British Columbia Seeks to Seize Assets from QuadrigaCX Co-Founder

The Canadian province files an unexplained wealth order against Michael Patryn, aiming to confiscate cash, gold, and luxury items linked to the Quadriga crypto scam.

B.C.'s director of civil forfeiture targets over a quarter-million dollars in cash, 45 gold bars, and luxury watches in a safety deposit box owned by Michael Patryn.
Patryn, co-founder of the defunct Quadriga Coin Exchange, is believed to hold assets from the proceeds of crimes linked to the scam.
The unexplained wealth order is part of B.C.'s efforts to combat financial crime, requiring suspects to prove their assets were lawfully acquired.
Patryn has contested the order, deeming it unconstitutional, and is set to respond in court on April 30.
The QuadrigaCX scandal involved over 76,000 clients and resulted in millions in lost investor funds, sparking global interest and investigations.