Is bitcoin a wise investment now? Talk Business

Customers of the bitcoin exchange lost all the money because its head died

For almost a year, the story with one of Canada's largest cryptocurrency exchanges, Quadriga CX, has been going on. In early 2019, the company announced the death of the head of the company — 30-year-old Gerald Cotten. She added that only he knew the passwords and keys to the wallets where tens of thousands of users ' bitcoins are stored. This was ostensibly his security measure, but because of this, Quadriga CX cannot refund customers.
Such an unusual situation, as well as mysterious details from the past and the circumstances of Cotten's death, have led to theories that the head of the exchange actually fabricated his death to hide with users ' cryptocurrency-that's $ 160 million.
By December 2019, suspicions had reached such a stage that Quadriga CX depositors demanded the exhumation of the body. All to make sure that Gerald Cotten is really dead and not hiding with their bitcoins.
One person for all passwords
Cotten's death was announced in January 2019, with 9 December 2018 as the date of death. According to Quadriga CX, the CEO of the company died from complications of Crohn's disease on the way to the opening of an orphanage in India. And his death was not the only tragedy-the exchange's customers learned that only he had access to their bitcoins.
We are talking about "cold" wallets without access to the Internet, which are considered one of the most reliable means to store cryptocurrency. Passwords from them and encryption keys knew only Cotten, according to Quadriga CX, as he wanted to ensure maximum security.
As a result, the cryptocurrency savings of more than 75 thousand people were in limbo. That's about $ 160 million.
The wife of the deceased Jennifer Cotten said she tried to find recovery codes, but "repeated intensified searches" came to nothing. "My husband did most of his business from his encrypted laptop, but I don't know the password," she said. According to Jennifer, over the hacking of the laptop fought several experts and one managed to crack email. But the messages there are supposedly not just encrypted, but self-destruct.
On January 28, the Quadriga CX website went offline, and representatives of the company almost stopped communicating with customers. Then there was speculation on Reddit: what if Gerald Cotten faked his death to appropriate the money for himself? And together with journalists, they began their investigation.
Reasons for doubt
The doubts of Quadriga CX customers can be understood: there are many suspicious factors in the story. It all started with the cause of death-Crohn's disease, a chronic inflammatory bowel disease that rarely ends in death.
According to Reddit users, Cotten "died extremely well" in India, where there are more opportunities to fake a death than in Canada. The wife of the head of Quadriga CX published the death certificate as evidence, but she was no longer believed.
Further-more. Cotten had changed his will two weeks before his trip to India, leaving his wife a large inheritance. Among the items in the will: two houses in different regions of Canada, two cars, a yacht and a small Cessna 400 plane. Cotten's total assets are nearly $ 10 million.
At the same time, Quadriga CX experienced financial problems throughout 2018. The crypto exchange entered the market in 2013 and became one of the local leaders, but since the beginning of 2018 it has been "at war" with The canadian Imperial Bank (CIBC), which froze $ 22 million without an established owner. At the same time, customers began to complain that they could not access the cryptocurrency.
According to the publication Decrypt, the popularity of the platform gradually fell, and Cotten blamed the traditional banking system of Canada, which put a spoke in the wheels of the cryptocurrency community. In early December, representatives of Quadriga CX announced that the problems with CIBC were solved-a few days before the death of the head of the company.
In February, the Nova Scotia Supreme court appointed audit firm Ernst & Young to review all financial transactions of the cryptocurrency exchange. The Agency's investigation revealed "significant problems and irregularities" in the management of the Quadriga CX.
According to experts Ernst & Young, those encrypted" cold " wallets were not 160 million dollars, but several hundred thousand. Presumably, Cotten transferred large amounts of client deposits to his personal accounts, hidden behind pseudonyms.
The widow Cotten disavowed her husband's actions, saying she knew nothing about it. Auditors managed to track down and return a small part of the funds to customers, another part was paid by Jennifer Cotten. But thousands of crypto investors were still left without their deposits. Quadriga CX started the procedure of bankruptcy.
Skeletons in the closet
The most active clients of the cryptocurrency exchange, confident that Cotten is still alive, organized an investigative Telegram chat "Quadriga Uncovered". The number of participants in the chat numbered 500 people, periodically there were journalists and even FBI agents who were also interested in the story. In total, according to media reports, four different services from different countries are involved in the case.
Internet detectives began to study Cotten's youth and discovered that as early as 2003 He was an active user of the TalkGold forum, where "high-yield investment projects"were shared and discussed. Most of them are classic financial pyramids. Cotten supposedly launched at least a few similar projects, promoting them on the forum. He was 15 years old.
At some point, Cotten met Michael Patrin, with whom They later founded Quadriga CX. Representatives of the canadian cryptocurrency industry recalled that Patrin appeared in the community suddenly: "It quickly became clear that he is not who he claims to be. Sometimes he introduced himself as Michael from India, sometimes as Michael from Pakistan, sometimes as Michael from Italy. But he knew what he was doing."
Canadian media claim that Michael Patrin is the pseudonym of Omar Danani, and he used to live in California. Danani was found guilty of fraud and money laundering, he spent 18 months in prison. He was linked to the website Shadowcrew, where stolen credit cards and Bank card numbers were traded.
In 2007, Omar was released, after which he allegedly moved to Canada and changed his name. Initially he was Omar Patrin, and a year later he became Michael Patrin. The co-founder of Quadriga CX has denied this information several times.
To dig and prove
The story of the cryptocurrency exchange has been going on for more than a year. Quadriga CX users have filed a class action lawsuit against the platform, but it is already considered bankrupt. During this time, journalists and Internet detectives have formulated three main versions of what could happen to 160 million dollars in cryptocurrency.
Cotten did die, but his death was used to hide the fact that the Quadriga CX had no money. The company was experiencing financial difficulties, the head of the company transferred money to himself, and the startup itself could "burn out" on unsuccessful cryptocurrency trading. Perhaps, after Cotten's death, the management decided that it was possible to cover their tracks with a story about passwords from wallets;
Quadriga CX-originally a fraudulent firm through which Cotten and Omar Danani (aka Michael Patrin) engaged in money laundering. This is indicated by details from the past of both co founders of the company;
The failure of the Quadriga CX is simply the result of terrible management of the company. As the business grew, Cotten failed. There are approximately 215 cryptocurrency exchanges in the world. 36 exchanges closed for various reasons. Perhaps the story of Quadriga CX is just another failure in the cryptocurrency market.
Many interlocutors of canadian journalists from employees of cryptocurrency companies, as well as doctors specializing in Crohn's disease, believe that Gerald Cotten died for real. But if so, depositors are unlikely to get their money and bitcoins back. So it's probably easier for them to believe in a conspiracy.
In December 2019, users of the Quadriga CX demanded that Cotten's body be exhumed. Law firm Miller Thomson, representing the interests of investors, justified this "questionable circumstances" of the death of the head of the company. Cotten's widow and former Quadriga CX management oppose the grave opening. The decision on exhumation will be made by the spring of 2020
More https://www.youtube.com/channel/UCmYpavSD9aALIt_lhde2Ewg?view_as=subscriber
submitted by chapikla to u/chapikla [link] [comments]

