UwuLend

2005-01-01

Omar Dhanani (later Michael Patryn) pleads guilty to conspiracy to transfer identification documents in connection with the Shadowcrew online fraud marketplace; sentenced to 18 months in U.S. federal prison.

2007-01-01

Dhanani pleads guilty to separate charges of burglary, grand larceny, and computer fraud. Subsequently deported to Canada after serving his sentence.

2013-01-01

Michael Patryn co-founds QuadrigaCX with Gerald Cotten. The exchange would grow to become Canada's largest crypto exchange.

2016-01-01

Patryn departs QuadrigaCX.

2019-01-01

QuadrigaCX collapses following the reported death of CEO Gerald Cotten; over 76,000 users lose access to approximately $169 million in assets.

2020-06-11

Ontario Securities Commission publishes investigative report concluding QuadrigaCX operated as a Ponzi scheme under Cotten's direction.

2022-01-27

Blockchain investigator ZachXBT reveals that Wonderland DAO treasury manager '0xSifu' is Michael Patryn, co-founder of QuadrigaCX. The disclosure triggers a community crisis and a DAO vote to remove Sifu.

2022-01-31

Wonderland DAO community vote results in 87.56% of tokens voting to remove 0xSifu as treasury manager.

2022-02-18

Patryn launches the SIFU token on Uniswap V3.

2022-09-21

UwU Lend launches on Ethereum mainnet as an Aave fork, quickly attracting $57.5 million in TVL.

2024-06-10

UwU Lend exploited for approximately $19.3 million via oracle manipulation of the sUSDe price feed using Curve Finance spot price sources. Attacker address: 0x841ddf093f5188989fa1524e7b893de64b421f47. Protocol paused within minutes. 0xSifu offers 20% white-hat bounty.

2024-06-13

Same attacker returns and drains an additional $3.7 million from UwU Lend using uUSDE collateral from the first attack, while the protocol was mid-reimbursement of first hack victims (~$9.7M repaid). Combined losses reach approximately $23 million.