A number of investors in the DeFi project SushiSwap plan to file a class-action lawsuit against its anonymous creator, ‘Chef Nomi’. This was reported by the CEO of FTX, Sam Bankman-Fried, in an interview with Forbes.
“Regarding ‘Chef Nomi’, several token holders have threatened him with legal consequences under a class action. Since the founder of the protocol remains anonymous, it is unclear what outcomes may be and whether the FBI and the IRS will be involved,” Bankman-Fried said.
The source of community discontent was the recent sale of half the funds from the SushiSwap developers’ fund. The lead developer moved the tokens into Ether, which triggered a sharp decline in the token’s market value—from $11 to $2.35.
Later, transferred control of the protocol to the CEO of FTX. This sparked a rebound to $3. Many project participants demand that the SushiSwap founder buy back the tokens and hand them over to the developers’ fund.
FTX CEO Sam Bankman-Fried said that the transfer of governance rights for SushiSwap from ‘Chef Nomi’ came as a complete surprise to him.
He said he has not yet selected the holders of the multisignature to govern the protocol. The selection is taking place on Twitter, after which the candidates will be put to a vote among SUSHI holders.
According to Bankman-Fried, he intends to implement several new ideas in SushiSwap.
“I have a lot of ideas that can be implemented in SushiSwap after the migration is completed. You can add margin trading and lending capabilities to the platform, and also create a separate version based on Serum. The community will make decisions,” added the head of FTX.
In the wake of these events, the crypto community criticised Binance for listing SUSHI. In response, CEO Changpeng Zhao said that the exchange always strives to support innovation, and investments in any coin always carry risks.
Earlier, the native tokens of SushiSwap’s meme clones collapsed to zero.
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