Clear link between Micheal Patryn and Omar Dhanani

Notice Micheal Patryn and Nazmin Dhanani are listed as officers in the company MPD Advertising: https://www.companiesofcanada.com/company/726420-8/mpd-advertising-inc

Also Intraday56 Explained it well here https://www.reddit.com/BitcoinCA/comments/7nt7ys/question_is_quadrigacx_legit_with_all_the/ds4ihco (copied and pasted for your convenience):
"Michael Patryn is one of the founders of Quadrigacx. He is part of a criminal mafia mob and has been to jail before for carding theft, ID theft and ponzi schemes. His real name is Omar Dhanani. Here's an article from coindesk that names Patryn as the cofounder of QuadrigaCx:
https://www.coindesk.com/bitcoin-exchange-quadriga-public-reverse-takeover
Omar Dhanani aka Michael Patryn was one of 6 men arrested for internet ID theft and credit card conspiracy fraud back in 2005. They were operating Shadowcrew.com, a web mob of highly organized criminals. For more info google ShadowCrew.
https://www.justice.gov/archive/opa/p2005/Novembe05_crm_619.html
At the time ShadowCrew was busted by the US Secret Service Omar Dhanani was a resident of Fountain Valley, California. A search on Intelius lists Omar R. Dhanani from Fountain valley, CA along with his relatives, Nazmin Dhanani and Nabatbibi Dhanani.
www.intelius.com/people/Omar-Dhanani/Fountain%20Valley-CA/06DPMG23XKS
Now here is where it gets interesting. Nazmin Dhanini and Michael Patryn have apparently registered several companies together, one of them being MPD Advertising:
http://www.companiesofcanada.com/company/726420-8/mpd-advertising-inc
Omar Dhanini relatives: Nazmin Dhanani and Nabatbibi Dhanani
Michael Patryn: registered at least one company, MPD Advertising Inc with Nazmin Dhanini."

