The director of civil forfeiture in the Canadian province of British Columbia has made an unexplained wealth order to confiscate cash, 45 gold bars, and luxury items found in a safe deposit box linked to a co-founder of the QuadrigaCX cryptocurrency exchange.
According to documents submitted to the British Columbia Supreme Court, the assets are allegedly the proceeds of criminal activities linked to Michael Patryn, a co-founder of Quadriga Coin Exchange, and Gerald Cotten. The order facilitated the seizure of a safe deposit box at CIBC Bank along with an account.Civil forfeiture has existed in British Columbia since 2006, allowing the province to confiscate property without criminal charges.
Additionally, the box contained a 45-caliber Ruger 1911 pistol with ammunition, along with identity documents bearing the names Omar Dhanani and Omar Patryn,The order contends that Patryn played a significant role in QuadrigaCX’s activities, including misappropriating customer funds and cryptocurrency, justifying the seizure of assets.
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