Steven Soderbergh is turning up the heat on cryptocurrency scams in thriller “Cold Wallet.”

Soderbergh officially presents the feature, directed by Cutter Hodierne (“Fishing Without Nets”). “Cold Wallet” is set to premiere at the 2024 SXSW Film & TV Festival on March 8 as part of the Narrative Spotlight section; the film is among IndieWire’s must-see picks for the festival.

“This smart, spiky, off-center take on the vigilante genre really kept me engrossed in a how-much-crazier-is-this-going-to-get way, which I love,” Soderbergh said in a press statement after “Cold Wallet” won the Decentralized Pictures and Soderbergh’s Andrews/Bernard Award.

The official synopsis reads: “After losing everything in a cryptocurrency scam, a ragtag team of vigilante Redditors attempt to kidnap the kingpin who screwed them over. But when the home invasion takes a turn for the worst, they become victims in a sadistic game.”

“’Cold Wallet’ is a pulp crime thriller — a battle cry of the common man, and an expression of America’s economic desperation. A kidnapping gone horribly wrong through a heart-pounding Robin Hood revenge story in the era of cryptocurrencies and disinformation, set in a Robber Baron mansion from the Gilded Age,” said Hodierne in a director’s statement. “We’re all being screwed by the financial institutions around us, and finally here’s a group of characters actually getting back at that institution on behalf of all of us.”

The film stars Raúl Castillo, Melonie Diaz, Tony Cavalero, Zoe Winters, and Josh Brener.

Soderbergh, who debuted his own thriller “Presence” at the 2024 Sundance Film Festival, has recently produced a slew of features from rising filmmakers. The “sex, lies, and videotape” director executive produced Eddie Alcazar’s “Divinity” and is set to produce the film Memories of Love Returned” and the documentary “Dad Strangelove.” He also produced the TV limited series “Full Circle.”

“Cold Wallet” premieres March 8 at the SXSW Film & TV Festival. The film is currently seeking distribution. Check out the teaser below.

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