Cryptocurrency protocol cofounder was a serial scammer

Stefan Mileschin · 1st February 2022, 08:12

Sifu outed

Crypto Investors have been shocked to discover that the co-founder of a multi-billion dollar cryptocurrency protocol a serial scammer with a record of conviction and deportation, and co-founded of a fraudulent Canadian exchange that imploded.

Twitter user who goes by zachxbt.eth "with a track record of unmasking crypto scams and nefarious behaviour" outted "Sifu," a core member of the founding team behind the popular Avalanche-based Wonderland DeFi (or decentralized finance) protocol and its TIME token, of being Michael Patryn.

Patryn, who changed his legal name twice, was the co-founder of QuadrigaCX, a Canadian exchange that shut down after Patryn's partner Gerald Cotten suddenly died in India in 2018 while owing users around $190 million in crypto at the time's exchange rate.

Patryn and Cotten parted ways in 2016. Later, investigators determined that Cotten was operating QuadrigaCX as a Ponzi scheme near the end of its life.

https://fudzilla.com/news/54289-cryp...serial-scammer

1st February 2022, 08:12	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Cryptocurrency protocol cofounder was a serial scammer Sifu outed Crypto Investors have been shocked to discover that the co-founder of a multi-billion dollar cryptocurrency protocol a serial scammer with a record of conviction and deportation, and co-founded of a fraudulent Canadian exchange that imploded. Twitter user who goes by zachxbt.eth "with a track record of unmasking crypto scams and nefarious behaviour" outted "Sifu," a core member of the founding team behind the popular Avalanche-based Wonderland DeFi (or decentralized finance) protocol and its TIME token, of being Michael Patryn. Patryn, who changed his legal name twice, was the co-founder of QuadrigaCX, a Canadian exchange that shut down after Patryn's partner Gerald Cotten suddenly died in India in 2018 while owing users around $190 million in crypto at the time's exchange rate. Patryn and Cotten parted ways in 2016. Later, investigators determined that Cotten was operating QuadrigaCX as a Ponzi scheme near the end of its life. https://fudzilla.com/news/54289-cryp...serial-scammer

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