The co -founder of the bankrupt exchange of Quadrigacx launched the Defi Uwu Lenda protocol – Bits Media

The co -founder of the bankrupt Canadian cryptocurrency exchange of Quadrigacx Michael Patrin launched a decentralized finance protocol (DeFi) Uwu Lend with its own token Uwu.

According to Defillama, The project was launched 21 september. Known, that the maximum number of tokens Uwu is 16 million. Borrowers do not have a repayment schedule, And the treasury of Uwu receives small amounts from the commissions for transactions. It is worth noting, that the founder of the new protocol has already changed his name twice - from Omar Dhanan (Omar dhanani) On Omar Patrin (Michael Patryn), and then on Michael Patrina (Michael Patryn).

Michael Patrin was convicted of age 22 years in California for money laundering after, like in 2005 a year found himself guilty of conspiracy to make fraud with credit cards. IN 2007 year he pleaded guilty to theft of funds on an especially large scale and computer fraud. Patrin was arrested by the Secret Service as part of the Shadowcrew special operation.

Having served a term in an American prison, The businessman was deported to Canada. Later Patrin, together with Gerald Cotten (Gerald Cotten) founded the retail site Quadrigacx. The entrepreneur claims, that he left the exchange in 2016 year, Before she ran into problems after the death of Kotten.

Recall, that Kotten did not leave access to the cold wallets Quadrigacx, As a result, the exchange customers incurred losses on more than $200 million. According to Cryptomedication, The platform became insolvent long before the death of its founder. Therefore, there are assumptions, that Kotten could stage his death.

At the beginning of the year, the Defi Wonderland Protocol community voted to exclude the user under the pseudonym SIFU from among the project managers, Upon learning, that under this pseudonym hides Patrin.