[Sonic Labs: Andre Cronje Does Not Unilaterally Control the Development Fund, No Misappropriation of Funds Found] Foresight News reports that Sonic Labs has issued a statement saying that in 2018, a South Korean team initiated an ICO for Fantom. Due to poor management, they failed to deliver a fully functional product, and a large amount of funds was consumed. In June 2018, Andre Cronje joined and rebooted Fantom. At the time of his involvement, the treasury held less than $5 million in non-FTM assets. Through early involvement in the DeFi sector, strict financial management, and strategic planning, these assets grew to nine figures between 2020 and 2021. Andre Cronje did not design the original Fantom tokenomics, which was created by the initial South Korean team in 2018 and later modified through on-chain governance. Additionally, he does not unilaterally manage or control the Sonic development fund and has never abandoned Fantom/Sonic. The related accusations are purely fabricated.