YFI Rebounds After the EMN Drama

YFI Rebounds After the EMN Drama

By Abhimanyu Krishnan | News | 9 Oct 2020


Yearn.finance Andre Cronje has stayed out of public channels, after having received death threats from community members over the Eminence.finance incident. Cronje has not tweeted since September 29.

  • Cronje disappeared from public channels following an incident with an unaudited contract related to the Eminence.finance (EMN) project, which Cronje is working on
  • The contract was exploited and $8 million in investors’ funds were sent to Cronje by a hacker; Cronje has asked the yearn.finance treasury to help with reimbursing investors
  • However, YFI’s token is rebounding, jumping over 40% from $12,500 levels to its current price of ~$18,700 in the past 24 hours
  • Those close to Cronje said that the whole experience has been demoralizing and indicative of the crypto community’s “childishness and irresponsibility”
  • The community has responded with “Love Letters for Andre”, a series of posts that offer Cronje encouragement and appreciation

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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