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British Columbia Seizes $1M in Cash and Gold Linked to QuadrigaCX Co-Founder

British Columbia Seizes $1M in Cash and Gold Linked to QuadrigaCX Co-Founder

Author:

Global Cryptocurrency

Published:

2025-12-08 13:51:01

25

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BTCCSquare news:

British Columbia has secured a landmark victory under its unexplained wealth order regime, forfeiting over $1 million in assets tied to QuadrigaCX co-founder Michael Patryn. The Supreme Court granted the seizure after Patryn declined to contest the action.

Authorities discovered 45 Gold bars, luxury watches, and a loaded pistol in a Vancouver safety deposit box during a 2021 RCMP investigation. The haul—including Rolexes, Chanel jewelry, and $250,000 cash—is alleged to stem from misappropriated QuadrigaCX customer funds.

At current prices, the gold alone exceeds $800,000 in value. The case marks one of British Columbia’s most significant anti-money laundering enforcements since implementing new asset recovery tools.

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