BC Supreme Court Declares QuadrigaCX Co-Founder Missing

British Columbia Supreme Court Holds $1 Million Worth of Assets

British Columbia Supreme Court has ruled the forfeiture of a total of $1 million worth of cash and gold belonging to Michael Patryn, a co-founder of QuadrigaCX. Patryn did not contest the seizure of the assets. In this process, a total of 45 gold bars, luxury watches, and more than $250,000 in cash were forfeited under a Seizure Asset Order.

The forfeiture may pave the way for a process to determine whether any assets can be directed for QuadrigaCX's creditors. It should be noted that these creditors have only been able to recover 13 cents on the dollar under the bankruptcy settlement.