Cryptocurrencies
Wonderland Community Votes to Keep DeFi Project Going After Scandal
- Felon was formally ousted from his role in a weekend vote
- Crypto project had promised an annual yield above 80,000%
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The saga of the decentralized finance project Wonderland has taken another turn, with stakeholders in the cryptocurrency protocol voting to keep it going in a yet to be determined format after a scandal involving its head of treasury damaged confidence in its management.
But by the close of voting on Monday, 55% of participating token holders supported Wonderland co-founder Daniele Sestagalli in voting against winding down the project and returning treasury funds to investors. Now, the project’s backers must now await Sestagalli’s decision on an as-yet undetermined proposal on the future of their money.