Sushiswap Head Chef refuses to admit any scam accusations

On Oct 12, 2022

Reportedly the latest Sushi Head Chef was involved in many kinds of scam activities.

On 11 October, Yannick, a crypto enthusiast, took to Twitter to share the past illegal activities done by Jared Grey, a new Sushiswap Head Chef appointed by Sushiswap Community following a vote proposal.

Yannick claimed that Jared scammed some people in 2021 via his company MultiPlex PC and also in 2019 he stole 70% of the TOTAL SUPPLY of the users of ALQO.

In 2019 the year i met him the first time he became the CEO of ALQO (why he removed all tracks from his socialmedia to ALQO?).
Shortly later he introduced the Web Wallet for ALQO that was used to steal 70% of the TOTAL SUPPLY of the users of ALQO.https://t.co/1cr3pPJIZW
— yannickcrypto.eth (@YannickCrypto) October 10, 2022

On the same day, Sushiswap Head Chef Jared responded against the allegations and said that all the allegations are false.

On the matter of the fund-stealing scam accusation, Jared said that he caught the real culprit who was one of the business partners and also refunded all the affected users.

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The investors & I found out, fired him, and refunded the affected users. Here's our Medium post from 2019 about it:https://t.co/D8Ce6YNDC8

Today's post includes some other accusations, which are false as well. /2
— Jared Grey (@jaredgrey) October 11, 2022

Another Twitter user criticized Jared for his bad leadership quality in the ALQO token project because the team didn’t manage backend funds against the unbacked tokens.

It's pretty easy to structure. Reserve an amount equal to the unclaimed tokens in escrow and pay people out that can demonstrate they were previously holders. You opted to not do that. That was a leadership decision you took. It was wrong imo so here we are.
— matthewfarrar.lyx 🆙 (@bignosewhoknos) October 11, 2022

At the time of writing this article, the price of Sushi token is $1.25 and the price of this token is up by 12.45% over the last 7 days’ trade price.
Due to the bad news about the new head chef, Sushi token price plunged badly for a moment but suddenly recovered to its base price.

Sushiswap Head Chef refuses to admit any scam accusations 1

It will be interesting to see whether Sushiswap Community will force Jared to leave the project leadership or they will ask for more clarity on these allegations.