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QuadrigaCX Co-Founder Would Trade Millions of Dollars on BitMEX. He Also Served Time in US Prison

Thu, 03/07/2019 - 20:04
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Alex Dovbnya
??⌛Michael Patryn, whose real identity has been recently exposed, was linked to a Reddit user who would regularly brag about huge trades on BitMEX
QuadrigaCX Co-Founder Would Trade Millions of Dollars on BitMEX. He Also Served Time in US Prison
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QuadrigaCX Michael Patryn allegedly engaged in high-volume trading on the BitMEX exchange. Yes, Patryn could have used his own funds, but there are also speculations whether he would brag about emptying the QuadrigaCX customers’ pockets.  

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MikeXBT’, is that you?

Patryn (whose Reddit username appears to be ‘MikeXBT‘) would constantly boast about his mammoth-size trades on r/BitcoinMarkets. Back in September 2018, he would take an $8 mln worth long position.


His account history where he confirms that he’s one of the exchange’s shareholders and calls himself ‘Mr. Patryn’ serves as a surefire indicator that all trading-related posts were made by him.

The plot thickens

The news comes a week after it was revealed that Patryn’s real name is, in fact, Omar Dhanani. The revelations do not stop there – Dhanani was imprisoned in the US for being part of, an identity theft scheme. The group, which was active from 2002 until 2004, managed to steal 1.7 mln credit card numbers.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at