Chef Nomi returned all funds to the SushiSwap community


In a surprising turn of events, the former SushiSwap chef, anonymously known as Chef Nomi on Twitter, apologized for his mistakes and returned $ 14 million to the project’s development fund.Nomi said in a September 11 tweet thread:

To everybody. I’m screwed. And I’m sorry.

On September 6, news broke that Nomi had given FTX CEO Sam Bankman-Fried control of the SushiSwap project – but not before he took around $ 13 million with them. The funds, which Nomi alone controlled, came from a $ 27 million development fund intended to support the fledgling project.

In response to Nomi’s actions, Bankman-Fried told Cointelegraph:

“I am extremely happy that Nomi returned ETH; it was the right thing to do. We must not forget what he did, but we also must not forget that in the end he did the right thing. “

Nomi returned the funds, apologizing to the community at large, as well as to several people. “I’m sorry I got you in trouble,” they told crypto exchange Binance and band protocol CTO Sorawit Suriyakarn via a tweet. “Sorry for being arrogant,” Nomi added. “You are great builders. ”

“Thank you for your help in bringing SushiSwap back when I almost destroyed it,” Nomi told Bankman-Fried, also apologizing to several others, including Adam Cochran – a Cinneamhain Ventures partner who has publicly voiced multiple concerns about the Sushi project.

Nomi also said:

“I returned all of the $ 14 million in ETH to the treasury. And I’ll let the community decide what I deserve as the original SushiSwap creator. In any currency (ETH / SUSHI / etc.). wish. “

The former Sushi executive also said he wanted to continue to help develop the project’s technology from behind the scenes. It remains to be seen whether the community will accept this offer.

UPDATE September 11, 4:16 PM UTC: This article has been updated.


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