Manifold Finance，一個曾經熱鬧的加密項目，現在陷入了混亂。

其古怪的創始人無法聯繫到，其代幣的價格暴跌，沮喪的支持者懇求更新。

A onetime buzzy crypto project has plunged into turmoil, with its erratic founder vanishing from sight, the price of its token plummeting, and frustrated supporters pleading for updates.

一個曾經熱鬧的加密項目陷入了混亂，其古怪的創始人從人們的視線中消失，其代幣的價格暴跌，沮喪的支持者懇求更新。

Manifold’s token, FOLD, hit an all-time low of 64 cents on Tuesday, down 98% from its 2022 peak of $87 — even as crypto markets surged on the election of Donald Trump as the US president.

Manifold 的代幣 FOLD 週二創下 64 美分的歷史新低，較 2022 年峰值 87 美元下跌 98%，儘管加密貨幣市場因唐納德·川普當選美國總統而飆升。

Fold’s worth peaked at more than $87, and it was trading above $30 as recently as April. In 2022, the venture’s market value topped $128 million. Now it’s only $2 million.

Fold 的價值最高時超過 87 美元，最近的 4 月交易價格超過 30 美元。 2022 年，該合資企業的市值突破 1.28 億美元。現在只有200萬美元。

The token has crashed amid a disappointing response to Manifold’s year-old liquid staking product, which was meant to compete with the likes of crypto giants Lido and Rocket Pool.

Manifold 推出一年前的流動質押產品，旨在與加密貨幣巨頭 Lido 和 Rocket Pool 等公司競爭，但市場反應令人失望，導致該代幣崩盤。

It has also suffered as a prominent backer stopped providing liquidity for the token on decentralised exchange SushiSwap earlier this year.

由於今年早些時候，一位知名支持者停止在去中心化交易所 SushiSwap 上為該代幣提供流動性，該代幣也遭受了損失。

Meanwhile, founder Sam Bacha has not provided regular updates on a forthcoming product meant to reverse Manifold’s declining fortunes. Self-imposed deadlines have come and gone.

同時，創辦人薩姆·巴查（Sam Bacha）並未定期更新即將推出的產品，該產品旨在扭轉 Manifold 的頹勢。自我設定的最後期限已經到來又過去了。

Bacha has occasionally commented in a 2,500-person Telegram chat without offering any explanation as to his whereabouts or Manifold’s progress, instead cracking jokes and sharing irrelevant memes, infuriating some supporters.

Bacha 偶爾會在 2,500 人的 Telegram 聊天中發表評論，但沒有對他的行踪或 Manifold 的進展做出任何解釋，而是開玩笑並分享不相關的表情包，激怒了一些支持者。

Even one of Manifold’s most prominent investors, crypto influencer Jordan Fish, better known as Cobie, said in the group Telegram chat that he has lost faith in the company.

就連 Manifold 最著名的投資者之一、加密貨幣影響者 Jordan Fish（更廣為人知的名字是 Cobie）也在 Telegram 群組聊天中表示，他已經對公司失去了信心。

“I invested in it in 2021, and at the top, it was worth like $5m and now it’s worth 0,” Fish told DL News. “I don’t know what to tell you, yeah, seems like it failed, crypto investments are risky, maybe I should’ve sold the top, it is what it is.”

「我在 2021 年投資了它，最高時它的價值約為 500 萬美元，但現在它的價值為零，」菲什告訴 DL News。 “我不知道該告訴你什麼，是的，似乎失敗了，加密貨幣投資有風險，也許我應該賣掉頂部，事情就是這樣。”

Philipp Zahn, a co-founder of Manifold partner 20squares, declined to comment to DL News, but called the company a “former client.”

Manifold 合作夥伴 20squares 的聯合創始人 Philipp Zahn 拒絕對 DL News 發表評論，但稱該公司是「前客戶」。

Bacha and Alexander Bradley, a Manifold employee, did not respond to multiple requests for comment.

巴查和 Manifold 員工亞歷山大·布拉德利 (Alexander Bradley) 沒有回應多次置評請求。

Manifold isn’t Bacha’s first project to go sideways.

Manifold 並不是 Bacha 第一個橫行的專案。

His last crypto startup, Block Array, appears to be defunct, and has been dogged by allegations of fraud. What’s more, this isn’t the first time he’s gone weeks without providing the status updates that are de rigueur in the crypto industry.

