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Fantom Foundation releases statement clarifying the passing of Andre Cronje and Anton Nell

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Recently, media outlet Rekt.news made prominent allegations about Fantom Opera, a layer 1 blockchain, after the foundation’s technical advisor Andre Cronje and senior solutions architect Anton Nell announced that they leave the crypto space entirely. Almost immediately, public interest arose after Nell tweeted, “There are approximately ~25 apps and services that we will be terminating on April 3, 2022.” In the now-deleted Rekt article, it accused The following:

“Fantom, Solidly, SpookySwap, Abracadabra, Geist: many projects combined into one system designed to extract maximum value for a small group of insiders who are now slowly exiting the stage.”

However, on Friday, the Fantom Foundation announced a declare regarding the alleged “inaccuracy of fact”, “removed statement” and “false information” from the Rekt paragraph. Specifically, the Fantom Foundation states:

“Andre and Anton did not ‘terminate’ 25 projects. Instead, any involvement (such as front-end) in these projects will be delegated to existing teams, many of whom have developed and run independently. “

Furthermore, the organization explains that neither Cronje nor Nell are core developers at Fantom and that the organization itself was not involved in the creation of any of the 25 projects (including, most notably Yearn.finance) mentioned. It appear that due in part to the couple’s departure, the total value locked on Fantom has dropped to $8.27 billion from $11.26 billion on Sunday, the day of the announcement. Blockchain has processed over 200 million transactions with over 2 million active wallets since its inception.