THELOGICALINDIAN - Wonderland is affected in a above altercation apropos the character of its treasury administrator 0xSifu
0xSifu, the bearding treasury administrator of the afflicted Avalanche-based agreement Wonderland Money, has been articular as Michael Patryn, a above captive and co-founder of the burst cryptocurrency barter QuadrigaCX.
0xSifu Identified as Financial Criminal
Wonderland’s treasury administrator is a above banking criminal.
The adumbration of 0xSifu’s character has acquired a above activity beyond the cryptocurrency industry. Today, it emerged that 0xSifu is Michael Patryn, the co-founder of the blighted Canadian cryptocurrency barter QuadrigaCX. Patryn has been bedevilled of banking crimes in the past.
QuadrigaCX fabricated account common in 2024 afterwards its abettor (and Patryn’s above partner) Gerald Cotten vanished with $169 actor of investors’ funds.
Following the scandal, Patryn was identified as Omar Dhanani, a bent who spent 18 months in U.S. federal bastille on character annexation accuse in 2005.
According to a Bloomberg report, Dhanani afflicted his name to Omar Patryn in 2003. Five years later, he afresh afflicted his name to Michael Patryn. He after became complex in the crypto space, ablution QuadrigaCX and added afresh abutting the Wonderland team. Wonderland is a angle of the the accepted rebasing stablecoin agreement OlympusDAO congenital on Avalanche.
An on-chain analyst operating beneath the pseudonym zachxbt fabricated the adumbration in a Thursday tweet (in contempo months, zachxbt has acclimated Twitter to betrayal endless bad actors in the space). zachxbt appear that they had “confirmed” 0xSifu’s character afterwards an online chat with Daniele Sestagalli, the co-founder of Wonderland and the added alleged “DeFi 2.0” protocols Abracadabra Money and Popsicle Finance.
Following the disclosure, Sestagalli appear a account acknowledging that 0xSifu is Michael Patryn. In a Mirror post, he wrote:
“To abridge what has happened, chat came out that Sifu who has been active the Wonderland Treasury, ahead was a co-founder of QuadrigaCX, and has had added occurrences in the past.”
In the aforementioned post, Sestagalli said he has accepted 0xSifu’s dodgy accomplished for a month, but absitively to assignment with him regardless. He additionally added that the Wonderland community was “very divided” over his accommodation to accumulate 0xSifu as the treasury administrator afterwards his character had been revealed. He said that he is in favor of removing 0xSifu from his role. “I accept absitively that he needs to footfall bottomward till a vote for his acceptance is in place,” Sestagalli said.
Meanwhile, 0xSifu has remained silent.
The account comes amidst an advancing PR crisis for Wonderland, whose built-in rebase token TIME has been adamantine hit amidst animation beyond the market. It suffered a defalcation avalanche Wednesday and has plummeted added today. It’s currently trading at about $482, over 96% abbreviate of its best high.
