British Columbia Wins Forfeiture of Over $1 Million in Cash and Gold Linked to QuadrigaCX Co-Founder

The Supreme Court of British Columbia has ordered the forfeiture of more than $1 million in cash, gold bars and luxury items tied to QuadrigaCX co-founder Michael Patryn after he chose not to contest the case. Authorities say the assets, including 45 gold bars, high-end watches and a loaded pistol found in a Vancouver safety deposit box in 2021, were allegedly purchased with misappropriated customer funds from the failed crypto exchange. The ruling allows the province to liquidate the seized property and examine whether any proceeds can be distributed to QuadrigaCX creditors, who recovered only a small fraction of their balances in bankruptcy.