What happened
The community revolt ended the project’s original operating thesis after the Sifu identity became public.
What failed
Anonymous treasury control plus a leveraged rebase token meant users were trusting unidentified operators.
Current status
TIME may still trade. That is a remnant market, not the original 2021 product.
What users should do
- Ask who can move the treasury and whether that person is identified.
Lessons
- Anonymous treasury admins are a governance risk.