DeFi protocol Wonderland feels the heat after it was revealed its Treasury Head, also known as Sifu or 0xSifu, is Michael Patryn.Patryn co-founded Canadian exchange QuadrigaCX, which went bankrupt in 2019 amid suspicious circumstances, including the death of its CEO, Gerald Cotten.The QuadrigaCX connection has spooked Wonderland investors, triggering a 45% drop on Tuesday as … [Read more...] about Scandal at Wonderland (TIME) as Treasury Head uncovered as QuadrigaCX co-founder
Scandal
Scandal as $45M of stolen government funds allegedly lost on 100X leverage
Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into custody and charged with embezzlement of state-owned assets. He is alleged to have been using government funds to unsuccessfully short BTC, resulting in a massive liquidation of over 300 million renminbi, or $45 million dollars. Beosin, also known … [Read more...] about Scandal as $45M of stolen government funds allegedly lost on 100X leverage