Crypto Secrecy Makes DeFi a Wonderland to Felon Tied to Quadriga

A decentralized-finance project called Wonderland is being rocked by controversy following the disclosure that it was being run in part by a felon with ties to one of the biggest cryptocurrency scandals.

Tokens related to the Avalanche blockchain-based protocol, one of the larger community-governed DeFi applications since its launch in September, have tumbled in value in the last 24 hours. Co-founder Daniele Sestagalli said Thursday that he asked Wonderland’s treasury head, who goes by the pseudonym Sifu, to step down because it has become more widely known that he was Michael Patryn, a co-founder of the failed Canadian crypto exchange …