0xSifu has been identified as Michael Patryn, the co-founder of QuadrigaCX
The revelation of 0xSifu’s identity has caused a major stir across the cryptocurrency industry. It emerged that 0xSifu is Michael Patryn, the co-founder of the ill-fated Canadian cryptocurrency exchange QuadrigaCX.
Patryn has been convicted of financial crimes in the past.
QuadrigaCX made headlines worldwide in 2019 after its operator (and Patryn’s former partner) Gerald Cotten vanished with $169 million of investors’ funds.
Following the scandal, Patryn was identified as Omar Dhanani, a criminal who spent 18 months in U.S. federal prison on identity theft charges in 2005.
According to a Bloomberg report, Dhanani changed his name to Omar Patryn in 2003. Five years later, he again changed his name to Michael Patryn. He later became involved in the crypto space, launching QuadrigaCX and more recently joining the Wonderland team. Wonderland is a fork of the the popular rebasing stablecoin protocol OlympusDAO built on Avalanche.