A DeFi protocol has announced it is shutting down after it emerged that a convict was serving as its treasury manager.
Wonderland was plunged into chaos after a Twitter user unmasked 0xSifu as Michael Patryn. He had previously pleaded guilty to charges of credit card fraud, burglary, grand larceny and computer fraud — spending 18 months in U.S. federal prison. Patryn was also the co-founder of the doomed crypto exchange QuadrigaCX, which collapsed after it emergedin client funds was missing. However, Patryn was not accused of wrongdoing in this case because he had stepped down from the company a couple of years earlier.
Wonderland's co-founder Daniele Sestagalli had previously explained that he knew of Patryn's past — but had believed in giving people second chances. Patryn was subsequently asked to step down from the treasury position after the project faced a storm of controversy from its community. Last week, Sestagalli had said he wanted Wonderland to continue, but acknowledged that some people wanted the project to be "wound down and funds given back to token holders." As a result, he arranged for a community vote on its future direction.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Token laqira is moving towards a bright future with specific goals and attractive plans 💪💎LQR 💪💎Event_SquidGame 💪💎Laqiraprotocol
Thanks me later new gem 💎💎token in the town axlinu Axl fixed staking and launchpad going to launch on 30 January today go and stake your axl 1000x ✅ Multichain Staking ⏳ IDO Launchpad ⏱️ Dex Aggregator ⏱️ Lend & Borrow ⏱️ Yield farming ⏱️ NFTs Axl inu🔥🔥🔥 🐕axl inu
Let it be known
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Value Locked in Defi Climbs Higher, Polkadot TVL Spikes, Terra's LUNA Sheds 21% – Defi Bitcoin NewsThe total-value locked (TVL) in decentralized finance (defi) protocols is $192.42 billion up 5.28% since January 23. In 2013 I sold all of my Bitcoin. It was a painful mistake. I’ve been stacking ever since. Don’t sell your bitcoin for fear Glad to be part of the early adopters. Thanks to edmo360 he knows his stuff when it come to Bitcoin, his tweets and tips have been helpful so far Anyone want to help me? Anyone who helps me has a great chance And if he does not help, he loses his chance Self-selection Who knows what is going to happen 📈📊💯
Source: BTCTN - 🏆 531. / 51 Read more »
Wonderland co-founder throws in the towel on beleaguered DeFi projectWonderland co-founder Daniele Sestagalli is calling things a failure as he plans to wrap up the project and move on. ≋C≋R≋Y≋P≋T≋O≋ ≋I≋S≋L≋A≋N≋D≋ CryptoIslandInc partners with DigiSharesDK A huge move to have the worlds tokenized island!👀🔥🏝 Join us and be part of something BIG! CISLA CryptoislandDAO Cisla1000x CryptoIslandInc DanBouwer IslanderElite bluesparrow will take over the world The world and governments must adapt themselves with Bluesparrow ETH BlueSparrow BlueSparrowtoken BlueSparrowCommunity BestDrawToken Bluesparrowcharity BlueSparrowETH web3 Bitcoin ❤ Thanks Vemp thank you Shibaswap. I have made greatest investment providing ETH VEMP liquidty on Shibaswap. I earn free bonus + ethereum and + vemp extra. Great cooperation. 100 x soon The fomo will be strong once the market recovers 👀👀 $vemp 2022 will be so huge for vemp👀
Source: Cointelegraph - 🏆 562. / 51 Read more »
Scandal-Ridden DeFi Project Wonderland Shuts Down as Price Tanks.danielesesta has announced that Wonderland_fi is shutting down, enraging the community danielesesta Wonderland_fi danielesesta Wonderland_fi Big Scamer
Source: Utoday_en - 🏆 295. / 63 Read more »
AstroSwap (ASTRO) Introduces Multi-Chain DeFi Ecosystem.AstroSwapApp goes live on Cardano $ADA blockchain, teases $VLX rebates Cardano AstroSwap AstroSwapApp
Source: Utoday_en - 🏆 295. / 63 Read more »
Cyber vigilante hunts down DeFi scammers running away with $25M rug pullWhite hat vigilante tracks StableMagnet scammers and helps retrieve most of the stolen money. Another exchange for TheMetaZilla is something we are looking at within the next few weeks, which one do you think will it be _________________? 📈🚀🚀 BSCGem BSC MZ Metazilla BNB NFT P2E The Robin Hood of our generation. What a time to be alive. ilkbtc stevedabicoin RubyPlayNetwork I'll be one of the best of BSCGem it has good team & amazing working hard to dev. Project playing Spin2Win gives you the chance to win Ruby free token everyday P2E BSC crypto altcoins
Source: Cointelegraph - 🏆 562. / 51 Read more »
Scandal-Ridden DeFi Project Wonderland Shuts Down as Price Tanks.danielesesta has announced that Wonderland_fi is shutting down, enraging the community danielesesta Wonderland_fi danielesesta Wonderland_fi Big Scamer
Source: Utoday_en - 🏆 295. / 63 Read more »