QuadrigaCX Co-Founder Michael Patryn is Actually Convicted Criminal Omar Dhanani, Reveals Report
According to official records cited by Bloomberg, QuadrigaCX Co-Founder Michael Patryn is convicted criminal Omar Dhanani.
An interesting new twist has been revealed in the QuadrigaCX scandal. The co-founder of the troubled Canadian crypto exchange, Michael Patryn, is reportedly a convicted criminal who changed his name twice in five years, according to a Tuesday publication by Bloomberg.
Citing official records seen by the media outlet, the report details that Patryn changed his name from Omar Dhanani to Omar Patryn in 2003 and then replacing his first name, Omar, with Michael in 2008.
Under the Omar Dhanani identity, the questionable entrepreneur was charged with identity theft and a bank and credit card scam in 2005. He pleaded guilty to operating shadowcrew.com, a now-defunct website which trafficked over 1.5 million stolen credit and bank card numbers in 2002. In 2007, Dhanani also admitted guilt in separate criminal cases for burglary, grand larceny and computer fraud.
Dhanani served 18 months in a US federal prison for some of his criminal cases and was later deported to Canada, where he reinvented himself as a cryptocurrency entrepreneur.
This is not the first time such allegations emerge. In a February report by Canada’s Globe and Mail newspaper, Patryn denied he and Dhanani were the same person and disputed a subsequent report linking him to a criminal past. However, he has not yet commented on the latest Bloomberg report, which quoted official documents from Canadian authorities and the California state court.
Patryn and Gerald Cotten founded QuadrigaCX together in 2013 but Patryn parted ways with his partner three years later due to “fundamental disagreement” over the decision of listing process of the firm. Although not involved in the platform’s operations since then, Patryn reportedly remains one of QuadrigaCX’s largest shareholders.
According to his LinkedIn profile, Patryn is now based in Vietnam, and has been serving as founder and chairman at fintech Ventures Group (FVG), a Canada-based blockchain incubator.
QuadrigaCX closed in January after announcing its cold wallets had become inaccessible due to Cotten’ sudden death. QuadrigaCX is now ongoing legal and financial proceedings amid the controversy over the missing $190 million funds, having appointed Ernst & Young as an independent monitor in its creditor protection case.