According to Foresight News, Canadian officials have applied for a court order requiring QuadrigaCX co-founder Michael Patryn to explain the source of his wealth, including approximately $180,000 in cash, 45 gold bars, and a diamond-studded Rolex watch. A judge will hear the application on April 30th. In a previously submitted document, Michael Patryn's lawyer stated that the cash, watches, and jewelry were not related to illegal activities. Following the collapse of QuadrigaCX, the Royal Canadian Mounted Police seized these assets in June 2021 from a safety deposit box at the Canadian Imperial Bank of Commerce in Vancouver.
