Andre Cronje denied rumors that he was going back to DeFi.
He blasted out accounts on Twitter that claimed to speak in his name and said they were "all scams." In DeFi, Cronje is regarded as one of the best builders.
One of the most influential developers in decentralized finance (DeFi), Andre Cronje, has denied rumors that he intended to return to the sector.
When asked if he was the person tweeting about his claimed comeback on Twitter using his name, Cronje, author of the DeFi protocols Yearn Finance and Keep3r Network, answered categorically, "I left crypto."
The 37-year-old South African programmer, whose abrupt departure from DeFi in early March after developing numerous well-known protocols shattered many people's hearts, responded, "It's all frauds.
False Twitter account for Andre Cronje
Two weeks ago, there were rumors that Cronje was working on the native stablecoin of the Fantom ecosystem, fUSD, which had lost parity with the U.S. dollar, on the software development platform Github.
As a result of the rumor, the price of the Fantom (FTM) briefly rose, rising 20% to $0.42 at a time when the rest of the crypto market had a sharp sell-off, in part due to the decline of LUNA. FTM was up 0.1% in the previous day's trade at $0.37 at the time of publication.
On Twitter, @OnAndreCronje has gained a lot of notoriety for impersonating Andre. The DeFi architect was allegedly back in crypto, but "creating in private."
The narrative detailed the purported causes of Cronje's unexpected departure and how "my haters won" but "I've been able to recharge my batteries and have that old sensation of wanting to build things back."
Andre Cronje, who is regarded by some as the "godfather" of decentralized finance, is best known for founding Yearn Finance, whose YFI token increased in value from $0 to more than $40,000 in a matter of months.
