Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Michael Patryn of QuadrigaCX targeted for unexplained disorder
ADOPTION NEWS

Michael Patryn of QuadrigaCX targeted for unexplained disorder

By Crypto FlexsMarch 28, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Michael Patryn of QuadrigaCX targeted for unexplained disorder
Share
Facebook Twitter LinkedIn Pinterest Email
Legal • March 28, 2024 4:31 AM EDT

Posted 1 minute ago In ~

QuadrigaCX co-founder Michael Patryn, known as “Sifu” in the DeFi community, has become the target of a new type of court order in British Columbia forcing him to explain how he acquired assets.

“Today we filed our third application for an unexplained property order with the Supreme Court of British Columbia,” said Public Safety Minister Mike Farnworth in a statement. “It is a strong demonstration of our government’s will,” he said. .

QuadrigaCX is a now-defunct cryptocurrency exchange that went bankrupt in 2019 following the disappearance and apparent death of CEO Gerald Cotten.

“Thousands of people have lost their life savings due to the transnational criminal activities of Quadriga Coin Exchange (Quadriga CX),” Farnworth explained.

If the application is successful, $250,200 in cash, 45 gold bars, four luxury watches and various expensive jewelery will be forfeited.

“Gold bullion is highly liquid and can be a flashy luxury item like jewelery or a Rolex watch, but it also attracts the attention of police and governments,” Farnworth added. “If it’s the proceeds of criminal activity, we’ll go after fraud, drug trafficking, money laundering, etc.”

There are also allegations that Patryn was heavily involved in the misappropriation of customer funds and cryptocurrency, but Patryn’s lawyers argue the investigation is unconstitutional.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and is the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded and served as Editor-in-Chief of BeInCrypto.com, growing it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Taiko, ‘ZK rollup equivalent to Ethereum’, raises $15 million

March 2, 2024

As Bitcoin ranges closer to $100,000, traders watch DOGE, SUI, PEPE, and FTM.

December 9, 2024

Most advanced altcoins: Chainlink, Cardano, Polkadot

March 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.