Cryptocurrency, Hot News

Anyone for quick Sushiswap?

The anonymous founder of decentralized exchange Sushiswap, Chef Nomi has transferred the Sushiswap control to FTX’s CEO.

This development comes after the “exit scam” thoughts in the crypto community after Chef Nomi announced on Twitter:

“Here’s what happened. The devshare part of me. I converted them to $ETH. I stop caring about price and I will focus on the technicality of the migration.”

Nomi’s Twitter post about shifting Sushiswap’s control to FTX CEO has caused considerable interests and may considerably impact SUSHI token’s price.

On its first day in the DeFi market, Sushiswap touched $250 million in total value locked (TVL) in cryptocurrencies. The SUSHI token price has climbed from around $0.70 on Aug. 30 to its highest above $12 on Sep.1 and plunged to $1.20 today.

Concerning the project control shifting, Sam Bankman-Fried, the CEO of FXT, responded with a series of tweets. It was not FTX’s drive towards decentralized exchange or merely another case of marketing.

FTX was operating in the capital market these days. Recently, the firm procured Blockfolio for $150 million. However, the amount has not been verified by third-party audit companies. The news was revealed in Blockfolio’s official Medium blog.

Sushiswap’s founder, Chef Nomi, has continued to be anonymous, and the association between Nomi and the CEO of FXT has not been made clear. Time will determine if this event will revive the Sushiswap project or if it was just an occasion to sell SUSHI before the token price’s second dip.

Craving for more Sushi?

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