Users rally behind yEarn.Finance founder after threats

On September 29, the founder of the DeFi protocol yEarn Finance, Andre Cronje, said he had received threats after the hack of the unfinished Eminence project and did not respond to further messages. Some users sought to cheer him up by creating thread with words of gratitude and support.

That day Cronje warned that for future projects he would refrain from using publicly accessible ETH addresses and Twitter accounts. This was prompted by criticism aimed at him after the incident with Eminence.

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

The developer pledged to continue work on Eminence and on more than a hundred other smart contracts. He would publish official announcements on Medium.

Given some of the responses, let me be clear, do not use random contracts I deploy unless I reference it in a medium article.

The contracts I deployed yesterday were purely for myself to engage with, both GIL and EMN are staging and will not be used.

— Andre Cronje (@AndreCronjeTech) September 29, 2020

On the day Eminence was hacked, Cronje discovered that the attacker had sent $8 million of the $15 million stolen to the deployment account on yEarn Finance. After receiving threats, the developer promised to distribute these funds among users based on the balance snapshot taken before the hack.

On October 9, a colleague of the yEarn Finance founder, under the handle @bantg, confirmed that Andre would no longer use Twitter. He added that this had been achieved by those pressuring Cronje.

Andre said he won’t be tweeting anymore. People got what they asked for.

— banteg (@bantg) October 8, 2020

In an interview with Cointelegraph, Cronje’s associate said he had been threatened with “death threats”.

“The crypto community as a whole has always been immature and irresponsible. Andre has always preached the opposite. But the witch-hunt forced me to look at this differently. The past week has been very demoralising,” he explained.

Within a day, the initiative to support Cronje had drawn more than two dozen responses.

“All this Eminence story will benefit the market. End the noise. Purge the community of some price-obsessed lunatics. Let us focus on building products and growing the community,” wrote one of them.

According to CoinGecko, at the time of writing YFI is trading around $18,600. The token’s price has risen more than 17% over the past 24 hours. The all-time high, set on September 13, is $43,337. On August 18, YFI rose above Bitcoin.

Earlier ForkLog reported a 31.3% drop in the yEarn.Finance token over the past seven days. Along with SUSHI and UNI, the coin has become the main underperformer in the DeFi sector.

Earlier, in YFI’s drop on October 8 to a low not seen since late August, found traces leading to Sam Bankman-Fried, head of the FTX exchange and Alameda Research.

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