Cryptocurrency protocol cofounder was a serial scammer

Stefan Mileschin · 1st February 2022, 07:12

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, 07:12	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,964	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

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Computer scammer gets seven and a half years	Stefan Mileschin	WebNews	0	8th June 2021 08:05
Big hole found in Microsoft protocol	Stefan Mileschin	WebNews	0	15th August 2019 12:56
WiFi security protocol borked	Stefan Mileschin	WebNews	0	19th October 2017 18:14
Nigerian email scammer stung by his own malware	Stefan Mileschin	WebNews	0	8th August 2016 14:25
Catching up with BioWare cofounder Greg Zeschuk	Stefan Mileschin	WebNews	0	9th March 2015 06:09
RIM cofounder Jim Balsillie dumps 26.8 million shares	Stefan Mileschin	WebNews	0	18th February 2013 07:24
The Skype protocol has been reverse engineered	jmke	WebNews	0	6th June 2011 14:13
15 years in 3D: NVIDIA cofounder Chris Malachowsky speaks	jmke	WebNews	4	4th September 2008 09:50
IPv6 - A Look At The Next Generation Internet Protocol	Sidney	WebNews	0	24th June 2005 01:58
New Web Protocol May Leave DSL in the Dust	jmke	WebNews	0	17th April 2004 13:24