See pastebin below for more info:

"# Michael Patryn

  1. aka. Omar Dhanani
  2. aka. Omar Patryn
  3. ## 2004-10-28
  4. Arrested and convicted in California under the name of Omar Dhanani as a member of Shadowcrew, an organization trafficking stolen credit and identity information primarily using E-Gold
  5. IMPORTANT: Omar Dhanani used the alias Voleur (french for "thief") during his time with Shadowcrew. This is one of the primary connecting threads between the Omar Dhanani and his later aliases as Patryn, owner of VFS-NETWORKS
  6. https://www.justice.gov/archive/opa/p2005/Novembe05\_crm\_619.html
  7. https://web.archive.org/web/20130216063323/http://www.secretservice.gov/press/pub2304.pdf
  8. https://www.justice.gov/sites/default/files/usao-nj/legacy/2013/11/29/Kolarov%2C%20Aleksi%20Indictment.pdf
  9. ### 2004-10-04
  10. According to a Bloomberg article from January 2006 citing a United States Secret Service affidavit, Omar:
  11. "boasted in a chat room that he moved between $40,000 and $100,000 a week. He pled guilty in November to conspiracy to commit fraud and faces up to five years in prison."
  12. https://www.bloomberg.com/news/articles/2006-01-08/gold-rush
  13. ## 2004-10-29
  14. Users on Talkgold forum begin discussing the possibility that a prolific user on the forum, "Patryn" is actually Omar Dhanani.
  15. https://web.archive.org/web/20130510055547/http://www.talkgold.com/forum/r256207-.html
  16. ## 2005-11-18
  17. An article in The Register describes how Omar Dahnani and 5 others plead guilty to charges laid on them in November 2014:
  18. "The group of six pleaded guilty to one count of conspiracy to defraud in New Jersey on Thursday in exchange for the state dropping other charges pending against them, Wired reports. They were named as: Andrew Mantovani, 23, and Brandon Monchamp, 22, of Arizona; Kim Taylor, 47, and Omar Dhanani, 22, of California; Jeremy Stephens, 31, of North Carolina; and Jeremy Zielinski, 22, of Florida. In total, 12 people have now pleaded guilty to Shadowcrew-related charges."
  19. "Shadowcrew members are expected to be sentenced between mid-February and mid-March 2006."
  20. https://www.theregister.co.uk/2005/11/18/shadowcrew/
  21. ## 2007-05-23
  22. According to US Federal Prison Records, an Omar Dhanani is released from Federal Prison
  23. https://www.bop.gov/inmateloc/
  24. ## 2008-04-03
  25. MIDAS GOLD Exchange is registered in Canada
  26. under the name Omar Patryn
  27. Specialized in processing anonymous purchases and sale of early digital currencies, particularly Liberty Reserve. (Liberty Reserve was shut down in 2013 for money laundering and facilitating identity theft, credit card theft, narcotics trafficking, and child pornography)
  28. https://www.ic.gc.ca/app/sccc/CorporationsCanada/fdrlCrpDtls.html?corpId=6951198&V\_TOKEN=1511930988373&crpNm=&crpNmbr=695119-8&bsNmbr=
  29. http://www.hyipforum.pl/topic/779-m-gold-midas-gold-exchange-obni%C5%BCona-prowizja-dla-forumowicz%C3%B3w/
  30. ## 2008-05-30
  31. DNSGEO.COM domain is registered in Panama
  32. This domain was used as an alternative gateway to VFS-NETWORK.COM as seen in the internet archive
  33. https://web.archive.org/web/20110207131437/http://dnsgeo.com/
  34. https://whois.icann.org/en/lookup?name=dnsgeo.com
  35. for comparison:
  36. https://web.archive.org/web/20101218100404/http://vfs-network.com/
  37. ### Reports from users claim that phishing emails we're received from this domain (DNSGEO.COM) shortly after disputing problems with MIDAS GOLD withdrawals and deposits.
  38. Images are included.
  39. https://www.complaintsboard.com/complaints/midas-gold-exchange-c440529.html
  40. ## 2008-08-27
  41. HD-MONEY.COM domain is registered as being located in the Bahamas
  42. https://whois.icann.org/en/lookup?name=www.hd-money.com
  43. ## 2009-02-09
  44. VFS-NETWORK.com domain is registered
  45. (Voleur Financial Services)
  46. https://web.archive.org/web/20090225095825/http://www.vfs-network.com:80/
  47. VFS Network was an exchange network bringing together
  48. e-money services like Liberty Reserve and other OmaMichael projects like HD-MONEY.COM, XXX-CHANGE.COM and MIDAS GOLD.
  49. Website now points to dns.shadowserver.org, a volunteer service often used by legal authorities to capture data from incoming traffic to the webpage (Was used by authorities after Liberty Reserve's domain was seized)
  50. https://whois.icann.org/en/lookup?name=vfs-network.com
  51. https://krebsonsecurity.com/2013/05/reports-liberty-reserve-founder-arrested-site-shuttered/#more-20723
  52. ### 2009-10-02
  53. VFS-Network publishes that they have met with the management of Liberty Reserve
