{"id":400715,"date":"2022-01-29T00:00:00","date_gmt":"2022-01-28T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/daniele-sestagalli-discusses-wonderlands-future-after-quadrigacx-co-founder-dox\/"},"modified":"2022-01-29T00:00:00","modified_gmt":"2022-01-28T21:00:00","slug":"daniele-sestagalli-discusses-wonderlands-future-after-quadrigacx-co-founder-dox","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/daniele-sestagalli-discusses-wonderlands-future-after-quadrigacx-co-founder-dox\/","title":{"rendered":"# Daniele Sestagalli discusses Wonderland\u2019s future after QuadrigaCX co-founder dox"},"content":{"rendered":"

“# Daniele Sestagalli discusses Wonderland\u2019s future after QuadrigaCX co-founder dox <\/strong>”
\n<\/p>\n

On Friday, Daniele Sestagalli, co-founder of decentralized finance, or DeFi, protocol Wonderland and stablecoin protocol Abracadabra, issued<\/a> a statement on the path forward after the doxing of his colleague Michael Patryn:<\/p>\n

\u201cDo we wind down or continue to fight for the aspect of an investment DAO [decentralized autonomous organization] being a revolutionary new organization? For the option that I am for, which is to fight and bring someone new and experienced to manage the treasury.\u201d<\/p><\/blockquote>\n

The day prior, an investor uncovered the identity of Wonderland’s chief financial officer to be Patryn, who was the former co-founder of defunct Canadian cryptocurrency exchange QuadrigaCX. Over $145 million worth of QuadrigaCX customers’ funds are still missing after the mysterious death of its co-founder in late 2018. In addition, Patryn was convicted of operating a credit card fraud scheme under a different name in 2002.<\/p>\n

Although no allegations of misconduct have been made about Patryn’s tenure at Wonderland, the thought of app<\/a>ointing an individual with past criminal financial mishaps to manage the protocol’s treasury raised alarms among many Wonderland users. In a forum proposal cited by Sestagalli, its author, a co-founder of Bastion trading known as “TheSkyHopper,” calls for the immedia<\/a>te removal of 0xSifu (Michael Patryn) from treasury management and proposed<\/a> for members of his firm to join in as replacements. One user, El_jefe_NYC, commented:<\/p>\n

\u201cThis is EXACTLY the type of action Dani needed to do in these hard times. That’s how a leader is supposed to react. We will grow back MUCH stronger moving forward.\u201d<\/p><\/blockquote>\n

Wonderland is a reserve currency protocol built on the Avalanche blockchain. On Jan. 2, before the recent crypto market turmoil and the Michael Patryn dox, Wonderland’s treasury balance amounted to $1.9 billion in total value locked. However, that has dropped to $278 million at the time of publication.<\/p>\n