SushiSwap Founder Chef Nomi Returned 38000 ETH to the Project Treasury Fund
Chef Nomi, the nickname founder of the decentralized exchange protocol Sushiswap, said on Friday that they had returned 38,000 ETH – worth $14 million at the time of the press – to the project treasury fund.
After Nomi converted some of the sushi tokens assigned to the project development team to ETH, this anger erupted and led to a market downturn in the process and allegations of an exit scandal. That move eventually began a process of transferring control of SushiSwap to the FTX’s chief executive. Earlier this week, more than $800 million was transferred from Uniswap Liquidity Pools to Sushiswap as part of the immigration process.
In a subsequent post, Nomi wrote in the post:
“I want to apologize to everyone who caused trouble. I was emotional. I was greedy. I was scared. I made bad controversial decisions under pressure. And it hurt everyone. I failed your expectation and apologized,”
Nomi wrote the returned ETH transaction: ” I returned the amount of $14M worth of ETH to the treasury. “
Further, she/he said, “I let the community decide how much I earn as the original creator of SushiSwap”. Nomi posted the transaction on its blog and referred the $14 million to the Treasury Department. In addition to the ETH returned, Nomo also announced a transaction valued at $1 million.
“I will be involved in the discussion and technical implementation of sushiswap in this context. But I have no control. It takes no spotlight. It is not part of the regime,”
Nomi continued. “I believe SushiSwap continues to thrive. Please don’t block my mistake as a 100% community-run AMM. SushiSwap’s success stands as an example of many community-driven projects.”
Photo by Riccardo Bergamini on Unsplash