  54. https://web.archive.org/web/20101129134240/http://vfs-network.com/main.htm
  55. ### NOTE: Voleur is mentioned as an alias by users on dreamteammoney.com, along with complaints related to MIDAS GOLD. These complaints relate a MIDAS GOLD policy of withholding client's funds depending on how many emails they sent asking about the status of their funds.
  56. http://www.dreamteammoney.com/index.php?showtopic=130170&hl=voleur
  57. ### IMPORTANT: "OWNER" of VFS-NETWORK frequently appears online under the name of Patryn, connecting the alias to Omar Patryn of MIDAS GOLD, although Patryn can be found denying any relationship whatsoever between the businesses. In the same thread below on ComplaintsBoard, Patryn posts with a VFS-NETWORK avatar while describing why he, as an administrator on a MIDAS GOLD-managed forum deleted posts of users making complaints.
  58. https://www.complaintsboard.com/complaints/midas-gold-exchange-c286802.html#c546412
  59. http://www.realscam.com/members/patryn/
  60. ## 2009-05-02
  61. HD-MONEY.COM CEO (Michael Patryn aka Omar Dhanani) informs clients that they are now partnered with Liberty Reserve
  62. https://web.archive.org/web/20100115074839/http://www.hd-money.com/Usecms.aspx?Page=ceo
  63. ## 2009-09-10
  64. XXX-CHANGE.COM domain is registered (although internet archive shows an xxx-change.com as far back as 2001)
  65. Images from internet archive show an important partnership with HD-MONEY and VFS-NETWORK
  66. https://web.archive.org/web/20130628192252/http://xxx-change.com:80/
  67. ## 2009-10-22
  68. MPD ADVERTISING is founded by Nazin Dhanani and Michael Patryn in Vancouver
  69. Nazin is thought to be a sibling of Omar Dhanani aka Michael Patryn
  70. http://www.companiesofcanada.com/company/726420-8/mpd-advertising-inc
  71. ## 2009-12-25
  72. Complaints surface online about MIDAS GOLD withholding funds with recommendations to report to the Canadian police
  73. https://www.complaintsboard.com/complaints/perfect-money-corporation-c287831.html#c546416
  74. ## 2009-12-30
  75. MIDAS GOLD business registration is dissolved by Omar Patryn, but forums show that services continued well into 2011
  76. https://www.ic.gc.ca/app/sccc/CorporationsCanada/fdrlCrpDtls.html?corpId=6951198&V\_TOKEN=1511930988373&crpNm=&crpNmbr=695119-8&bsNmbr=
  77. ###
  78. Around December 2009 , reports begin to surface of payment processors closing down MIDAS GOLD accounts due to overwhelming amounts of complaints from MIDAS GOLD users not receiving their funds from MIDAS GOLD. OmaMichael himself responds in the thread
  79. https://www.complaintsboard.com/complaints/midas-gold-exchange-c286802.html
  80. ### In the same year, Liberty Reserve is investigated by Costa Rican
  81. authorities due to questions as to their funding sources. By 2011 they are denied a business license for these reasons and forced to dissolve. Liberty Reserve continues to do business illegally by routing through 5 separate Costa Rican corporate entities.
  82. https://en.wikipedia.org/wiki/Liberty\_Reserve#Criminal\_investigation\_and\_charges
  83. ### MIDAS GOLD would be seized by the United States Global Illicit Financial Team sometime between 2010-2011
  84. http://m-gold.com/index.html
  85. ## 2013-06-13
  86. Extremely dubious reports of the arrest of an Omar Dhanani in Montreal for money laundering crimes appear on press release websites (very unreliable reports)
  87. https://www.businesspress24.com/pressrelease1236813/omar-dhanani-arrested-in-montreal.html
  88. https://web.archive.org/web/20130701234632/http://internetcybercrime.com/montreal-omar-dhanani-arrested-for-money-laundering/
  89. http://www.realscam.com/attachments/f29/4517d1371775999-welcome-patryn-omar.jpg
  90. ## 2014-04-17
  91. Michael Patryn is nominated to the Bitcoin Foundation by Francis Pouliot, who states in his nomination:
  92. "Michael Patryn has been working with digital currencies since 2002 in the capacity of financial consultant, market maker, and exchanger. As a venture capitalist, Michael has actively invested with and supported over twenty companies within the digital currency space."
  93. ### Which 20 companies? 2002 would be the year Omar Dhanani was working with Shadowcrew laundering funds using E-Gold.
  94. ## 2014-01-26
  95. A profile of Michael Patryn is published on the Lifeboat Foundation website listing him as Director of VFS SECURITIES.
  96. ## 2014-11-12
  97. Quadriga Fintech Solutions is founded by Gerald Cotton and Michael Patryn (Only Gerald Cotton is listed on the SEDAR page for the company).
  98. https://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00037030"
Copied and pasted from: https://pastebin.com/Svap6KSF


