← Popsicle Finance1 decision on this page
Audit log
Every state-changing event for Popsicle Finance: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.
- #1publishby system:backfill2026-05-21 18:45:43ZScore: ? → ? (no score change)anchoranchored
- chain
- ●mainnet-betaslot 421,258,832
- sig
hZDgU62zGzrY…E7srSuGXexplorer ↗- hash
FNNok9rfR6sz…C9pB3gh5sha256 → base58
verifying row…full verify ↗canonical bytes (8244 B) ▸
{"actor":"system:backfill","investigation_id":"357d31e5-0f6e-42dd-bfda-4412342a440b","kind":"publish","page_slug":"popsicle-finance","published_at":"2026-05-21T18:45:43.422Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Popsicle Finance","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://phemex.com/academy/what-is-popsicle-finance-ice","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/popsicle-finance/","type":"other","url":""},{"credibility":3,"name":"https://docs.popsicle.finance/our-audits","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://decrypt.co/77620/defi-protocol-popsicle-finance-hacked-25-million","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/markets/2021/08/04/popsicle-finance-loses-207m-in-cyberattack","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-popsicle-finance-hack-august-2021","type":"other","url":""},{"credibility":3,"name":"https://popsiclefinance.medium.com/popsicle-finance-post-mortem-after-fragola-hack-f45b302362e0","type":"other","url":""},{"credibility":3,"name":"https://blocksecteam.medium.com/the-analysis-of-the-popsicle-finance-security-incident-9d9d5a3045c1","type":"other","url":""},{"credibility":3,"name":"https://medium.com/breadcrumbsapp/popsicle-finance-exploit-how-the-hacker-did-it-af164acd7e8e","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptobriefing.com/popsicle-finance-repays-victims-of-25-million-attack/","type":"other","url":""},{"credibility":3,"name":"https://popsiclefinance.medium.com/popsicle-finance-post-mortem-after-fragola-hack-f45b302362e0","type":"other","url":""},{"credibility":3,"name":"https://popsiclefinance.medium.com/hack-repayment-update-14290ea32cd","type":"other","url":""},{"credibility":3,"name":"https://docs.popsicle.finance/our-tech/ice-token/nice-tokens","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.ipaddressguide.org/who-is-daniele-sesta-daniele-sestagalli-the-man-behind-wonderland-time-popsicle-finance-ice-and-abracadabra-mim/","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2023/09/20/avalanche-developer-known-for-minting-millionaires-and-duds-is-back-with-wagmi-tokens","type":"other","url":""},{"credibility":3,"name":"https://coinculture.com/au/people/the-downfall-of-daniele-sesta-and-time-202202/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/markets/2022/01/27/wonderland-rattled-after-cofounder-tied-to-alleged-quadrigacx-190m-exit-scam","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2022/01/27/how-did-a-former-quadriga-exec-end-up-running-a-defi-protocol-wonderland-founder-explains","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/91354/cfo-defi-project-wonderland-ousted-co-founder-quadrigacx-report","type":"other","url":""},{"credibility":3,"name":"https://amycastor.com/2022/01/27/quadrigacx-cofounder-michael-patryn-resurfaces-as-oxsifu-treasury-manager-of-wonderland/","type":"other","url":""},{"credibility":3,"name":"https://cryptobriefing.com/wonderland-treasury-manager-outed-quadrigacx-cofounder/","type":"other","url":""},{"credibility":3,"name":"https://beincrypto.com/wonderland-time-ceo-ignores-community-vote-announces-projects-closure/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://beincrypto.com/wonderland-time-ceo-ignores-community-vote-announces-projects-closure/","type":"other","url":""},{"credibility":3,"name":"https://coinculture.com/au/people/the-downfall-of-daniele-sesta-and-time-202202/","type":"other","url":""},{"credibility":3,"name":"https://cryptobriefing.com/disgraced-defi-founder-daniele-sestagalli-calls-time-wonderland/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