Sifu Doxxed – Wonderland CFO Revealed As Convicted Conman Omar Dhanani

If you’ve been following the Wonderland drama over the last few days (read Part 1 and Part 2 for background), you may have expected that anything could happen. What you probably didn’t expect is what actually happened – Wonderland’s treasury manager Sifu was doxxed as convicted conman Omar Dhanani, aka Michael Patryn.

But that’s not all, folks! Dani knew. For at least a month, Daniele Sestagalli let a convicted fraudster, conman, and money launderer sit on the multisigs of 4 of his protocols.

Dani confirmed in a mirror post that Sifu has been removed from his position on Wonderland. However, Sifu still sits on Frog Nation multisigs, including Wonderland multisigs on ETH mainnet, Fantom, Avalanche. User funds may be in danger. Transactions currently sit in the multisig queue of the ETH mainnet multisig to send funds to Sifu’s personal wallet.

Sifu also appears to be trying to launder his personal wallet’s existing funds. On-chain transactions show a massive flow of funds from Sifu’s personal wallet.

Some DeFi leaders have posted messages of support for Dani, while condemning Sifu and recommending against his future involvement in any protocols. Other users are less supportive of Dani.

Emotions are high, and accusations are cheap. Dani-as-a-fed is probably a bit far-fetched, but the facts of the matter are just as fantastical.

  • A confirmed financial criminal was allowed access to a massive warchest with little oversight
  • Said criminal did so with the knowledge of the protocol’s founder
  • Said founder defended the known criminal publicly
  • Criminal was only removed from his position once the backlash became severe

We all want off Willy Wonka’s magical ride, Andre.

Dani’s other protocols are distancing themselves from the now-radioactive Wonderland protocol. $SPELL’s price has plummeted since the start of the controversy, although Abracadabra has historically been a strong product.

It’s been a wild three days. Sifu doxxed as a criminal, Wonderland a smoking, toxic ruin, and reputations being shattered in real time. $TIME will tell if Dani’s personal reputation or any of his protocols will survive, but it will be a hard fight to recover.

A swarm of legitimate questions need answering. Angry users who were hurt by the liquidation cascade that started all this still need to be soothed. Funds may need to be recovered from Sifu if fraud can be proven. The Frog Nation, once cohesive, is being broken apart and may never recover.

In the end, the real losers are the frogs. Dani’s true believers and staunch bagholders have suffered through much. They have lost much. It hurts to see them become the victims of a charlatan. We can only hope that Dani was legitimate in intention, and merely made poor decisions. If he was not being aboveboard, the pain has only begun.

Photo of author

Written By BowTiedPickle

Anonymous cartoon pickle inspired by BowTiedBull. Degen chemical engineer, moonlighting as a Solidity developer.


This article may contain links to third-party websites or other content for information purposes. BowTiedIsland may receive a commission at no cost to you if you purchase a product after clicking one of these links. The Third-Party Sites are not under the control of BowTiedIsland, and BowTiedIsland is not responsible for the content of any Third-Party Site. All information contained herein is the opinion of the writer and does not constitute financial advice. We aim to act as a neutral third party and aid in your research and analysis.

The Jungle

Crypto, Investing, and E-Commerce with BowTied Bull

The future is internet based, therefore we have a triangle based approach with crypto, e-commerce business making and Investing in traditional assets

The Culture War with BowTiedRanger

Whether you’re a political junkie or just interested in current events. 

You’ve come to the right place for analysis of the most relevant current events and political issues.

Fitness With BowTiedOx

BowTiedOx provides you a place to find all of his latest programs and guides.

Weekly newsletters that cover fitness, health, and mindset, all grounded in the fundamentals of physiology.

Media Production with BowTied Turkey and BowTied Tamarin

Video is no longer optional.

Don’t get left behind.

Your brand deserves professional videos to engage your audience.

Art & Graphic Design with BowTied Patriot

BowTied Patriot is a graphic artist who specializes in photography, mixed medium custom artwork, and NFT creation.

Join BowTiedPatriot as he dives into making Art in Web3.0 and The Metaverse.

Cooking with BowTiedOctopod

Learn secrets from a fine dining chef for maximum flavor and time-saving efficiency

Newsletters on Ingredients, Techniques and Flavor hacks that will have you eating better. We will never eat bugs!

Meme Warfare with DgenFren

Increase your online engagement, organically influence narratives, and build your online persona by using marketing that your target audience actually wants: memes.

Learn How to Sell with BowTiedSalesGuy

Sales is one of the most transferrable life skills, yet few know how to actually sell.

Traditional sales tactics don’t cut it in today’s hyper competitive world.

Learn the secrets from a Chad Salesman and change your Life forever.

Ecommerce with BowTiedOpossum

Learn the skills to start and build your first online business.

Want to build a business that travels with you?

Learn from an industry veteran that has worked on and with brands you already know.