Ranger Finance is gradually shutting down, according to co-founder cobra, who said a delayed fundraising round ultimately failed and capital was returned. Cobra added that operating costs became unsustainable, treasury liquidation exceeded expectations, and the Drift attack further drained the project’s remaining funds. Users affected by the Drift attack are expected to receive recovery tokens later through a distribution by the Drift team. The source does not provide figures, dates, or details on losses, returned capital amounts, or the token allocation process.