The internet offers so much anonymity that anyone can pose as just about anyone else…and investors in Wonderland (TIME), a new, lesser-known crypto startup, learned this lesson firsthand.
Last week saw the crypto project collapse when their native token dropped more than 60% in value.
And even though Wonderland is relatively small compared to other cryptos, the 60% doink ripped through the entire crypto market, exposing once again just how vulnerable the whole thing is. Even little missteps were enough to send a wide range of coins into chaos.
While that was a tough pill to swallow, it was made even tougher once the reason for Wonderland’s collapse went public–and this situation should force us to pay closer attention to cryptos we put our money into.
So, what happened with Wonderland?
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