Andre Cronje Reveals the Truth Behind His Resignation from YFI and the SEC’s Investigation

On January 28th, **Andre Cronje**, a prominent figure in the cryptocurrency domain, disclosed critical insights regarding his **2022 resignation** from a notable crypto initiative through an open letter on his personal blog. Cronje elucidated that he launched multiple **crypto projects**, commencing in 2020, including **Yearn** and **Keep3r**. Notably, these ventures **operated without funds raised**, **token sales**, or any actions that could infringe upon international **securities regulations**. In 2021, he faced scrutiny when the **SEC** issued an initial inquiry concerning **YFI**, followed by a barrage of additional letters that escalated the investigation. Each subsequent correspondence shifted towards various **attack vectors**, probing aspects such as **salary increments** and purported **SEC violations**. This relentless scrutiny significantly drained Cronje’s time and resources, ultimately influencing his decision to step away from the crypto sphere in 2022.