The B.C. Civil Forfeiture Office has ordered the co-founder of the company that operated the infamous defunct Canadian crypto-trading platform Quadriga to explain the source of about $250,000 worth of cash, as well as jewelry and other items the RCMP seized from a safety deposit box and bank account in June 2021. (The Logic)

Talking point: Unexplained wealth orders are a new law enforcement tool in B.C., introduced last spring to combat money laundering. The RCMP seized the bank account and safety deposit box as part of a fraud investigation against Patryn and deceased co-founder Gerald Cotten, according to a court document, alleging they are the proceeds of crime. Patryn will have to forfeit the assets if he can’t prove he acquired them legally. In 2022, a cyber sleuth outed Patryn as the co-founder and treasury manager of the decentralized finance protocol Wonderland, prompting the community to oust him. He went on to announce a new venture called Sifu’s Vision, which has launched a token that was trading for US$97.54 Thursday afternoon.