Wonderland community votes out QuadrigaCX co-founder Sifu and also considers winding down
Following the allegation earlier this week that wonderland founder is the same as the co-founder of now-defunct exchange QuadrigaCX, the Defi protocol community has removed Sifu also known as Michael Patryn as its treasury manager. Wonderland, the DeFi protocol’s community, has fired Sifu as its treasury manager. Sifu’s identity was revealed two days ago as […]
Cross-Chain Bridge Qubit loses $80 Million to hackers
According to a report from CertiK, cross-chain bridge Qubit has been hacked with losses spanning over $80M in assets. The recent compromise made the incident the largest DeFi exploit of 2022. According to CertiK’s blockchain security specialists, a decentralized finance (DeFi) vulnerability linked to Qubit Finance’s Binance smart chain – Ethereum bridge resulted in an […]
DeFi ranks first in Coinbase Ventures’ 2021 portfolio breakdown
In 2021, Coinbase Ventures associate Connor Dempsey published a portfolio breakdown, revealing that DeFi was tied with centralized finance as the top category. Coinbase Ventures is the venture capital arm of Coinbase, the world’s largest cryptocurrency exchange. According to Dempsey’s post, the firm made just under 150 new deals in 2021, bringing its total portfolio […]
The founder of Wonderland and Co-founder of exchange QuadrigaCX is allegedly the same person
Avalanche-based DeFi protocol Wonderland‘s founder Michael Patryn from a recent allegation was the co-founder of the now defunct Canadian exchange QuadrigaCX. Decentralized finance (DeFi) investigator zachxbt revealed the genuine identify of formerly anonymous QuadrigaCX co-founder Michael Patryn in a series of tweets released Jan. 27, doxxing him as @0xSifu, the founder of DeFi protocol Wonderland. […]
Florida Office of Financial Regulation (OFR) Issues Warning About DeFi
Florida Office of Financial Regulation (OFR) warns that DeFi is still in its infancy, is extremely volatile, and is mostly driven by psychological considerations rather than investment fundamentals Warning About Decentralized Finance (DeFi) The Florida Office of Financial Regulation (OFR) has issued a warning concerning companies that offer lending, banking, and investment services based on […]