Provincial officials in Canada are trying to force the surviving co-founder of defunct crypto exchange <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1697225D%20CN%20Equity”,”_id”:”0000018e-8436-dd73-a18e-c7371bc80000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>QuadrigaCX-bsp-bb-link> to explain how he came by a cash hoard, 45 gold bars and jewelry including a diamond-studded Rolex.
The Director of Civil Forfeiture in British Columbia on Wednesday sought a court order to compel Michael Patryn to detail how the seized assets — including C$250,200 ($184,310) in cash — were acquired.
An official probe in 2020 concluded that the exchange’s collapse was the result of fraud by its other founder <-bsp-person state=”{“_id”:”0000018e-8436-dd73-a18e-c7371c080000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Gerry Cotten-bsp-person>, who died unexpectedly in 2018 at age 30 while on …
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