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QuadrigaCX Co-Founder’s $1M in Cash and Gold Forfeited to British Columbia

QuadrigaCX Co-Founder’s $1M in Cash and Gold Forfeited to British Columbia

Author:

Global Cryptocurrency

Published:

2025-12-08 15:46:01

20

1

BTCCSquare news:

The Supreme Court of British Columbia has seized $1 million in cash and gold tied to Michael Patryn, co-founder of the collapsed cryptocurrency exchange QuadrigaCX. The assets, including 45 gold bars, luxury watches, and $250,000 in cash, were claimed under an Unexplained Wealth Order after Patryn declined to contest the forfeiture.

Authorities discovered the trove during a 2021 raid on Patryn's Vancouver safety deposit box. Among the findings were Rolex watches, a Ruger pistol, and multiple identity documents. The liquidation of these assets marks another chapter in QuadrigaCX's infamous collapse, which left thousands of crypto investors stranded.

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