Recently, media outlet Rekt.news made startling allegations about the Layer 1 blockchain Fantom Opera after Andre Cronje, a technical advisor to the foundation, and Anton Nell, a senior solutions architect, announced they would be leaving the cryptocurrency space altogether. Nell tweeted, "We will be terminating about 25 apps and services on April 3, 2022." Almost immediately, the community raised concerns. In the now-deleted Rekt article, it claimed the following.
“Fantom, Solidly, SpookySwap, Abracadabra, Geist: multiple projects all interwoven into a system designed to extract maximum value for a small group of insiders who are steadily removing the stage.”
However, on Friday, the Fantom Foundation issued a statement regarding what it called "factual inaccuracies," "debunked claims" and "misinformation" in the Rekt article. Specifically, the Fantom Foundation said.
“Andre and Anton are not ‘terminating’ 25 projects. Instead, any involvement in these projects (such as the user interface) will be handed over to existing teams, many of which have been developing and running independently.”
In addition, the foundation explained that neither Cronje nor Nell were core Fantom developers, and that the entity itself was not involved in the creation of any of the 25 projects in question (including the most high-profile, Yearn.finance). It appears that in part due to the departure of the two, the total value of Fantom's lockup has dropped to $8.27 billion from $11.26 billion on Sunday, the date of the announcement. Since its inception, the blockchain has processed more than 200 million transactions and has more than 2 million active wallets.