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Showing posts with the label billion-dollar project

Andre Cronje says someone stole his code to build a $1B DeFi project

Andre Cronje, a senior developer responsible for some of the biggest DeFi-focused projects at Fantom, Bribe.crv, Yearn, and Keeper, claims that someone stole his computer code for a billion-dollar project. According to Cronje, someone used his work to create an unauthorized copycat that somehow amassed seven figures of total value locked (TVL) and fully diluted value (FDV). He also claims the thief neglected to pay him a licensing fee and even went as far as “slapping on a restrictive license.” Just saw a project with $1bn TVL and $1bn FDV that took my open source code (under GPL3) and slapped on a BUSL license. I can take not being credited, I can take them removing my name from the code, I can take them not mentioning me or the original project anywhere on their… — Andre Cronje (@AndreCronjeTech) October 3, 2024 Read more: Fantom stablecoin watcher alleges ‘liquidation’ scheme Cronje seemingly names the culprit One X (formerly Twitter) user going by the name of ‘Br...