2023/09/20/avalanche-developer-known-for-minting-millionaires-and-duds-is-back-with-wagmi-tokens","type":"other","url":""},{"credibility":3,"name":"https://dailycoin.com/popsicle-finance-up-300-after-frog-nation-leader-announces-comeback/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://blocksecteam.medium.com/the-analysis-of-the-popsicle-finance-security-incident-9d9d5a3045c1","type":"other","url":""},{"credibility":3,"name":"https://home.treasury.gov/news/press-releases/jy0916","type":"other","url":""},{"credibility":3,"name":"https://popsiclefinance.medium.com/popsicle-finance-post-mortem-after-fragola-hack-f45b302362e0","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-popsicle-finance-hack-august-2021","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/77620/defi-protocol-popsicle-finance-hacked-25-million","type":"other","url":""},{"credibility":3,"name":"https://docs.popsicle.finance/our-audits","type":"other","url":""},{"credibility":3,"name":"https://skynet.certik.com/projects/popsiclefinance","type":"other","url":""}]}],"sources_used":[],"summary":"Popsicle Finance is a cross-chain automated yield optimization protocol, launched in March 2021, that suffered a critical $20.7 million exploit in August 2021 due to a reward-tracking vulnerability in its Sorbetto Fragola pools. The protocol is part of Daniele Sestagalli's 'Frog Nation' ecosystem alongside Wonderland (TIME) and Abracadabra Money (MIM), which was later engulfed in a major scandal when the treasury manager of Wonderland was revealed to be Michael Patryn, a convicted felon and co-founder of the fraudulent QuadrigaCX exchange. The project subsequently rebranded as WAGMI in 2023 but remains a high-risk entity given the severity of the 2021 exploit, the laundering of stolen funds through Tornado Cash, and the broader Frog Nation governance failures.","timeline":[{"date":"2021-03-01","event":"Popsicle Finance launches as a multi-chain automated yield optimization platform with ICE as its native token.","source":""},{"date":"2021-08-03","event":"Attacker drains approximately $20.7 million from Popsicle Finance's Sorbetto Fragola pools using a flash loan and reward-debt vulnerability, at 10:53 PM UTC.","source":""},{"date":"2021-08-04","event":"Popsicle Finance publicly discloses the exploit. ICE token falls over 55%. Team offers $1 million bounty for voluntary fund return. Stolen funds are laundered via Tornado Cash.","source":""},{"date":"2021-10-01","event":"Popsicle Finance announces nICE token reimbursement plan, funded from founder Daniele Sestagalli's personal token allocation, priced at $29 per ICE token.","source":""},{"date":"2022-01-27","event":"ZachXBT publicly reveals that 0xSifu, Wonderland treasury manager, is Michael Patryn — convicted felon and QuadrigaCX co-founder. Daniele Sestagalli confirms the allegation and admits prior knowledge. TIME drops 36%, ICE drops 30%.","source":""},{"date":"2022-02-01","event":"Daniele Sestagalli announces Wonderland's closure, overriding a community governance vote in which the majority had voted to preserve the protocol.","source":""},{"date":"2022-08-03","event":"Deadline for nICE holders to qualify for 20% bonus reimbursement by maintaining full nICE balance for one year post-hack.","source":""},{"date":"2022-08-08","event":"U.S. Treasury OFAC sanctions Tornado Cash, the mixer used to launder Popsicle Finance exploit proceeds.","source":""},{"date":"2023-07-01","event":"Daniele Sestagalli announces WAGMI, a rebrand of Popsicle Finance, planned for deployment on nine blockchains.","source":""},{"date":"2023-09-20","event":"WAGMI token swap goes live; ICE and nICE holders can migrate to WAGMI at a 1:69 ratio. WAGMI launches with approximately $2 million market cap.","source":""}]},"v":1}Verify offline (run on your own machine)python -m src.verify_decision 566bbcac-039a-4529-a221-0bd993af6f5e
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine —
python -m src.verify_decision <event_id>.