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A tidal wave of panic washed over the DeFi community when Andre Cronje, technical advisor at the Fantom Foundation, and Anton Nell, senior solutions architect at the Fantom Foundation, announced via a tweet that they were leaving crypto and DeFi. Nell also stated that around 25 apps and services would be deleted in April 2022, leading […]
Fantom (FTM) and Yearn Finance (YFI) — coins associated with Andre Cronje — tumbled 21% and 10.3% over 24 hours to $1.33 and $18,046.12 respectively after the news of the software developer's departure from Decentralized Finance, or DeFi, was announced.
In the crypto industry, where personalities reign supreme, hirings and firings are a huge deal. As of press time, several crypto and DeFi communities were dealt a shocking blow when two major players announced that they were stepping out of the game – possibly for good.
Andre Cronje is bowing out from DeFi. Cronje's close partner Anton Nell announced that the pair would be leaving the space in a tweet early Sunday.
Both YFI and FTM plummeted by double digits immediately following the announcement.
