Canada Province Steps Up Probe of Gold, Rolexes in Crypto Case

Provincial officials in Canada are trying to force the surviving co-founder of defunct crypto exchange QuadrigaCX to explain how he came by a cash hoard, 45 gold bars and jewelry including a diamond-studded Rolex.

The Director of Civil Forfeiture in British Columbia on Wednesday sought a court order to compel Michael Patryn to detail how the seized assets — including C$250,200 ($184,310) in cash — were acquired.

Michael Patryn, once known as Omar Dhanani

Photographer: Orange County District Attorney’s Office

An official probe in 2020 concluded that the exchange’s collapse was the result of fraud by its other founder Gerry Cotten, who died unexpectedly in 2018 at age 30 while on ...