QuadrigaCX co-founder Michael Patryn — known to some in the DeFi community as "Sifu" — has become the target of a new type of court order in British Columbia that compels a person to explain how they acquired their assets.

"Today, we have filed our third unexplained wealth order application with the British Columbia Supreme Court — a strong demonstration of our government’s commitment to take decisive action against criminals and organized crime," Minister of Public Safety and Solicitor General Mike Farnworth said in a statement.

QuadrigaCX is a now-defunct crypto exchange that went bankrupt in 2019 after the disappearance and apparent death of CEO Gerald Cotten.

"The international, criminal actions of Quadriga Coin Exchange (Quadriga CX) led to thousands of people losing their life …