After yesterday’s collapse, the SUSHI token rate doubled again in response to the news that power over the project has passed into the hands of the CEO of the FTX crypto exchange.
The anonymous creator of the SushiSwap Defi protocol handed over control of the project to the head of the FTX cryptocurrency derivatives exchange, Sam Bankman-Fried.
Chef Nomi and his kitchen
“Master Chef Nomi” (Chef Nomi) managed to become an extremely controversial figure in the crypto community in a matter of days. The man behind this alias launched a new project SushiSwap at the end of August. This ambitious fork of the Uniswap protocol immediately became very popular in the profitable farming and liquidity mining segment.
However, on September 5, the crypto community was outraged to learn that Nomi had withdrawn about $ 13 million from the SUSHI liquidity pool, selling about half of the funds from the developer fund. This collapsed the SUSHI token rate by 50% and triggered a wave of exit scam accusations.
At the same time, Nomi himself told angry critics that there was no question of any exit scam – and calmly went to bed, leaving market participants in complete confusion.
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Change of power
Today, September 6, the story continues. Apparently, assessing the growing outrage of the crypto community, Nomi announced that he was transferring all control over the project to Sam Bankman-Fried, the founder and CEO of the FTX crypto exchange.
It is noteworthy that just a couple of hours earlier, Bankman-Fried managed to post on Twitter a number of angry comments about Nomi. Now he thanked Nomi for the rights and keys given to him, and noted that he did so “as was necessary.”
Bankman-Freed also said that he intends to further transfer the management of the Sushi project into the hands of the community and its leaders.
In a farewell tweet, Nomi expressed his hope for the continued success of the project without his participation. He added that he did not intend to harm him in any way and reiterated that he was not a fraud.
However, this did not convince many community members. For example, André Cronier, creator of one of the leading Defi protocols yEarn, was quick to clarify what Nomi meant when he said: “without me.”
“Are you leaving the project? In this case, would you like to return the money to the developers’ fund? .. Wasn’t these funds intended for further development? “
However, even this relatively positive news helped $ SUSHI jump from $ 1.24 to highs around $ 3, according to CoinMarketCap. At the time of writing, the token is trading at $ 2.77, with an intraday gain of 1.27%.