Earlier this year, André Cronje introduced decentralized finance.[डीएफआई]He turned his back on the cryptocurrency community after announcing his intention to quit, but now he can return to argue for tighter regulation.
Andre Cronje, on the other hand, has not returned and may not be calling for greater regulation, as his latest author Post There has been strong opposition.
Crypto Regulation and the Return of Andre Cronje
A long Medium article published by André Cronje on Tuesday is causing far more questions than answers. Cronje seems to be assessing where and how the market cracked the crypto market. He then appears to argue for tougher regulation.
Cronje, best known as the founder of Ear Finance, has been on the verge of death since announcing he was leaving DeFi in March.
Therefore, the middle term, considered from his personal account, appears to provide the moment of Lazarus. It also appears that Cronje was now following in the footsteps of Sam Bankman-Fried and calling for more regulation.
In a 5,000+ word essay titled “The Crypto Winter of 2022”, the author highlights troubled crypto projects including Terra (LUNA), Celsius, Voyager and Three Arrows Capital.
While readers might expect a post from Andre Cronje’s account to be written by Cronje himself, the article instead ends with the words “by Megan Diamond”, suggesting that the entire piece is a long-running fodder and There was a switch. Below the name of DeFi Architect is a link to the website of Dunsters, a law firm based out of Cape Town, South Africa.
How could Megan Diamond actually make a post out of Andre Cronje’s Medium?
The answer may lie in the fact that one of the Dunsters’ directors is Henriette Cronje, who is believed to be Sister Andre Cronje.
Cronje and the law firm clearly have a relationship, but the connection creates more questions than just answers. At this stage, it is unclear whether Andre Cronje is working with the firm, or whether the opinions expressed in the article also reflect his personal views.
BeInCrypto Megan has reached out to Diamond to ask if she can provide more clarity on the matter.
Can you feel the burning?
Choice Quote “Crypto Winter of 2022.”
I slow burn:
“Tera USD (UST) is a supposed stablecoin from TerraForm Labs.”
“…The crash of Terra was directly responsible for the crash of many crypto-hedge funds and networks. These funds and networks were exposed to a ‘stablecoin’ (an algorithmic one at that)…”
I severe burns:
“The reasons why Celsius could not satisfy investor withdrawals are still coming to light, but they are a combination of over-leveraged debt (and poor reserves), poor decision-making by key actors, and potentially spoilage by major players.” crypto-asset holders and Celsius officials.
I Crispy Charcoal Burn:
“CEO Alex Mashinsky’s tweets leading up to the Celsius crash were all intentionally misleading. This, at the very least, may amount to a breach of one of his fiduciary duties to Celsius.
Mashinsky also has accounts that outright told the public that Celsius had minimal exposure to the UST – which it did not because it was one of the largest wallets affecting the de-pegging of the UST.
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