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Learning & News => News related to Crypto => Topic started by: MRM on September 06, 2020, 03:46:12 PM

Title: $SUSHI Price Doubles After Creator Shifts Control To FTX CEO
Post by: MRM on September 06, 2020, 03:46:12 PM

The creator of SushiSwap handed over control to the CEO of crypto derivatives exchange FTX.
Chef Nomi, the pseudonymous creator of the Uniswap-like DeFi protocol, today transferred his control to the CEO of crypto exchange FTX, Sam Bankman-Fried.

Nomi had angered the SushiSwap community by withdrawing $13 million from $SUSHI's liquidity pool on decentralized exchange Uniswap. The community, as well as the General Manager of SushiSwap, 0xMaki, turned on him and alleged that he had pulled an exit-scam—something Nomi denied. Then Nomi went to sleep.
Source: https://decrypt.co/41002/sushi-price-doubles-after-creator-shifts-control-to-ftx-ceo

Title: Re: $SUSHI Price Doubles After Creator Shifts Control To FTX CEO
Post by: highnayem34 on September 08, 2020, 01:46:27 PM

Finally awake and forced to confront the mounting outrage, Nomi gave the admin keys to Bankman-Fried, who two hours prior had tweeted: "Nomi sucks and hurt the community," and "If Nomi doesn't step down, it's over for Sushi."