Internal war breaks out at DefiLlama as ‘rogue’ employees reject token plan

Internal war breaks out at DefiLlama as ‘rogue’ employees reject token plan

0xngmi, a pseudonymous employee of DefiLlama, is attempting to fork the blockchain data platform after accusing the company’s founders of launching a token without support. 

“There is an ongoing attempt to launch a token that does not represent us,” 0xngmi said on Twitter while verifying on-chain that their account had not been hacked. “We don’t want to be associated with it.” 

In a Twitter thread yesterday, the data firm hinted at a token airdrop.

The company, Llama Corp., has rebutted that a hostile takeover is underway suggesting that 0xngmi’s actions are independent.

“Llama Corp. will continue operating DefiLlama as it has done for the past three years,” said the company in a statement. “The actions of 0xngmi are regrettable. We are hoping to resolve things privately and amicably.”

0xngmi’s forked platform is currently hosted as DefiLlama was co-founded by Charlie Watkins and Ben Hauser.

“0xngmi and a few team members have gone rogue, they are actively looking to seize DefiLlama IP and community while inaccurately claiming the rightful owner to be doing a hostile takeover,” according to a post on the DefiLlama Round Up Telegram account. 

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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