[Ranger Finance Announces Gradual Shutdown Due to Financial Pressure and Impact from Drift Attack] Co-founder of Solana ecosystem DeFi project Ranger Finance, cobra (@barrett_io), posted on the X platform that Ranger Finance is undergoing a gradual shutdown. The project had taken on operations beyond its sustainable capacity, with the founders injecting personal funds to maintain operations. However, delays in fundraising led to accumulated bills. Ultimately, the fundraising efforts were unsuccessful, and the raised funds were returned. The team used the remaining two months of operational funds to pay employees and suppliers as fairly as possible, but it was insufficient to cover all expenses. Unexpected treasury liquidation severely impacted budget decisions. Subsequently, the Drift attack depleted the remaining funds and personal capital. Users affected by the Drift attack will receive recovery tokens during distribution by the Drift team. The founders stated that, in hindsight, the project should have been shut down earlier and expressed their apologies for this.