MarginFi, a $SOL-based liquidity and lending protocol, has been embroiled in controversy following a series of events that led to the resignation of its founder, @edgarpavlovsky. The issues began with @solblaze_org, another entity in the crypto space, halting emissions for MarginFi and alleging that the MarginFi team had misappropriated emissions for weeks. In response, Pavlovsky made a statement about pushing off any kind of token issuance and later announced his resignation from the project, citing disagreements with how things were done internally and externally. MarginFi confirmed Pavlovsky's departure and assured the community of a smooth transition, emphasizing the active engagement of core contributors, the company, and investors.
sounds like maybe someone invested in marginfi https://t.co/1MwZziH52X
I was concerned the community would be more pessimistic because of some recent shenanigans that got cleared up but glad to see the @marginfi community’s brain damage has remained unchanged. I’ve been optimistic MarginFi since I met @mrgnalt and that’s only grown since. https://t.co/3OZJLneie4
It is with immense joy that I announce that I will be stepping into my new role as CEO of marginfi It is also with great sadness that I announce that I have already resigned from my role as CEO of marginfi due to disagreements with how things are done internally and externally