他的最後一家加密新創公司 Block Array 似乎已經倒閉，並且一直受到詐欺指控的困擾。更重要的是，這並不是他第一次連續幾週沒有提供加密貨幣行業必需的狀態更新。

But with the collapse of Manifold’s token and supporters’ anger boiling over, Bacha’s behaviour has taken on a more ominous tone.

但隨著Manifold代幣的崩潰和支持者的憤怒沸騰，巴查的行為呈現出更不祥的基調。

It’s the latest example of the pitfalls that come with crypto’s freewheeling culture.

這是加密貨幣隨心所欲文化帶來的陷阱的最新例子。

Bacha graduated from the University of Tennessee at Chattanooga in 2013, according to his LinkedIn account, which noted he had stints at AT&T and Amazon before founding his first blockchain-based startup in 2017.

Bacha 於2013 年畢業於田納西大學查塔努加分校，根據他的LinkedIn 帳戶顯示，他曾在AT&T 和亞馬遜工作過一段時間，然後在2017 年創立了他的第一個基於區塊鏈的初創公司。

Block Array’s website and white paper were inaccessible on Friday. The X account for its Freight Trust product has been suspended. Freight Trust’s token, EDI, is seldom traded and, despite a total supply of 600 million, had no market value Friday, according to Etherscan. Block Array’s token, ARY, is also worthless, according to Etherscan.

Block Array 的網站和白皮書週五無法使用。其 Freight Trust 產品的 X 帳戶已被暫停。根據 Etherscan 的數據，Freight Trust 的代幣 EDI 很少交易，儘管總供應量為 6 億，但周五沒有市場價值。根據 Etherscan 的說法，Block Array 的代幣 ARY 也毫無價值。

Manifold was founded in 2021 to help crypto traders avoid front-running from malicious bots. It raised $2.5 million from P2P.org, Marshland Capital, and several other venture investors.

Manifold 成立於 2021 年，旨在幫助加密貨幣交易者避免惡意機器人的搶先交易。它從 P2P.org、Marshland Capital 和其他幾家風險投資者籌集了 250 萬美元。

A version of that anti-front running software was developed for SushiSwap, a decentralised crypto exchange.

這個反前端運行軟體的一個版本是為去中心化加密貨幣交易所 SushiSwap 開發的。

But it was quickly shelved due to software bugs. SushiSwap declined to integrate a retooled version of the software, opting to pursue development of an in-house version instead.

但由於軟體缺陷，它很快就被擱置了。 SushiSwap 拒絕整合該軟體的重組版本，而是選擇開發內部版本。

After forays into other crypto middleware, Manifold eventually pivoted to liquid staking, a multibillion-dollar business long dominated by DeFi giant Lido.

在涉足其他加密中間件之後，Manifold 最終轉向流動性質押，這是一項長期由 DeFi 巨頭 Lido 主導的價值數十億美元的業務。

But Manifold’s liquid staking token, mevETH, saw little uptake after its launch a year ago; the market value peaked at $36 million in March.

但 Manifold 的流動性質押代幣 mevETH 自一年前推出以來幾乎沒有受到關注； 3月份市值達到高峰3,600萬美元。

Since then, it has been working in collaboration with German research firm 20squares on a new product, XGA.

此後，它一直與德國研究公司 20squares 合作開發新產品 XGA。

XGA is meant to ensure prompt confirmation of certain transactions, which sometimes wallow on Ethereum when a user doesn’t pay a sufficient fee.

XGA 旨在確保某些交易的及時確認，當用戶沒有支付足夠的費用時，這些交易有時會在以太坊上沉迷。

Manifold investors held out hope XGA would lift the company from its doldrums. Without warning, however, Bacha stopped providing regular updates on his company’s work.

多方投資者對 XGA 能夠使該公司擺脫低迷抱有希望。然而，在沒有任何警告的情況下，巴查停止定期提供公司工作的最新情況。

Crypto security firm KebabSec had started an audit of XGA’s code, Bacha said in a September 2 update shared in the Telegram group chat. It is unclear whether that audit

Bacha 在 Telegram 群聊中分享的 9 月 2 日更新中表示，加密安全公司 KebabSec 已開始對 XGA 的程式碼進行審查。目前尚不清楚該審計是否