Whole communities rely on a trustworthy team to guide them, but what happens when the team has a criminal onboard? A Twitter user did his detective work and found out that the CFO of Frog Nation, @0xSifu has a very shady past.
Before you think that this is some kind of gossip, let us tell you that the information is confirmed by the leader of the DAO, Daniele Sesta.
Frog Nation tokens have taken critical hits while the community continues to speculate on the issue.
Since their peak in November 2021, the TIME, SPELL, and ICE tokens have seen around 90% of their prices shaved off. Given that @0xSifu is the frontman of Wonderland, it is no surprise that its TIME token is being hit the hardest, already losing 96.7% over the past 3 months.
According to @zachxbt Frog, Nation CFO is Michael Patryn. Michael was the founder of the infamous QuadrigaCX that collapsed in 2019.
The failed Canadian exchange collapsed after the sudden demise of its founder Gerald Cotten. The death caused $169m of investor funds to disappear as well.
Things are just getting “better” he was also a convicted criminal in 2005. He was imprisoned for 18 months in the US over his role in an identity theft ring before being deported back to Canada.
From Frog Nation stated that they were aware of Michael’s shady past, but chose not to judge a man because of his past actions, but the community didn’t see this way and saw a pattern.