Bankless co-founder David Hoffman stepped back and apologized for the FUD rumors he spread on decentralized finance (DeFi) protocols, especially Lido Finance (LDO).
David Hoffman’s words during a podcast broadcast on March 3 left their mark on the agenda of the decentralized finance community. In his speech Lido Finance many DeFi projects, including US Securities and Exchange Commission (SEC) by Wells received the notice he had said.
These allegations, made by Hoffman, quickly spread among the community, and LDO’s 10% drop made him live. Hoffman, who was exposed to the reaction of his community after what happened, made an apology on social media. in sharing published.
In its description, within a week Stating that almost the entire DeFi industry is within the target of the SEC, Hoffman stated that this definition is wrong. apologized. Probably something that happened last week. “Wells notification bombardment” Hoffman underlined that there is no worrying He suggested there were moves.
While Hoffman stated that there was a communication problem between him and the source who presented the information to him, he emphasized that the explanation was conveyed incorrectly due to a concentration error:
I told you that a lot of Wells announcements have been distributed in the last week. The “week” part is wrong. This time frame is incorrectly concentrated. While there has been at least one confirmed Wells statement that came out recently and is not publicly known, there hasn’t been a mass movement lately. The source in question implied a time frame of months or longer.
Lido Finance there is no special case
Lido Finance Clarifying his statements about him, Hoffman concluded that he had contacted the team and that the rumors circulating as a result of mutual information transfer were not true. Misunderstanding Hoffman, who apologized for the Lido Finance He detailed that there was no particular situation:
I’m particularly sorry to call it Lido Finance, because all this is purely “rumor” and Lido Finance does not deserve special mention here.