Ranger's Financing "Failed" After 4 Months, Founder Says Business Will Wind Down Due to Drift Incident

BlockBeats News, May 15th, Ranger Finance, a Solana-based DeFi project, co-founder Barrett announced that Ranger Finance is gradually winding down its operations. He mentioned that the project had previously taken on operating and expansion costs beyond its sustainable range. Following a funding delay, financial constraints, and the liquidation of the treasury assets, some employees and suppliers did not receive full payments. Subsequently, the Drift event further impacted the remaining funds and operational progress of the project.

It is worth noting that Ranger Finance conducted an ICO on January 7, 2026, through MetaDAO, raising $6 million.