💬 Co-founder of Sonic (Fantom) and other DeFi projects, André Cronje, spills the tea on his 2022 media blackout. Turns out, it was all because of the SEC:

💬 Co-founder of Sonic (Fantom) and other DeFi projects, André Cronje, spills the tea on his 2022 media blackout. Turns out, it was all because of the SEC:

Back in 2021, I got my first letter from the SEC. At first, they were curious about $YFI (Yearn Finance)—like, did I raise funds? Who were my investors? Who’$s cashing in? 🙄

With each letter, their tone got more intense, and I realized I needed a lawyer ASAP. It drained my time, energy, and resources—had to prove I wasn’t pocketing anything; DeFi tools are all about helping end-users who engage with the protocol.

This dragged on for two years before they presented me with two choices: keep building while dodging these attacks or step back. I chose the latter.

Cronje mentioned he kept working and researching behind the scenes for the next few years.

Now that the SEC has shifted gears, I'm finally ready to spill! 💥 #DeFi #SonicBack in 2021, I got my first letter from the SEC. At first, they were curious about $YFI (Yearn Finance)—like, did I raise funds? Who were my investors? Who’$s cashing in? 🙄

With each letter, their tone got more intense, and I realized I needed a lawyer ASAP. It drained my time, energy, and resources—had to prove I wasn’t pocketing anything; DeFi tools are all about helping end-users who engage with the protocol.

This dragged on for two years before they presented me with two choices: keep building while dodging these attacks or step back. I chose the latter.

Cronje mentioned he kept working and researching behind the scenes for the next few years.

Now that the SEC has shifted gears, I'm finally ready to spill! 💥 #DeFi #Sonic