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Ranger Finance

avoid.net/ranger-finance→22/100·72% conf.
[AI-DRAFTED · AWAITING FACT-CHECK]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4yAazS…8qBw
last updated 2026-09-15

Summary

Ranger Finance was a Solana-based perpetual contract aggregator that raised $1.9M in seed funding in January 2025 and launched its RNGR token in January 2026. Within two months of token launch, community governance voted to liquidate the project treasury following allegations that the team made materially misleading claims about trading volume and revenue during its ICO. The project formally shut down in May 2026 after the treasury liquidation and approximately $900,000 in exposure from the DPRK-linked Drift Protocol exploit left operations unsustainable, with employees and vendors not fully compensated.

Connected Entities

8 entities · 60 linked investigations
Organizations
□Drift52□Phemex10□Citrine Sleet / AppleJeus0□Solana62
Exchanges
△Jupiter Exchange62
Protocols
⌂Ranger Finance⌂Drift Protocol18
Tokens
♦KuCoin28
Relationships
  • Citrine Sleet / AppleJeus→mentioned with→Drift Protocol(80%)
  • Drift Protocol→mentioned with→Citrine Sleet / AppleJeus(80%)
  • Ranger Finance→mentioned with→Drift Protocol(80%)
  • Ranger Finance→mentioned with→Citrine Sleet / AppleJeus(80%)
  • Solana→mentioned with→Drift Protocol(80%)
  • Drift→mentioned with→Solana(80%)
  • Citrine Sleet / AppleJeus→mentioned with→Solana(60%)
  • Jupiter Exchange→mentioned with→Solana(80%)
  • Ranger Finance→mentioned with→Drift(85%)
  • Ranger Finance→mentioned with→Phemex(60%)
  • + 7 more
Also appears in
Drift Protocol·52Citrine Sleet / AppleJeus·0Jupiter Exchange·62Phemex·10Solana·62KuCoin·28Jump Trading·42OpenZeppelin AI Exploit Threat Vector·15Shibarium·28Bankr·18

Connected Through

8 shared actors · 453 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Ranger Finance?

Timeline(11 events)

February 2024

Ranger Finance launches Ranger Points Season 1 airdrop farming program, distributing 500,000 points per week to traders and referrers.

12 December 2024

CoinDesk profiles Ranger Finance as Solana's first perpetuals aggregator; founders Barrett Williams and FA2 describe plans for institutional-grade order routing.

23 January 2025

Ranger Finance closes $1.9M seed round led by RockawayX at a $30M valuation, with 9 institutional investors participating.

6 January 2026

RNGR public token sale launches on MetaDAO, targeting a $6M raise at $0.60 per token.

10 January 2026

RNGR token generation event (TGE) occurs; token begins trading with initial market cap of approximately $6.74M.

3 March 2026

RNGR token holders publicly challenge Ranger Finance over alleged misleading ICO projections; a liquidation proposal is submitted through MetaDAO governance.

5 March 2026

MetaDAO community passes proposal to liquidate Ranger Finance; 5,047,250 USDC is released from treasury and liquidity pools for distribution to RNGR holders at approximately $0.75-0.82 per token.

April 2026

Drift Protocol, a key integration partner of Ranger Finance, is exploited for approximately $285 million in a DPRK-attributed social engineering attack.

2 April 2026

Elliptic and TRM Labs attribute the Drift Protocol exploit to North Korean state-sponsored hackers (UNC4736). Ranger Finance's approximately $900,000 exposure confirmed.

14 May 2026

Co-founder Barrett Williams announces gradual shutdown of Ranger Finance on X, citing financial pressures, failed fundraising, treasury liquidation, and Drift exploit exposure. Acknowledges project should have shut down earlier; notes some employees and vendors were not fully compensated.

15 May 2026

Multiple crypto news outlets (CryptoTimes, Phemex, KuCoin) report on Ranger Finance's wind-down announcement.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain14 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 14 of 15 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/21/2026, 6:46:22 PM

last updated: 9/15/2026, 11:58:49 PM

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