↘ Fantom Unveils Diverse Technological Advancements; Rebrands to Sonic Amid Controversies

Multiple recent advancements in technology have showcased the exceptional performance of Fantom. In the music industry, a synth series, the Roland Fantom EX, has been introduced. Noted for its superior synthesizer capabilities, it's lauded as the most advanced creative synthesizer ever. Simultaneously, Fantom Drives unveiled a rugged and fast SSD known as G-Force 3.1. In the world of boating, Frauscher x Porsche 850 Fantom broke speed records while Porsche's $600k Electric Boat was hailed as a Macan Turbo for the water. In the crypto world, Fantom has rebranded to Sonic, and they have launched a testnet for their new high-speed blockchain. The Sonic TVL had an impressive rise of 66% to $253M indicating positive acceptance of the rebranding. Rumors suggest Fantom has retrieved 11,074,000 CRV from Curve and transferred to CEX.

Controversies are never far behind with Fantom recently seeking funds after a $200M exploit by Multichain. Details of the exploit are not explicit, but it suggests an ongoing struggle with security issues. There's also ongoing litigation with a Singapore court ruling about an alleged $125m Multichian hack as an inside job. Amid these conflicting issues, Andre Cronje shared that he never left the Fantom Foundation, sparking speculation about his connection to these controversies.

Regardless, the Foundation's strategic shift to Sonic seems to be a move toward seeking dominance in the DeFi space. Fantom's prospective future has investors and developers buzzing, and crypto bridges such as Multichain are now owing Fantom $2m in reparations. Many also perceive Fantom's crypto as a good investment, with the Fantom ecosystem evolving rapidly to match its competitors.

Fantom News Analytics from Thu, 26 Nov 2015 22:49:05 GMT to Wed, 14 Jan 2026 07:33:02 GMT - Rating -3 - Innovation 7 - Information 9 - Rumor -2