Who is to blame for Eminence, Andre Cronje or Investors?

Who is to blame for Eminence, Andre Cronje or Investors?

Last night, investors faced yet another DeFi rug pull after a hacker attacked Andre Cronje’s secret Eminence Finance project. The crypto community discovered the project after seeing that Cronje’s developer wallet interacted with a new Ethereum contract address.

As he teased an upcoming protocol on his Twitter before that, investors rushed to buy EMN tokens. In the end, a hacker stole $15 million of assets invested by users.

This morning, the Yearn.Finance creator was definitely surprised when he woke up. In a series of tweets, he explained exactly what Eminence is and why he created the contract for the tokens. Despite this, the participating investors still attacked Cronje. Ironically, a part of the community criticized Cronje for not being safe and failing to make the ordeal private. According to the developer, some even sent death threats to cope with their losses. One Twitter user even claimed to have lost $100,000 after joining the hype. The event became far more bizarre as the anonymous hacker decided to send $8 million back to the contract address while keeping $7 million to himself.

In the end, is Cronje really the one to blame in this situation? The cryptocurrency sector is known for its greed, especially now that investors are doubling, even tripling their assets overnight. Users who have smaller portfolios or love risks go as far as to participate in these risky projects every day.