Michael Patryn, co-founder of the now-defunct Quadrigacx cryptocurrency exchange, has been compelled by Canadian officers to explain the origin of his wealth. Patryn must explain how he acquired a stash of 45 gold bars, more than $180,000 in cash, and a jewelry set with a diamond-studded Rolex watch. Quadrigacx Cofounder Must Explain 45 Gold Bar…
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Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims. According to a notice to creditors published late Friday by accounting giant Ernst & Young (EY), each creditor of the exchange will receive “13.094156% of their proven claim less the levy amount payable to the Office of the Superintendent of…
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The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019. Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.” According to a May 12 notice to creditors from QuadrigaCX’s bankruptcy trustee Ernst…
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The bankrupt Canadian crypto exchange QuadrigaCX is set to commence an “interim distribution” of funds to creditors, despite only a fraction of the missing funds being recovered. “In the coming weeks, the Trustee intends to post a Notice to Affected Users providing details about the manner and procedure for the Interim Distribution and other related…
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Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors. According to a May 8 post by Miller Thomson, the law firm representing users of the defunct cryptocurrency exchange QuadrigaCX, interim distribution of funds tied to bankruptcy proceedings will be scheduled “in…
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Michael Patryn was doxed earlier this year for being the co-founder behind the DeFi project Wonderland, which collapsed shortly after. According to DeFi Llama, UwU Lend, a decentralized finance, or DeFi, protocol that acts as a money market on the Ethereum blockchain, has surpassed $50 million in total value locked (TVL). The non-custodial protocol was…
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Exploring the mysterious circumstances of the collapse of Canadian crypto exchange QuadrigaCX and the death of its founder, Gerald Cotten, Netflix’s latest documentary is storming through the platform, topping the top 10 lists across the world…. Read More: New Netflix Crypto Scam Documentary ‘Excites’ But Also ‘Razzle-Dazzles’ Read more »Pay, Trade, Buy Bitcoin with…
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Viewers of the documentary, especially those aware of the whole saga, resonated with the conspiracy theory about the founder faking his death. Netflix’s new crypto documentary titled Trust No One: The Hunt for the Crypto King was released on Wednesday amid much fanfare. The documentary is based on the mysterious death of the now-defunct crypto…
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Netflix, the world’s largest video streaming company, has announced it is working on a documentary that deals with the aftermath of the Quadrigacx saga. According to brief descriptions, the documentary titled; “Trust No One: The Hunt for the Crypto King,” deals with how the users affected by the death of Quadrigacx’s CEO Gerry Cotten try…
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Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed. Online streaming platform and production company Netflix will be producing a film on deceased crypto exchange QuadrigaCX founder Gerald Cotten. In a Sept. 23 tweet from Netflix, the platform announced Trust No One: The…
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