Canadian Court Seizes $1 Million in Assets Linked to QuadrigaCX Co-Founder

2025-12-08 16:47

The Supreme Court of British Columbia has ruled to confiscate approximately $1 million in cash and gold linked to Michael Patryn, co-founder of the defunct cryptocurrency exchange QuadrigaCX. The assets, which include 45 gold bars, luxury watches, and over $250,000 in cash, were seized under an Unexplained Wealth Order. The court issued a default judgment as Patryn did not appear to contest the case. QuadrigaCX collapsed in 2019 following a financial shortfall and the death of its CEO, leaving creditors with only about 13 cents on the dollar.

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