0xSifu moves thousands of ETH to Tornado.Cash

The central theses

  • Michael Patryn, the recently outed former Wonderland Money finance manager, has transferred 2,100 ETH to Tornado.Cash.
  • Patryn, known in crypto circles by the alias “0xSifu,” insists the funds belong to him.
  • Patryn has a criminal record and co-founded the ill-fated Canadian exchange QuadrigaCX.

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0xSifu, the recently ousted finance manager of decentralized finance protocol Wonderland Money, has sent millions of dollars worth of Ethereum to Tornado.Cash, a platform that allows users to obfuscate the movement of their funds. 0xSifu was recently outed as Michael Patryn, co-founder of rogue Canadian crypto exchange QuadrigaCX.

ETH on the move

Michael Patryn, better known by the alias 0xSifu, seems to have it sent 2,100 ETH (worth around $5.85 million) to Tornado.Cash, a privacy protocol that allows users to obfuscate their Ethereum transactions over the past 13 hours.

Patryn has responded multiple times on Twitter to users who have claimed he was involved in foul play and insisted the funds were his own. The movement of funds was first pointed out by PeckShield, a blockchain security company; Plus Patryn answered“Great. Notifications for my own money.”

Shortly thereafter, when a user asked“Whose money does he move?” in response to Peckshield’s second alarmPatryn wrote“Mine. Apparently you’ll be getting notification spam for a while.”

Answer to Coindesk claim that he’s laundering money, Patryn answered sarcastically I write that all referrals to Tornado are considered ‘laundered’ for you.”

By Twitter user 0xTuti recommended to Patryn that the appearance of his decision to use Tornado.Cash was not ideal, Patryn explained that he did so because he wanted privacy from the “thousands of randos” stalking his wallet.

Trouble in Wonderland

It’s been a rough week for the Wonderland Money community, but the troubles started before 0xSifu, their former finance manager, did revealed reported to be Michael Patryn, a convicted fraudster, on Jan. 27. the the day before Users had suffered significant liquidations while TIME token was 95% off its highs; the MEMO token, on the other hand, was trading far below its so-called intrinsic value.

Developments came to a head when Daniele Sestagalli, who was later revealed to have known of Patryn’s past before it became public knowledge, called for the end of his Wonderland project on Sunday. However, it seems that the project is not over yet due to the support of the community. sestagalli sent today that the project would continue thanks to the approval of the community.

Disclosure: At the time of writing, the author of this article owned BTC, ETH, and several other cryptocurrencies.

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