Wu Blockchain reports that Barrett, co-founder of the Solana ecosystem DeFi project Ranger Finance, announced that Ranger Finance is gradually shutting down operations. He stated that the project had previously taken on operational and expansion costs beyond its sustainable capacity. Following delays in funding, financial strain, and the liquidation of treasury assets, some employees and suppliers were not fully paid. The Drift incident further impacted the project's remaining funds and operational progress. Barrett also mentioned that Vault users affected by the Drift incident will receive corresponding compensation when the Drift team distributes recovery tokens. Ranger Finance will provide further updates on the business closure arrangements. https://(wublock123.com)/news/solana-defi-project-ranger-finance-shuts-down-after-drift-funding-pressure-61102