BC Supreme Court Declares QuadrigaCX Co-Founder Missing

British Columbia Supreme Court Holds $1 Million Worth of Assets

British Columbia Supreme Court has ordered the government to seize a total of $1 million in cash and gold belonging to Michael Patryn, co-founder of QuadrigaCX. Patryn did not contest the seizure of the assets. This process involved the confiscation of a total of 45 gold bars, luxury watches, and more than $250,000 in cash under the Seizure of Hidden Assets Order.

The confiscation may open the way for determining whether any assets can be directed for the creditors of QuadrigaCX. It should be noted that these creditors have only been able to recover 13 cents on the dollar under the bankruptcy agreement.