Wonderland is a protocol that works on multiple chains like Ethereum, Fandom, and Avalanche. Read more here to know where AVAX is headed. Wonderland is the first decentralized cross-chain reserve currency protocol on the TIME token. Wonderland’s TIME tokens are backed by a basket of assets issued over the Avalanche blockchain, giving the tokens an intrinsic value.
The Wonderland native coin known as TIME has earlier gotten the limelight for reaching 10k. However, now the coin is exploring the bottom of the market, losing more than 95% of its all-time high. Amidst the rising drama with this project, a new investigation has unearthed several hard-to-believe almost-cinematic aspects about its current CFO, who goes by OxSifu.
An investigator, who wishes to stay pseudonymous, has recently released evidence that proves the CFOs connections to QuadrigaCX. This exchange was based in Canada and was co-founded by Gerald Cotten and Michael Patryn, who is the current CFO of Wonderland. In 2019, the platform had to shut down after co-founder Cotton ran away with more than 160 million dollars. The report from the Ontario Securities Commission claimed that the exchange was a fraudulent establishment. It seems the founder of QuadrigaCX was spending and trading using the investments of his customers at his will despite promising that their money would be safe there.
However, the Ontario Securities Commission could not establish a solid connection between the crimes of Gerald Cotten and Michael Patryn. QuadrigaCX did not keep proper records since 2016, which is after he removed himself from the exchange. Michael Patryn also has connections to Shadowcrew, a group that illicitly acquires information from users. Patryn is said to have pleaded guilty for his ties with this group that is involved in illegal activities. On top of that, he spent time in the US federal prison for more than a year, on charges of his links to Shadowcrew, before getting released in 2007.
The independent investigation commission by the CEO of MyCrypto claims that Patryn had ties to a failed crypto exchange and several other embezzlement cases in the past. The investigation by Amy Carter explicated his history with Midas Gold, an exchange platform that ran between 2008 and 2013. BlackHatWorld and TalkGold all point towards fraudulent activities. Some of these platforms are directly linked to the “high-yield” programs or, in other words, Ponzi schemes.
It is also stated that Michael Patryn was known as Omar Dhanani until he met Gerald cotton and since been going by this new name. A screenshot from Twitter also proved that Patryn had moved Ethereum tokens to Quadriga in 2019. And this directly connects him to the platform that was booked on embezzlement charges. In response to the recent acquisition, Daniele Sestagalli, the founder of Wonderland, said that he believes in second chances, but he will give the community a chance to decide who they want to entrust their money to. Now, he has opened up a vote for the removal of Patryn from his position as CFO.
