According to BlockBeats, on October 3, Andre Cronje, Director of the Fantom Foundation and current Chief Technology Officer of Sonic Labs (formerly Fantom), expressed his concerns on social media about a project with a Total Value Locked (TVL) of $1 billion and a Fully Diluted Valuation (FDV) of $1 billion. Cronje noted that the project had evidently used his open-source code, which is licensed under GPL3, and had obtained a Business Source License (BUSL).
Cronje stated that he could accept not being acknowledged, allowing the project to remove his name from the code, and even not mentioning him or the original project on their website or documentation. He also mentioned that he could tolerate the project renaming certain concepts to avoid any association. However, he criticized the project for taking something from open source and making it restrictive, while profiting significantly from it. Cronje remarked that the changes in this field are much larger than he had anticipated.
