Wonderland’s treasury saga exposes the fragility of DAO projects today

1 min read
May 17, 2022 by


The controversy around Wonderland DAO has brought back focus on the “not-so” decentralized nature of some DAO projects.

The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy.

QuadrigaCX is a defunct crypto exchange from Canada which closed when Gerald Cotten, the exchange founder and sole person with knowledge of the exchange’s wallet keys, passed away. Following his death, $169 million worth of user funds were irreversibly lost.

Read the full article at: https://cointelegraph.com/news/wonderland-s-treasury-saga-exposes-the-fragility-of-dao-projects-today?fbclid=IwAR1QKyzjaBeqFwYALQLAAfr05IcwGvQn0F7lE4SQeynAgZxsDEXfj_f8sgM

Reference: https://medium.com/@ozliving/wonderlands-treasury-saga-exposes-the-fragility-of-dao-projects-today-a1e81dadc71f