Also note early connection between Lovie Horner and Micheal Patryn through the BJJ Foundation (maybe this side-note will be useful at some future point):
https://www.companiesofcanada.com/company/861395-8/world-bjj-federation
Also note early connection between Lovie Horner and Micheal Patryn through the BJJ Foundation (maybe this side-note will be useful at some future point):
https://www.companiesofcanada.com/company/861395-8/world-bjj-federation
submitted by cryptotrader1234 to QuadrigaCX [link] [comments]

Clear evidence that Micheal Patryn is Omar Dhanani and connection to other staff

Notice Micheal Patryn and Nazmin Dhanani are listed as officers in the company MPD Advertising: https://www.companiesofcanada.com/company/726420-8/mpd-advertising-inc

Also Intraday56 Explained it well here https://www.reddit.com/BitcoinCA/comments/7nt7ys/question_is_quadrigacx_legit_with_all_the/ds4ihco (copied and pasted for your convenience):
"Michael Patryn is one of the founders of Quadrigacx. He is part of a criminal mafia mob and has been to jail before for carding theft, ID theft and ponzi schemes. His real name is Omar Dhanani. Here's an article from coindesk that names Patryn as the cofounder of QuadrigaCx:
https://www.coindesk.com/bitcoin-exchange-quadriga-public-reverse-takeover
Omar Dhanani aka Michael Patryn was one of 6 men arrested for internet ID theft and credit card conspiracy fraud back in 2005. They were operating Shadowcrew.com, a web mob of highly organized criminals. For more info google ShadowCrew.
https://www.justice.gov/archive/opa/p2005/Novembe05_crm_619.html
At the time ShadowCrew was busted by the US Secret Service Omar Dhanani was a resident of Fountain Valley, California. A search on Intelius lists Omar R. Dhanani from Fountain valley, CA along with his relatives, Nazmin Dhanani and Nabatbibi Dhanani.
www.intelius.com/people/Omar-Dhanani/Fountain%20Valley-CA/06DPMG23XKS
Now here is where it gets interesting. Nazmin Dhanini and Michael Patryn have apparently registered several companies together, one of them being MPD Advertising:
http://www.companiesofcanada.com/company/726420-8/mpd-advertising-inc
Omar Dhanini relatives: Nazmin Dhanani and Nabatbibi Dhanani
Michael Patryn: registered at least one company, MPD Advertising Inc with Nazmin Dhanini."

