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The founder and ex-administrator of the DeFi platform SushiSwap under the nickname “Chef Nomi” returned 38,000 ETH (about $ 14 million at the time of the transaction) to the project developers fund.
I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish.https://t.co/QwFj5SeeuQ
– Chef Nomi #SushiSwap (@NomiChef) September 11, 2020
Less than a week ago, he transferred to Ethereum (ETH) about half of the fund’s $ 27 million in SUSHI tokens. collapsed coin rate by 50%.
Formerly Cinneamhain Ventures partner Adam Cochrane discoveredthat the wallet is controlled by the project management, and did not rule out the possibility of such a dump. The administrator then stated that the funds of the fund are his share and he can dispose of them at his discretion.
After community backlash on the Nomi Token Sale conveyed SushiSwap management by FTX CEO Sam Bankman-Fried.
“I hope SushiSwap is doing well without me. Again, I had no intention of causing harm. I apologize if my decision does not meet your expectations, ”Nomi wrote at the time.
In the discussion of his decision, many users suggested returning funds to the fund. Bankman-Fried suggested that the ex-administrator could do this in part.
Today, September 11, Chef Nomi, having returned the withdrawn funds, invited the community to decide what share he deserves as a founder of the project. Nomi also agreed to any schedule for blocking assets.
He again apologized for his decision to withdraw funds from the developer fund and said that he would continue to help the development of the project, but would not have any control over it and participate in management.
“I would like to apologize to everyone I have caused trouble. I was emotional, greedy and scared. I made bad, conflicting decisions under pressure. And they hurt everyone. I didn’t live up to your expectations and I’m sorry, ”he wrote in one of the tweets.
The SUSHI token has responded with a rise, with the coin’s price jumping nearly 27% to $ 2.9 at the time of writing after the refund was reported.
Source: CoinGecko.
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Recall, on the eve of the new leadership of SushiSwap launched the process of migrating liquidity pools from Uniswap, bringing down the volume of funds blocked in this DeFi protocol by 76% per day.
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