DefiLlama faces a scandal over the launch of a native tokenThere is a split at DefiLlama, as the project team argues about launching
Blockchain data analytics platform DefiLlama is facing problems within the project after employees rejected a plan to launch a native token.
The platform hinted at plans to launch a token giveaway after its trading volume reached $5 billion a few days earlier.
Some DefiLlama employees disagreed with the plan to launch the platform's native token, calling it "fraudulent." This led to a split within the organization. According to a project employee under the pseudonym 0xngmi, the founders of the platform want to launch the token without proper support. In addition, he said that the unnamed person promoting the token controlled the website and Twitter account.
"Someone planned to launch the LLAMA token without the approval of a single person on the DeFiLlama team," said user nicknamed Tendeeno, a project member of parent company DefiLlama Llama Corp.
However, Llama Corp denied there were problems within the team and described 0xngmi's actions as independent. According to The Block, the parent company is now going to "resolve the situation privately." In addition, there was confusion on Discord DefiLlama as a result of publishing a link to 0xngmi's statement, and community members suspected hacking of the platform.
"0xngmi and several team members have become rogue and are actively seeking to take over the DefiLlama IP and community, falsely claiming that the legitimate owner of the project is conducting a hostile takeover," a recent post on the DefiLlama Round Up Telegram account reads.
