Edit: Wonderland (TIME) — CryptoScamsWiki

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> **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]

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