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Home»DeFi»Andre Cronje says someone stole his code to build a billion-dollar DeFi project
DeFi

Andre Cronje says someone stole his code to build a billion-dollar DeFi project

October 5, 2024No Comments
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Andre Cronje, lead developer responsible for some of the biggest DeFi-focused projects at Fantom, Bribe.crv, Yearn and Keeper, claims 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 Locked Value (TVL) and Fully Diluted Value (FDV). He also claims the thief neglected to pay him the license fees and even went so far as to “impose a restrictive license” on him.

I just saw a project with $1 billion TVL and $1 billion FDV that took my open source code (under GPL3) and put a BUSL license on it. I can agree to not be credited, I can get them to remove my name from the code, I can get them to not mention me or the original project anywhere on their…

– André Cronje (@AndreCronjeTech) October 3, 2024

Read more: Fantom Stablecoin Watcher Alleges “Liquidation” Plan

Cronje seems to name the culprit

A user on X (formerly Twitter), named “Brad”, speculated that the alleged culprit was Aerodrome Finance, built on Coinbase’s Base blockchain.

If this assumption is correct, the TVL almost perfectly matches Cronje’s billion dollars. “If it’s true, it’s a very bad image for the project and the team,” Brad said.

Year to date, Aerodrome has increased its TVL by $120 million to $1.08 billion.

Cronje responded directly to Brad’s guess and seemingly confirmed it. A promoter of the Aerodrome later claimed to be in conversation with Cronje: “We are talking. Everything is fine.

“Your team has me so tilted,” Cronje lamented. “You’re going to great lengths to lie and say it’s a rewrite.”

The airfield hosted a live social audio space on Thursday morning. Protos listened to much of the event but I haven’t heard any mention of Cronje’s allegations.

Read more: Former Coinbase employee accused of ‘stealing’ code for PearAI

Protos contacted Cronje for comment but did not receive an immediate response prior to publication.

Do you have any advice? Send us an email or ProtonMail. For more informed news, follow us on X, Instagram, Blue skyAnd Google Newsor subscribe to our YouTube channel.





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