In the past 24 hours, some $3.5 billion in value locked has been shaved off from Fantom ecosystem DeFi protocols, and prices of the tokens of several projects have plunged. By shauryamalwa
Meanwhile, some investors said Cronje’s exit would not mean the end of the projects he worked on because the underlying smart contracts continue to exist.
“While Cronje’s departure from crypto and DeFi is undoubtedly a great loss, the developer has helped build the projects in a way that will allow them to function without him,” Dmitry Mishunin, founder of a DeFi analytics company HashEx, wrote in a Telegram message to CoinDesk. “Since they are deployed as immutable smart contracts, there is no way to shut them down, so as long as there is a community to run them, the projects will survive,” he said.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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