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BC Supreme Court Orders Forfeiture of $1 Million in Cash and Gold Linked to QuadrigaCX Co-Founder Michael Patryn
The Supreme Court of British Columbia has ordered the forfeiture of approximately $1 million in cash, gold, and luxury items tied to QuadrigaCX co-founder Michael Patryn. The assets—seized in 2021 under an Unexplained Wealth Order—will now be liquidated after Patryn withdrew his legal response, marking a significant step in the province’s civil action linked to the infamous crypto exchange’s collapse.
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Canada tax agency targets 2,500 Dapper Labs users over C$72M in crypto taxes as probes yield no charges since 2020
Canada’s tax authority has stepped up crypto enforcement by focusing a probe on 2,500 Dapper Labs users linked to about C$72 million ($54 million) in suspected unpaid taxes, according to The Canadian Press. A court approved an “unnamed persons requirement” in September allowing officials to obtain user data. Despite recovering more than C$100 million through crypto audits over the past three years, the agency has not brought criminal charges in any crypto tax case since 2020.
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