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Cryptopolitan
2022-03-07 12:58:19

Fantom price, TVL collapse 21% as devs plan to retreat

Fantom price, TVL collapse 21% as devs plan to retreat

TL;DR Breakdown: Fantom TVL collapsed over 21% on Sunday.  FTM price crashed over 18%, resulting in over $4 million in liquidated positions.  The incident follows news about Andre Cronje’s plan to terminate 25 DApps as he retreats from DeFi. Popular DeFi developer Andre Cronje and his team have decided to retreat from the crypto space. […]

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