Ranger Finance
Summary
Ranger Finance was a Solana-based perpetual futures DEX aggregator that raised $1.9M in seed funding in January 2025 and completed a $6M+ MetaDAO ICO in January 2026. The project shut down in May 2026 following a governance-forced treasury liquidation triggered by alleged ICO misrepresentation, compounded by the April 2026 Drift Protocol exploit and a subsequent funding crisis. Token holders recovered approximately $5.04M USDC from the treasury, while employees and vendors were reportedly left without full compensation.
Timeline(13 events)
2024-01-01
Ranger Finance founded in Singapore by Barrett Williams, Coby Lim, and FA2 (SolanaFM co-founder).
Tracxn / CoinDesk2024-02-01
Ranger Points Season launched, distributing 500,000 points weekly to traders and referrers as an airdrop incentive program.
CoinDesk2024-12-12
CoinDesk publishes profile of Ranger Finance describing its target market of large Solana perpetuals traders and eight-person founding team.
CoinDesk2025-01-23
Ranger Finance closes $1.9M seed round led by RockawayX, with participation from Big Brain Holdings, Zee Prime Capital, Selini Capital, Presto Labs, Flow Traders, ANAGRAM, MonkeDAO, and Rise Capital. Valued at $30M.
Tracxn / CypherHunter2025-07-14
Ranger Finance publicly rolls out its DEX aggregator product and formally launches the Points Season.
CoinDesk2025-11-01
Ranger Finance acquires Voltr strategy vault protocol and announces plans for RNGR token and MetaDAO governance.
CoinLaunch / KuCoin2026-01-06
RNGR token public ICO opens on MetaDAO at $0.60 per token, with a minimum raise threshold of $6M — a record for the platform.
ICO Drops / KuCoin2026-01-10
RNGR token reaches all-time high of approximately $0.86. TGE completes; ICO raises over $86M on MetaDAO.
CoinMarketCap / CoinGecko2026-03-03
MetaDAO announces a governance proposal to fully liquidate Ranger Finance's treasury, citing alleged material misrepresentation by the team prior to the ICO fundraise.
CryptoTimes2026-03-11
RNGR token holders vote to approve full treasury liquidation. Approximately $5,047,250 USDC withdrawn from treasury and liquidity pools for distribution to token holders.
Phemex News2026-04-01
Drift Protocol, a primary liquidity partner for Ranger Finance, is exploited for approximately $270M in a suspected North Korean (UNC4736/DPRK) state-linked attack, severely disrupting Ranger's trading infrastructure.
CoinDesk / Elliptic2026-05-14
Co-founder Barrett Williams announces Ranger Finance wind-down on X, acknowledging employees, vendors, and supporters will not be fully compensated and that founders injected personal capital unsuccessfully.
X (Barrett Williams) / CryptoTimes2026-05-15
CryptoTimes publishes detailed wind-down report confirming Ranger Finance's official closure, citing the governance treasury liquidation, Drift exploit, and funding crisis as compounding causes.
CryptoTimesmodel: claude-code-investigator
generated: 5/21/2026, 6:46:22 PM
last updated: 5/21/2026, 6:46:22 PM
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