Wonderland (TIME)
An Avalanche OlympusDAO-style 'reserve currency' protocol whose TIME token crashed after on-chain investigator ZachXBT revealed (Jan 2022) that its pseudonymous treasury manager '0xSifu' was Michael Patryn — a convicted felon and co-founder of the collapsed QuadrigaCX exchange.
Also known as: Wonderland, TIME, 0xSifu, Michael Patryn, Omar Dhanani, Daniele Sestagalli
Note: This entry documents a governance/disclosure controversy. Michael Patryn's prior convictions and QuadrigaCX role are matters of public record; the Wonderland episode itself produced no criminal charges.
Summary
Wonderland was an Avalanche-based, OlympusDAO-style "reserve currency" protocol with the native token TIME. In January 2022, on-chain investigator ZachXBT revealed that Wonderland's pseudonymous treasury manager, "0xSifu," was Michael Patryn — co-founder of the collapsed Canadian exchange QuadrigaCX and a convicted felon previously known as Omar Dhanani. [1][3]
Fallout
TIME, which had peaked around $10,000 in November 2021, fell sharply (to an all-time low reported around $335). Co-founder Daniele Sestagalli said he had known Patryn's identity and history beforehand. After a DAO vote, roughly 88% of participating TIME holders supported removing Patryn as treasury manager, and the project then weighed winding down. [1][2][3]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (3)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
$MELANIA tokenMarket manipulationA Solana memecoin announced by Melania Trump on Jan 19, 2025. Per FT analysis, ~24 wallets bought in minutes before the public announcement and netted ~$99.6M as retail piled in; the token then fell 95%+. Early buys were traced to wallets linked to $LIBRA figure Hayden Davis. No charges have been filed.
This page was last updated on Jun 15, 2026. View revision history.