Bloomberg publishes a report alleging that Michael Patryn, a co-founder of QuadrigaCX, is actually convicted criminal Omar Dhanani. QuadrigaCX was one of the largest cryptocurrency exchanges in Canada that announced it had lost access to $150 million in cryptocurrencies when its founder suddenly dies in India in December last year.
Patryn left QuadrigaCX in 2016, citing a disagreement with Cotten over the listing processes for the firm. Bloomberg alleges that it has acquired official Canadian records saying that Patryn has legally changed his name twice, first losing his last name, Dhanani in 2003 and then his first name, Omar, in 2008.
Dhanani was sentenced to 18 months in US federal prison for being involved in identity theft related to both bank and credit card fraud back in 2005. California state court records also reveal that Dhanani admitted guilt in separate criminal cases for burglary, grand larceny and computer fraud. Dhanani was later deported to Canada.