SUSHI lead developer returned the $14 million worth of ETH coins to the protocol’s treasury as we are reading more in the latest altcoin news today.
Chef Nomi, the former SUSHI lead developer returned the $14 million worth of coins in an unexpected turn of events. This comes a week after the anonymous Chef Nomi depleted the development fund and sold the coins for ETH, basing his merits on the fact that he deserves the money because of all the hard work he has done.
The anonymous developer of the Uniswap fork, Sushiswap, drained out the entire development fund and sold his SUSHI tokens worth millions of ETH. The community condemned his actions and called it an “exit scam” but he was quick to say that he transferred the control to the FTX CEO who migrated the protocol to a community-owned multi-sig wallet and that he will focus on the code of the project.
In any case, many believed that he will now be living the good life after the withdrew the coins. Today, however, he came back and let everyone know that he returned the $14 million worth of coins to SUSHI treasury. He said that the community has to decide how much he will get rewarded for being the creator of SushiSwap and continued:
“I would like to apologize to everyone who I have caused troubles to. I was emotional, I was greedy, I was afraid. I mad bad controversial decisions under pressure. And it hurt everyone. I failed your expectation and I am sorry.”
Ever since Chef Nomi transferred the control over to the FTX CEO Sam Bankman Fried, the protocol carried out the planned liquidity migration away from the original platform. Commenting on the matter he said:
“SUSHI migration went successfully and the journey of SushiSwap began. I was fortunate to have a chance to help in the background and it was a very enjoyable moment in my life. Congrats for the successful migration.”
Earlier this week, SushiSwap had more liquidity locked in than Uniswap but in any case, it’s interesting to see how the project will develop from now on an whether or not this will be considered a further approval and confidence.
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