy on Netflix based on a true story?

By Louie Fecou
Published: October 20, 2023 (Last updated: December 13, 2023)
Is Crypto Boy on Netflix based on a true story?

The Netflix film Crypto Boy feels as if the details could all have come from a real-life story. With so many social media influencers and crypto kings, constantly involved in promoting their own crypto coins and NFTs before often letting their own fan base down in regards to the project’s resolution, it’s easy to imagine Crypto Boy being based on a true story. But is it? Well, we’re going to tell you. The short answer is “no”, but it’s a bit more complicated than that.

It’s a well-worn story that you can find plenty of points of view on if you are interested; Coffeezilla’s YouTube channel often covers this kind of content in an entertaining and original way, with the kind of research that mainstream media would do well to emulate.

Crypto Boy Movie Plot Explained

This particular Netflix movie follows the story of a headstrong young man who is at odds with the family business run by his father and decides to take a different path.

We follow the story of twenty-year-old Amir, fed up with the day-to-day slog of working for the family business and looking for a new life.

His chance arrives when he meets Roy, a crypto entrepreneur who shows him a way to make a lot of money. However, the family is not happy with the decision and Amir’s father feels he may be heading into trouble.

Is Crypto Boy on Netflix based on a true story?

Crypto Boy is not based on a true story. Although the film has very familiar elements to it, the actual screenplay is not based on real people or events.

The movie was directed by Shady El-Hamus, and this is his second collaboration with Netflix on a project. It was written by El-Hamus and Jeroen Scholten van Aschat, whom he previously worked with on Forever Rich and About That Life.

El-Hamus cast his brother and his father in roles for the film, but the film is a work of fiction.

What was the inspiration for Crypto Boy?

The inspiration for the film may simply be from real-life instances of people becoming involved in crypto schemes, and regretting that involvement.

In the film, things initially go well for Amir, but it is not long before the house of cards his success is built upon begins to collapse, a situation that many people in this arena have experienced.

In the film, the business that Amir becomes invested in turns out to look more like a pyramid scheme than a solid investment, and this has often been the case in real life too.

Unfortunately, many people have been lured into attractive propositions by crypto influencers, but there are lots of terrible stories of people being duped, investing money into projects that collapse, or become “rug pulled”, leaving those that have placed their money into the scheme destitute.

Although there have been a lot of people who have made money from cryptocurrency, the film explores what has happened to many people before in the real world who lost everything through bad investments.

It is a grim reminder that if something seems too good to be true, it’s probably a cryptocurrency scheme.


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