Ranger Finance Announces Gradual Shutdown Amid Funding Delays and Drift Vulnerability Impact

Ranger Finance co-founder cobra stated that Ranger Finance is gradually shutting down, as some individuals and vendors who collaborated with, built, and supported the project have not been fully compensated. He noted that the project had relied on personal funds from the founders to sustain operations during periods of cash shortage and pursued funding through MetaDAO; however, delays in financing led to accumulating bills. After the funding was eventually completed, the project received only about two months of runway, after which the funds were returned. Ranger Finance said that the treasury liquidation exceeded expectations, impacting employees, vendors, and growth budgets; subsequently, the Drift vulnerability incident further hindered progress. Vault users affected by the Drift vulnerability will receive restored tokens when distributed by the Drift team.