Sushiswap Creator returned $14 million in ETH to the project

The founder of the decentralized exchange SushiSwap, known under the pseudonym Chef Nomi, announced the return of ETH in the amount of $14 million to the project Fund.

About a week ago, it became known that Chef Nomi exchanged SUSHI tokens for ethers and transferred them to its own wallet. This caused a storm of indignation in the cryptocurrency community, and Chef Nomi was accused of fraud. Therefore, all administrative keys were transferred to FTX CEO Sam Bankman-Fried (Sam Bankman-Fried).

Later, SushiSwap brought liquidity from the” parent ” exchange Uniswap to its own platform. As a result, the Uniswap liquidity ratio decreased by 75%.

“I returned $14 million in ether back to the vault. Let the community decide how worthy I am to be the Creator of SushiSwap. In ETH, SUSHI, or any other currency. With any period of blocking, at your discretion, ” Chef Nomi tweeted.

In addition, in
in a series of tweets, he apologized to the entire DeFi community and said that he would continue to participate in discussions and technical implementation of the project, but “not in the first role”. Chef Nomi stressed that he does not claim to manage SushiSwap. The founder of the project expressed hope that the exchange will continue to develop, and his incorrect actions will not interfere with the work of an automated market maker, fully managed by the community. According to Chef Nomi, the success of SushiSwap will set a precedent for other projects under user control.

The volume of assets on the SushiSwap exchange exceeded $700 million in just three days after its launch. In early September, Quantstamp specialists conducted an audit of the sushiswap smart contract and found 10 non-critical vulnerabilities in the Protocol.