2 entries tagged “avalanche”.
An Avalanche OlympusDAO-style 'reserve memecoin' run as an 8-day experiment (Nov 2021). When its promised treasury-funded 'buyback' opened on a private AMM, SDOG crashed 90%+ in seconds; only ~7% of supply could sell at a profit and insiders reportedly back-ran it for ~$10M. The team called it a 'game-theory experiment'.
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.