A group of aggrieved cryptocurrency investors is crowdfunding a campaign to sue Yearn.Finance founder Andre Cronje over the $15 million hack of the Eminence (EMN) protocol.
In a Medium post published on October 10, the EMN Investigation group detailed its intention to sue Andre Cronje, founder of the popular decentralized finance (DeFi) protocol Year.Finance, in addition to developer “banteg” and Twitter user Blue Kirby.
According to the post, 100 percent of the funds raised over the next 30 days will be used to finance the lawsuit. The group also intends to reward contributors with an airdrop at the end of the campaign.
The post reads,
As 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.
The lawsuit is over the September 29 hack of the EMN protocol, an unfinished “economy for a gaming multiverse” being built by Cronje at the time.
A hacker was able to steal $15 million invested in the project through an exploitation, before unexpectedly transferring $8 million back to Cronje’s yearn deployer account.
The aggrieved group accused Cronje of standing by as the protocol was drained of funds, despite claiming the project was a test and not meant for release for another three weeks.
The post continues,
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.
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