{"id":86873,"date":"2020-10-11T19:55:00","date_gmt":"2020-10-11T16:55:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/group-raising-funds-to-sue-andre-cronje-over-emn-hack\/"},"modified":"2020-10-11T19:55:00","modified_gmt":"2020-10-11T16:55:00","slug":"group-raising-funds-to-sue-andre-cronje-over-emn-hack","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/group-raising-funds-to-sue-andre-cronje-over-emn-hack\/","title":{"rendered":"# Group raising funds to sue Andre Cronje over EMN hack"},"content":{"rendered":"

“# Group raising funds to sue Andre Cronje over EMN hack <\/strong>”
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A group of investors is crowdfunding a lawsuit against Yearn.finance (YFI) founder Andre Cronje over the unreleased and unfinished Eminence (EMN) protocol and its hack.<\/p>\n

In a post<\/a>, the group EMN Investigation said it is raising money to sue Cronje, Yearn developer \u2018banteg,\u2019 and Twitter<\/a> user and Yearn supporter Blue Kirby. The group said 100% of the donations would be used to finance the lawsuit. Crowdfunding will end on November 9. The group added:\u00a0<\/p>\n

\u201cAs a way to thank you for your donation, we will take a snapshot at the end of the crowdfunding campaign, and airdrop 50% of the supply of a fork of YFI to donators. The other 50% of the supply will be airdropped to the victims of the EMN scandal. We will create a new DeFi ecosystem, but without the bad actors.\u201d<\/p>\n<\/blockquote>\n

On September 29, the EMN protocol was hacked. The hacker stole $15 million, but then transferred $8 million back to Cronje. Cronje has said that he did not intend to release EMN for another three weeks at the time of the hack.\u00a0<\/p>\n

EMN Investigation claimed if the project was a test with no value yet, Cronje, Blue Kirby, and banteg should not have promoted the project as much. The group said:\u00a0<\/p>\n

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\u201cIf EMN was a test, it had zero value as a token. Yet Andre watched as $15 million poured in without a word. But kept hyping the project by retweeting. Why didn\u2019t he at least warn the Yearn Finance team that they were buying and selling a worthless test token? If developers from any other team started hyping and selling a test token, they would be accused of fraud and the entire team would lose legitimacy. At best, this was a viral launch gone bad, at worst, it was a rugpull.\u201d<\/p>\n<\/blockquote>\n

Cronje dropped out of social media following the EMN hack citing death threats, which banteg confirmed to Cointelegraph. He tweeted<\/a> on Oct. 9 that he has not stopped developing technology<\/a> but has stepped back from Twitter. Blue Kirby<\/a> has since deleted his Twitter.\u00a0<\/p>\n

Despite the EMN issue, YFI surged 58% in the last few days, with its total locked value hovering above $900 million.<\/p>\n<\/div>\n