All the lowdown on the FUD around FTM, YFI after Cronje’s exit
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.
The Fantom, Yearn, and Solidly communities – amongst others – were left in the lurch when Andre Cronje, technical advisor at the Fantom Foundation, and Anton Nell, senior solutions architect at the Fantom Foundation, announced their departure from crypto via Nell’s Twitter account.
Nell also declared that about 25 “apps and services” would be terminated on 3 April 2022. Understandably, this triggered a panic storm.
<p lang=«en» dir=«ltr» xml:lang=«en»>Unlike previous «building in defi sucks» rage quits, this is not a knee jerk reaction to the hate received from releasing a project, but a decision that has been coming for a while now. Thanks you to everyone that supported us over the past few years. 3/3— Anton Nell (@AntonNellCrypto) March 6, 2022
Were there signs of this before? Well, in late January 2022, Cronje penned an open letter of sorts where he expressed his frustration with rich quick schemes in crypto, and said he was struggling to follow his vision while building. Furthermore, he had earlier deleted his Twitter account and updated his LinkedIn profile.
<p lang=«en» dir=«ltr» xml:lang=«en»>What happened with Andre Cronje? After all the Solidly noise he is off Twitter and has changed his LinkedIn to show that he ended his tenures in Ethereum, Fantom and YFI in Feb 2022! He has only kept Keep3r active? Anyone know anything? pic.twitter.com/cKu3yot8Mb— Ran NeuNer (@cryptomanran) March 5, 2022
Users expressed a wide variety of emotions, ranging from
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