{"id":270143,"date":"2022-10-25T14:30:36","date_gmt":"2022-10-25T13:30:36","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=270143"},"modified":"2022-10-25T14:19:24","modified_gmt":"2022-10-25T13:19:24","slug":"defi-trailblazer-andre-cronje-returns-with-weird-psyops-medium-post","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/defi-trailblazer-andre-cronje-returns-with-weird-psyops-medium-post\/","title":{"rendered":"DeFi trailblazer Andre Cronje returns with ‘weird psyops’ Medium post"},"content":{"rendered":"

A lengthy Medium post<\/a> titled “The Crypto Winter of 2022” from DeFi trailblazer Andre Cronje has stirred controversy among the community.<\/p>\n

The piece goes into detail on the market drawdown, particularly the triggering events that accelerated capital outflow from the space – namely, the Terra collapse and the wave of CeFi bankruptcies that followed.<\/p>\n

Cronje wrote about the need for regulatory reform to address the problem of “asymmetrical information.” He also touched on potential solutions borrowed from TradFi, such as the involvement of central banks in supervising and insuring the crypto industry.<\/p>\n

“The lack of transparency in these exchanges and investment funds \u2014 where consumers don\u2019t actually know what is being done with their funds, or understand what they are told \u2014 is clearly a problem of asymmetrical information.”<\/p><\/blockquote>\n

Twitter profile @MJP.sol<\/a>, a co-founder of cryptocurrency trading platform Archax, commented that it was ironic Cronje's platforms operated on information asymmetry. Yet, he is now calling for the practice to end.<\/p>\n

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Sped read the article. Man who extracted 1bn from ecosystem through information assymetry, now talks about regulation and insurance to stop the asymmetry.<\/p>\n

— MJP.sol (@mjpldn) October 25, 2022<\/a><\/p><\/blockquote>\n