British Columbia confiscates $1 million in assets linked to QuadrigaCX co-founder
Asset Seizure: British Columbia authorities seized approximately $1 million in gold, cash, and luxury items from QuadrigaCX co-founder Michael Patryn under an unexplained wealth order, alleging the assets were purchased with misappropriated customer funds.
Legal Proceedings: The Supreme Court of British Columbia granted the forfeiture after Patryn chose not to contest the seizure, which included 45 gold bars and high-end watches, discovered in a safety deposit box during an RCMP investigation.
QuadrigaCX Background: QuadrigaCX, once Canada's largest cryptocurrency exchange, collapsed in 2019, with regulators determining it operated as a Ponzi scheme, leading to significant losses for customers.
Compensation Review: Authorities will review the seized assets to determine if they can be used to compensate creditors, who received only a small fraction of their losses in the 2023 bankruptcy proceedings.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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