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Why is nobody talking about the convicted felon, Omar Dhanani aka Michael Patryn, who is a co-founder and majority shareholder of Quadriga? Dhanani is very much alive, and is known to have been involved in money laundering schemes. If I were an investigator in this case, that is the first door I would go knocking at.
But believed to be a minority shareholder, not majority.
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As a mod for r/CrohnsDisease, it really sucks that this is how most people are first hearing about the disease. Those with IBD already have a difficult time with people not believing they’re sick or that symptoms aren’t that bad since they’re not visible. Now Crohn’s will be associated with this fool using it as an excuse to steal a bunch of money... such a huge disappointment.
I really doubt that this is how most people are first hearing of Crohn's disease.
Why is nobody talking about the convicted felon, Omar Dhanani aka Michael Patryn, who is a co-founder and majority shareholder of Quadriga? Dhanani is very much alive, and is known to have been involved in money laundering schemes. If I were an investigator in this case, that is the first door I would go knocking at.
For some reason this sounds like the plot of a movie starring Leonardo DiCaprio. CEO of Crypto Company... 1) Takes time off to build orphanage in region noted for fake deaths. 2) Subsequently dies unexpectedly. 3) Is immediately cremated. 4) Wife waits a month before saying "oh by the way he is dead" 5) Wife claims all keys on encrypted laptop 6) World watches as wallets mysteriously empty 7) Experts crack laptop 8)…
Perhaps blockchains’ lasting impact will be as an overused plot device in future period pieces set in the early 21st century.
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That is publicly available for everyone to read?
That points to a tumble service address where it disappears forever in Monero land?
Rumour has it the exchange did this anyway as it was short/long on different coins. They lost a ton of ether in the past, so they may have had to do such switcheroos for a while.
Banks and actual currencies still have a bright future.
People might complain about banks, but when you have cases of fraud at least you have people try to recover it. Government makes you keep pretty good records. In this case how do you undo the blockchain? In this case what recourse do you have.
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1. If the coins were moved through tumblers that would be detectable and highly suspicious. 2. Safely tumbling large quantities of coins is especially difficult. At this scale I would wager twenty dollars that blockchain analysis should be able to trace at least some of the coins with high confidence. 3. It is rumored that many tumblers are run by law enforcement.
Outside the sphere of crypto, this is called "washing" or "laundering" ("cleaned", etc. Anything along this line). "Laundering" is the legal term). Such acts are typically traceable, but generally fly under the radar. Once someone is aware that the money is being washed it is usually uncovered (AFAIK). Washing crypto would seem even more difficult because transactions are all accounted for. So I'd assume a cleaner wo…
The lack of an auditable cold wallet was a huge red flag. So was their multimillion ether loss (how would they cover that!?!?).
But even with public cold wallets, the public doesn’t know how much crypto or fiat is owed to users.
Why is nobody talking about the convicted felon, Omar Dhanani aka Michael Patryn, who is a co-founder and majority shareholder of Quadriga? Dhanani is very much alive, and is known to have been involved in money laundering schemes. If I were an investigator in this case, that is the first door I would go knocking at.
Here you go: https://www.theglobeandmail.com/business/article-quadriga-co... But believed to be a minority shareholder, not majority.
For some reason this sounds like the plot of a movie starring Leonardo DiCaprio. CEO of Crypto Company... 1) Takes time off to build orphanage in region noted for fake deaths. 2) Subsequently dies unexpectedly. 3) Is immediately cremated. 4) Wife waits a month before saying "oh by the way he is dead" 5) Wife claims all keys on encrypted laptop 6) World watches as wallets mysteriously empty 7) Experts crack laptop 8)…
There is a place that is known for this specifically? Where can I read more about this?