Why A Wonderland is not a wonderland???

Discussion in 'Digital Currencies' started by Golden ChipMunk, Jan 28, 2022.

  1. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Wonderland or Time

    Price from November 2021 Over $9K , Now $330 end of Jan 2022 at the time of writing.

    Many investors have lost Big time monies in it , what was left was lesser than 10%.

    Why this???

    Sifu of Wonderland is Michael Patryn, cofounder of QuadrigaCX , A Scammer .......

    Please Read..

    "People back then was coming after Michael Patryn because of his past as a scammer. He literally is a convicted felon from the US who moved to Canada and changed his name. His name before was Omar Dahani.

    Basically, Canadians back then figured out pretty much "Sifu" (Omer/Patryn) had more ownership of the hacked exchange than the "dead" founder."

    https://www.reddit.com/r/Wonderland..._mother_of_god_sifu_of_wonderland_is_michael/
     
  2. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    All Hell Breaks Loose, This Avalanche Project Main Dev Was Behind A Ponzi Scheme?

    "The Avalanche community has seen its fair share of drama in the past days as Wonderland (TIME) hit a new price low. Data from CoinGecko indicates that the token has lost over 90% of its value since November 2021.

    Related Reading | Hackers Are Now Using Compromised Cloud Accounts To Mine Crypto

    The Avalanche token was priced close to $10,000 and has been on a downtrend since that period reaching $406, as of press time. TIME has been one of the worst performers in the DeFi sector and could see further losses in the short term."


    references

    https://coinmarketcap.com/headlines...e-project-main-dev-was-behind-a-ponzi-scheme/
     
  3. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Wonderland Rattled After Co-Founder Tied to Failed QuadrigaCX Exchange
    "A developer of the popular Avalanche money market was previously the co-founder of the infamous Canadian exchange QuadrigaCX.

    Wonderland’s TIME tokens fell 32% in European hours after blockchain sleuths revealed "Sifu," a core member of the founding team, is allegedly a long-time serial scammer, with a conviction and deportation on his record. He was also the co-founder of QuadrigaCX, a failed Canadian cryptocurrency exchange.

    Avalanche-based Wonderland has been among the most popular crypto protocols in recent months, with community members referring to themselves as the “Frog Nation.” The protocol locked up billions of dollars of investor funds at its peak, but confidence was rattled among investors Thursday morning."

    Please Read

    https://www.coindesk.com/markets/20...er-tied-to-alleged-quadrigacx-190m-exit-scam/



     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Important thread, shared some links in the shitcoin thread. As I've said before, these are giant ponzis.

    Sucks for the people who put their life savings in
     
  5. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    ^^^
    People think it is A Bargain???
    Don't think so , this will slam to nothing........ sorry to say that :rolleyes:
     
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  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    How can it be a bargain when the Devs are already washing their share and leaving lmao. It's a dumpster fire. Liquidity is going to dry up overnight
     
  7. dozerz

    dozerz Well-Known Member Silver Stacker

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    its been an eventful 24 hours in the cryptosphere, glad this would never happen with fiat.

    who is buying the blood and think dani can rebuild?
     
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  8. alor

    alor Well-Known Member Silver Stacker

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    disappearance money must be prepared upfront, just in case...you need to used it as an eraser
     
  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Not worth it
     
  10. dozerz

    dozerz Well-Known Member Silver Stacker

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  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Project might not even go forward with the consent of the community.

     
  12. dozerz

    dozerz Well-Known Member Silver Stacker

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    wonderland was dead anyway before the drama, the proposal was to merge with mim which was killed after the drama. all these ohm clones are basically dead, same story is when everyone sells the price collapses, its that simple. didnt help having a convicted criminal as cfo and part of their multisig.
     
  13. dozerz

    dozerz Well-Known Member Silver Stacker

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  14. dozerz

    dozerz Well-Known Member Silver Stacker

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    and the nays have it, wonderland is saved and dani fights on.

     
  15. PMCollector

    PMCollector Well-Known Member

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  16. dozerz

    dozerz Well-Known Member Silver Stacker

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    Last edited: Feb 1, 2022
  17. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    https://cointelegraph.com/news/finance-redefined-wonderland-reveal-and-wormhole-hacked-jan-28-feb-4

    Wormhole exploited for $321M, parent bails it out

    "Wonderland endured a turbulent week of revelations and risks closure, Wormhole was hacked for the second-highest ever DeFi sum, and the Ethereum hash rate hits a new high — all coming to you in this week’s Finance Redefined."

    "DeFi bridging protocol Wormhole suffered a significant security exploit on its network this week to the tune of 120,000 Wrapped Ether (wETH) tokens, equivalent to $321 million at the time of impact — the second-largest hack in the history of decentralized finance behind Poly Network’s seismic $610-million breach in August 2021."

    "After analyzing blockchain data, it was uncovered that the attacker minted 120,000 wETH on Solana and then proceeded to redeem 93,750 wETH for Ether (ETH) worth $254 million. The remaining wETH was swapped for Solana (SOL) and USD Coin (USDC) on Solana.

    Following on from this, the hacker utilized a portion of the funds on an asset-buying spree that included SportX (SX), Meta Capital (MCAP), Finally Usable Crypto Karma (FUCK) as well as the highly anticipated soon-to-be-released asset, Bored Ape Yacht Club Token (APE)."
     
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  18. dozerz

    dozerz Well-Known Member Silver Stacker

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    great but what does the wormhole exploit have to do with wonderland, or is this a catch all crypto fud thread now?
     
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  19. dozerz

    dozerz Well-Known Member Silver Stacker

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