The QuadrigaCX exchange situation has headlined many articles so far this year, as further details have rolled in. Added information has surfaced regarding a stated formerly involved party.
Who is Michael Patryn?
Bloomberg, in a report today, posted details on cofounder Michael Patryn who, along with the now-deceased Gerry Cotten, formed Quadriga several years ago. Patryn has a checkered past, according to this newly-presented information.
The media outlet pointed out Patryn previously served time for “identity theft related to a bank-and-credit card scam.” Authorities dealt the QuadrigaCX cofounder “18 months in U.S. federal prison and, later, deportation to Canada,” Bloomberg detailed.
Regarding Patryn’s mentioned criminal past, the news outlet wrote he worked with a site that dealt in pilfered payment card digits, called shadowcrew.com, conceding his guilt in 2005. Additionally, roughly two years later, Patryn plead guilty to accounts of grand larceny, computer fraud and burglary, as revealed by Bloomberg in reference to information from California state court records.
Patryn denied he was Dhanani in a Feb. 8 report in Canada’s Globe and Mail newspaper and disputed a subsequent report linking him to a criminal past. But Canadian records obtained by Bloomberg News confirm he legally changed his name — twice: in 2003 and in 2008.”
Prior Quadriga situation
CoinDesk has followed the developments that have continued to come out, and the ongoing proceedings. The crypto media site included that Ernst & Young Inc. (EY) saw assignment to the case, and that amounts of remaining customer funds were sent to cold storage under the watch of EY.