See pastebin below for more info:

"# Michael Patryn

  1. aka. Omar Dhanani
  2. aka. Omar Patryn
  3. ## 2004-10-28
  4. Arrested and convicted in California under the name of Omar Dhanani as a member of Shadowcrew, an organization trafficking stolen credit and identity information primarily using E-Gold
  5. IMPORTANT: Omar Dhanani used the alias Voleur (french for "thief") during his time with Shadowcrew. This is one of the primary connecting threads between the Omar Dhanani and his later aliases as Patryn, owner of VFS-NETWORKS
  6. https://www.justice.gov/archive/opa/p2005/Novembe05_crm_619.html
  7. https://web.archive.org/web/20130216063323/http://www.secretservice.gov/press/pub2304.pdf
  8. https://www.justice.gov/sites/default/files/usao-nj/legacy/2013/11/29/Kolarov%2C%20Aleksi%20Indictment.pdf
  9. ### 2004-10-04
  10. According to a Bloomberg article from January 2006 citing a United States Secret Service affidavit, Omar:
  11. "boasted in a chat room that he moved between $40,000 and $100,000 a week. He pled guilty in November to conspiracy to commit fraud and faces up to five years in prison."
  12. https://www.bloomberg.com/news/articles/2006-01-08/gold-rush
  13. ## 2004-10-29
  14. Users on Talkgold forum begin discussing the possibility that a prolific user on the forum, "Patryn" is actually Omar Dhanani.
  15. https://web.archive.org/web/20130510055547/http://www.talkgold.com/forum/r256207-.html
  16. ## 2005-11-18
  17. An article in The Register describes how Omar Dahnani and 5 others plead guilty to charges laid on them in November 2014:
  18. "The group of six pleaded guilty to one count of conspiracy to defraud in New Jersey on Thursday in exchange for the state dropping other charges pending against them, Wired reports. They were named as: Andrew Mantovani, 23, and Brandon Monchamp, 22, of Arizona; Kim Taylor, 47, and Omar Dhanani, 22, of California; Jeremy Stephens, 31, of North Carolina; and Jeremy Zielinski, 22, of Florida. In total, 12 people have now pleaded guilty to Shadowcrew-related charges."
  19. "Shadowcrew members are expected to be sentenced between mid-February and mid-March 2006."
  20. https://www.theregister.co.uk/2005/11/18/shadowcrew/
  21. ## 2007-05-23
  22. According to US Federal Prison Records, an Omar Dhanani is released from Federal Prison
  23. https://www.bop.gov/inmateloc/
  24. ## 2008-04-03
  25. MIDAS GOLD Exchange is registered in Canada
  26. under the name Omar Patryn
  27. Specialized in processing anonymous purchases and sale of early digital currencies, particularly Liberty Reserve. (Liberty Reserve was shut down in 2013 for money laundering and facilitating identity theft, credit card theft, narcotics trafficking, and child pornography)
  28. https://www.ic.gc.ca/app/sccc/CorporationsCanada/fdrlCrpDtls.html?corpId=6951198&V_TOKEN=1511930988373&crpNm=&crpNmbr=695119-8&bsNmbr=
  29. http://www.hyipforum.pl/topic/779-m-gold-midas-gold-exchange-obni%C5%BCona-prowizja-dla-forumowicz%C3%B3w/
  30. ## 2008-05-30
  31. DNSGEO.COM domain is registered in Panama
  32. This domain was used as an alternative gateway to VFS-NETWORK.COM as seen in the internet archive
  33. https://web.archive.org/web/20110207131437/http://dnsgeo.com/
  34. https://whois.icann.org/en/lookup?name=dnsgeo.com
  35. for comparison:
  36. https://web.archive.org/web/20101218100404/http://vfs-network.com/
  37. ### Reports from users claim that phishing emails we're received from this domain (DNSGEO.COM) shortly after disputing problems with MIDAS GOLD withdrawals and deposits.
  38. Images are included.
  39. https://www.complaintsboard.com/complaints/midas-gold-exchange-c440529.html
  40. ## 2008-08-27
  41. HD-MONEY.COM domain is registered as being located in the Bahamas
  42. https://whois.icann.org/en/lookup?name=www.hd-money.com
  43. ## 2009-02-09
  44. VFS-NETWORK.com domain is registered
  45. (Voleur Financial Services)
  46. https://web.archive.org/web/20090225095825/http://www.vfs-network.com:80/
  47. VFS Network was an exchange network bringing together
  48. e-money services like Liberty Reserve and other OmaMichael projects like HD-MONEY.COM, XXX-CHANGE.COM and MIDAS GOLD.
  49. Website now points to dns.shadowserver.org, a volunteer service often used by legal authorities to capture data from incoming traffic to the webpage (Was used by authorities after Liberty Reserve's domain was seized)
  50. https://whois.icann.org/en/lookup?name=vfs-network.com
  51. https://krebsonsecurity.com/2013/05/reports-liberty-reserve-founder-arrested-site-shuttered/#more-20723
  52. ### 2009-10-02
  53. VFS-Network publishes that they have met with the management of Liberty Reserve
