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Co-founder of DeFi Wonderland called “a man with a dark past”

A crypto scam specialist has claimed that the co-founder of the Wonderland DeFi protocol under the nickname Sifu may be the former co-founder of the infamous Canadian exchange QuadrigaCX, Michael Patryn.

An expert investigating crimes in the cryptocurrency market under the nickname Zac, in support of his statement posted on Twitter correspondence with the founder of the project Wonderland Daniele Sestagalli (Daniele Sestagalli).

In the correspondence, Sestagalli admitted that the co-founder is a man with a “dark past.” Although he did not directly confirm that Michael Patrin is hiding under the nickname 0xSifu:

“Today, the past of our team member @0xSifu will be actively denounced. I want everyone to know that I knew about this and decided that a person’s past does not determine his future. I prefer to appreciate the time we spent together without knowing his past. I have no prejudice towards @0xSifu, he has become a friend and part of my family and if his past hurts my reputation then so be it.”

Michael Patrin has several criminal cases behind him. In the US, he was sentenced to 18 months in prison. He was accused of involvement in the theft of personal data of bank and credit card users in 2005. In 2007, Patrin pleaded guilty to criminal charges of burglary and computer fraud. Patrin also officially changed his name twice, from Omar Dhanani to Omar Patrin in 2003 and to Michael Patrin in 2008. Patrin denied accusations that he and Dhanani are the same person.

QuadrigaCX was founded in 2013. In 2020, the Ontario Securities Commission recognized the exchange as a fraudulent scheme.

Wonderland’s TIME tokens fell almost 30% shortly after Zac’s Jan. 27 announcement, with trading volume up 50% over the past 24 hours.

The Wonderland project was launched in September 2021 by Sestagalli and 0xSifu as a fork of the Olympus protocol on the Avalanche blockchain. Members of the Wonderland community refer to themselves as “frogs” or “frog nation”, Frog Nation. The community includes users of Abracadabra, Popsicle Finance and now Sushi (the SushiSwap decentralized exchange community).

According to Chainalysis, an analytics company, criminals laundered $8.6 billion in illegally obtained funds using cryptocurrencies last year. The growth compared to 2020 was 25%. Recently, Paul Vernon, the founder and CEO of the now defunct cryptocurrency exchange Cryptsy, was indicted on 17 counts by a Miami federal court. This week, hackers attacked more than a dozen popular channels on the YouTube video service. After gaining access to the account, they posted on behalf of the channel a video with a “distribution of cryptocurrencies”.

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