Wonderland co-founder ready to shut the project down Wonder | Top DeFi

Wonderland co-founder ready to shut the project down

Wonderland co-founder Daniele Sestagalli tweeted that the Avalanche-based reserve currency experiment (AVAX) is coming to an end. "A split in the community means we have failed."

The vote to keep or wind down the project came after Sestagalli asked former Wonderland Treasury chief Michael Patrin ("0xSifu") to resign.

Patrin sensationally announced Jan. 27 as co-founder of the now-defunct QuadrigaCX exchange. He had been tried for credit card fraud and pleaded guilty to several related crimes.

There have been several active votes on the Wonderland management forum, but at the time of writing, 55 percent voted to shut down the project and return the contents of the coffers to depositors, while 45 percent voted to disband. Sestagalli said the split led to a unified decision.