  54. https://web.archive.org/web/20101129134240/http://vfs-network.com/main.htm
  55. ### NOTE: Voleur is mentioned as an alias by users on dreamteammoney.com, along with complaints related to MIDAS GOLD. These complaints relate a MIDAS GOLD policy of withholding client's funds depending on how many emails they sent asking about the status of their funds.
  56. http://www.dreamteammoney.com/index.php?showtopic=130170&hl=voleur
  57. ### IMPORTANT: "OWNER" of VFS-NETWORK frequently appears online under the name of Patryn, connecting the alias to Omar Patryn of MIDAS GOLD, although Patryn can be found denying any relationship whatsoever between the businesses. In the same thread below on ComplaintsBoard, Patryn posts with a VFS-NETWORK avatar while describing why he, as an administrator on a MIDAS GOLD-managed forum deleted posts of users making complaints.
  58. https://www.complaintsboard.com/complaints/midas-gold-exchange-c286802.html#c546412
  59. http://www.realscam.com/members/patryn/
  60. ## 2009-05-02
  61. HD-MONEY.COM CEO (Michael Patryn aka Omar Dhanani) informs clients that they are now partnered with Liberty Reserve
  62. https://web.archive.org/web/20100115074839/http://www.hd-money.com/Usecms.aspx?Page=ceo
  63. ## 2009-09-10
  64. XXX-CHANGE.COM domain is registered (although internet archive shows an xxx-change.com as far back as 2001)
  65. Images from internet archive show an important partnership with HD-MONEY and VFS-NETWORK
  66. https://web.archive.org/web/20130628192252/http://xxx-change.com:80/
  67. ## 2009-10-22
  68. MPD ADVERTISING is founded by Nazin Dhanani and Michael Patryn in Vancouver
  69. Nazin is thought to be a sibling of Omar Dhanani aka Michael Patryn
  70. http://www.companiesofcanada.com/company/726420-8/mpd-advertising-inc
  71. ## 2009-12-25
  72. Complaints surface online about MIDAS GOLD withholding funds with recommendations to report to the Canadian police
  73. https://www.complaintsboard.com/complaints/perfect-money-corporation-c287831.html#c546416
  74. ## 2009-12-30
  75. MIDAS GOLD business registration is dissolved by Omar Patryn, but forums show that services continued well into 2011
  76. https://www.ic.gc.ca/app/sccc/CorporationsCanada/fdrlCrpDtls.html?corpId=6951198&V_TOKEN=1511930988373&crpNm=&crpNmbr=695119-8&bsNmbr=
  77. ###
  78. Around December 2009 , reports begin to surface of payment processors closing down MIDAS GOLD accounts due to overwhelming amounts of complaints from MIDAS GOLD users not receiving their funds from MIDAS GOLD. OmaMichael himself responds in the thread
  79. https://www.complaintsboard.com/complaints/midas-gold-exchange-c286802.html
  80. ### In the same year, Liberty Reserve is investigated by Costa Rican
  81. authorities due to questions as to their funding sources. By 2011 they are denied a business license for these reasons and forced to dissolve. Liberty Reserve continues to do business illegally by routing through 5 separate Costa Rican corporate entities.
  82. https://en.wikipedia.org/wiki/Liberty_Reserve#Criminal_investigation_and_charges
  83. ### MIDAS GOLD would be seized by the United States Global Illicit Financial Team sometime between 2010-2011
  84. http://m-gold.com/index.html
  85. ## 2013-06-13
  86. Extremely dubious reports of the arrest of an Omar Dhanani in Montreal for money laundering crimes appear on press release websites (very unreliable reports)
  87. https://www.businesspress24.com/pressrelease1236813/omar-dhanani-arrested-in-montreal.html
  88. https://web.archive.org/web/20130701234632/http://internetcybercrime.com/montreal-omar-dhanani-arrested-for-money-laundering/
  89. http://www.realscam.com/attachments/f29/4517d1371775999-welcome-patryn-omar.jpg
  90. ## 2014-04-17
  91. Michael Patryn is nominated to the Bitcoin Foundation by Francis Pouliot, who states in his nomination:
  92. "Michael Patryn has been working with digital currencies since 2002 in the capacity of financial consultant, market maker, and exchanger. As a venture capitalist, Michael has actively invested with and supported over twenty companies within the digital currency space."
  93. ### Which 20 companies? 2002 would be the year Omar Dhanani was working with Shadowcrew laundering funds using E-Gold.
  94. ## 2014-01-26
  95. A profile of Michael Patryn is published on the Lifeboat Foundation website listing him as Director of VFS SECURITIES.
  96. ## 2014-11-12
  97. Quadriga Fintech Solutions is founded by Gerald Cotton and Michael Patryn (Only Gerald Cotton is listed on the SEDAR page for the company).
  98. https://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00037030"
Copied and pasted from: https://pastebin.com/Svap6KSF


