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Ranger Finance co-founder: The protocol will be gradually shut down, and he himself will leave the project.

Ranger Finance co-founder: The protocol will be gradually shut down, and he himself will leave the project.

ForesightNewsForesightNews2026/05/15 01:49
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Foresight News reported that Ranger Finance co-founder Barrett Williams posted on Twitter that Ranger Finance will gradually shut down and he will also leave the project. The main reason is that Ranger Finance took on work beyond its own capacity. When funds were tight, the founding team invested personal funds to maintain operations and attempted to raise capital through MetaDAO. However, delays in fundraising led to accumulated bills, and some team members chose to stay on even though they were aware they might not receive their salaries on time.


After fundraising was completed, the company only secured about a two-month funding window before the funds had to be repaid. During this period, the team tried to pay employees and vendors as fairly as possible, but it was still not enough to cover all outstanding debts. Additionally, unforeseen liquidation of Vault assets and an attack on the Drift protocol further depleted their remaining funds and personal capital, making it difficult for the project to continue. Vault users affected by the Drift vulnerability will receive Drift recovery tokens when distributed by the Drift team.

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