Michael Patryn is well known as the treasurer of Wonderland and a co-founder of Quadriga whose story is reflected in the new Netflix documentary. Continue reading the article to learn more about the businessman.
Michael Patryn has once again resurfaced on the internet following the Netflix criminal documentary, “Trust No One: The Hunt for the Crypto King”.
The story focuses on Michael and Gerald W. Cotten, the founder of the Canadian cryptocurrency exchange Quadriga CX, who died in 2018.
Who Is Michael Patryn?- Wikipedia Of A Treasurer Of Wonderland
Michael Patryn is the previous treasury manager for Wonderland’s decentralized finance (DeFi) project. Patryn does not have a Wikipedia page of his own but there are several websites that provide information on him.
He was asked to step down from his post at Wonderland, which bills itself as the “first decentralized cross-chain reserve money system on the TIME token.”
It all began in January 2022 when a popular on-chain analyst zachxbt revealed on Twitter that 0xSifu, the pseudonymous treasury manager for DeFi project is Michael.
He was initially the co-founder of a notorious Canadian crypto exchange that defrauded investors out of up to $190 million.
Furthermore, it was revealed that Patryn is actually Omar Dhanani, a former money launderer with connections to an identity theft ring called Shadowcrew.
Shadowcrew was used by individuals to sell stolen credit card information and bank card details. Omar supplied electric money laundering services under multiple identities and received a 10% commission.
Eventually, he was even sentenced to federal prison for identity theft in 2004. His mugshots assisted police in identifying that Patryn and Dhanani are the same individuals.
Michael Patryn Association With Quadriga Scheme & Net Worth 2022
Michael Patryn has the most egregious history of participating in the Quadriga Scheme. The net worth of the businessman is estimated to be $5million as of now, however, it is simply based on our assumption and may not be a precise figure.
According to cinemaholic, Michael and Gerry Cotten founded Quadriga in 2013, where Michael was a co-founder who funded the project. However, his affiliation with Quadriga was well suppressed.
According to research into the website’s initial domain name, the site was registered to Patryn rather than Cotten. Cotten died in December 2018 after returning from a trip to India.
Leaving over $190 million in bitcoin owing to 115,000 clients unaccounted for, according to reports. The whereabouts of the monies are unknown till now.
Quadriga officials stated that only Cotten had access to the secret keys containing millions of dollars in customer accounts.
Does Michael Patryn Have a Wife?- Family Details
Michael Patryn has not said anything about his wife, but there are several reports that depict Lovie Horner as his partner. Similarly, the family details about the businessman are private till now.
According to Amycastor, Horner has a background in fashion design but is involved in several crypto networks with Patryn.
Horner joined QuadrigaCX in 2015 as VP of business development. However, when Patryn departed the company in 2016, she left her job along with him.
According to reports, she owns 11% of the QuadrigaCX.
Is Michael Patryn In Jail?
No, Michael Patryn is not in jail as of now. Patryn was previously imprisoned for 18 months for fraud in 2004.
But nothing recently indicates that he was charged with anything related to Quadriga. Because of Cotten’s death, no formal criminal inquiry was conducted.
Furthermore, since the revelation of his name as a treasure of Wonderland, he has been absent from social media. Aside from that, Michael has avoided social media and appears to have strictly guarded his movements.