Also note early connection between Lovie Horner and Micheal Patryn through the BJJ Foundation (maybe this side-note will be useful at some future point):
https://www.companiesofcanada.com/company/861395-8/world-bjj-federation
submitted by cryptotrader1234 to QuadrigaCX2 [link] [comments]

How to buy these cheap coins right now

Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING
BTC-E.com
To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification.
Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world.
BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums.
Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load.
You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins
Bitfloor.com
Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit
Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems.
Bitstamp.net
Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts.
Bitcoin-24.com
Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways.
Vircurex.com
Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it.
Cavirtex.com
Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling.
LibertyBit.com
https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded).
Bitcoin China
https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal
Check english forums to see if anybody exchanging Alipay or taking wires.
CampBX.com
Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified.
Bitcoin-central.net
Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire.
VirWoX.com
You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them.
Or course there's all the fixed price exchangers
https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak
==============R U L E S ================================
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011.
Great successez!
submitted by Derpcoin to Bitcoin [link] [comments]

Bitcoin Talk Show #LIVE (July 18, 2019) - Crypto News Talk Price Opinion with your Calls $100,000 bitcoin is not crazy talk - Robert Herjavec ... BITCOIN PREPARING FOR MASSIVE MOVE ?!? ETHEREUM BREAKOUT !?! BITCOIN TO SURPASS GOLD ??? Bitcoin Gold Talk - Make Bitcoin decentralized again [SCAM] BTCWEALTH [SCAM]

Bitcoin.com Exchange also said that the acquisition comes at a great inflection point in the industry, with new traders across the globe adopting crypto and speculating it due to current ... Is an exchange losing $ 250 million in cryptocurrencies a Ponzi scheme: Quadriga Bizarre Story. Written by: Nathaniel Rich. Translator: Zhan Juan . Illustrator: Bianca Bagnarelli. The Libra Association will hold its first board meeting with up to 1,500 participating entities; How to get valuable news in the currency circle? 2019-10-3 mainstream currency market analysis: the beginning of the ... Bitcoin Gold is extended by Lighting Network, which scales to route nearly limitless payments per second. This is an example of a "second layer" solution living atop the main blockchain. Second layers and side chains enable technologies like smart contracts which can run at blazing speeds, secured by the underlying BTG mainchain. The Bitcoin Gold fork has already happened around October 24, 6 am UTC at the block height of 491407. So at this time, if you had your BTC in a wallet where you control your private keys or you had your BTC in a BTG-supported exchange, then you are eligible to access or claim your BTG. 2. “Patryn” on TalkGold. Michael Patryn, formerly Omar Dhanani, was arrested in October 2004 on charges related to his involvement with Shadowcrew, a cybercrime message board. Operating under the pseudonym “Voleur,” French for thief, he offered Shadowcrew members an electronic money laundering service — wire him cash, and he would fund your E-gold account, thereby adding a layer of anon

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Bitcoin Talk Show #LIVE (July 18, 2019) - Crypto News Talk Price Opinion with your Calls

Bybit Exchange $90 bonus : https://bybit.theblockchaintoday.com Binance Exchange 10% Discount : https://binance.theblockchaintoday.com 🔵You Should Have 🔵 This video is unavailable. Watch Queue Queue. Watch Queue Queue BITCOIN DROPS 10% in Weekend Trading - REBOUND INCOMING?! - Duration: 14:40. Bitcoin Trading 1,245 views. 14:40. How To Make Money With Facebook For Beginners 2020 - Duration: 19:06. ... Best-selling author Robert Kiyosaki outlines a scenario of a gold and Bitcoin crash, but says it might be based on an illusion of an economic recovery. "When... Jim Rickards is the editor of Strategic Intelligence and the author of Currency Wars: The Making of the Next Global Crisis. He believes gold can go to $10,00...

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