Andre Cronje has quit social media after he allegedly received death threats’ from members of the cryptocurrency community.
An Incomplete Protocol
Cronje said the hack of his incomplete, unreleased, protocol Eminence (EMN) resulted in a range of threats. In this particular hack, $15 million in liquidity was stolen, with the hacker sending $7.5 million in ETH to Cronje as an “apology.”
The event occurred while Cronje was asleep, and he woke up to find that the hacker mysteriously gave him half the stolen funds.
After the publication of his roadmap for the refund of Eminence investors ($8 million), Cronje has not been involved in social media.
Thank you for the feedback today. I have read two primary criticism and both seem to be related to the public nature of this twitter account and the public nature of my ETH address.
Going forward, I will not use either for new projects I am working on.
— Andre Cronje (@AndreCronjeTech) September 29, 2020
He also mentioned the public existence of his Twitter handle and his ETH address’s public nature were the cause of criticism.
The Rise of Cronje
As the architect of Yearn.finance, Cronje has had a meteoric rise in the cryptocurrency world. He has been instrumental in the rise of the overall Yearn.finance network.
Yearn.finance (YFI) is a decentralized funding network that aims, by transferring providers’ funds between platforms like Aave and Compound, to accomplish a variety of roles, such as aggregated liquidity and automatic marketing.
Yearn. Finance aspires to have access throughout the Ethereum ecosystem to an abundance of yield-generating goods.
Following a dramatic rise in August 2020, Yean now has $650 million worth of crypto assets to pursue the highest profits in the booming DeFI.
Yearn and its YFI coin stand out from the recent development of DeFi ventures, considering the promise of what one analyst called the “simple GUI for all of DeFi.” Since then, the YFI token has retraced in value along with most of the DeFi market.