Sunday, April 11, 2021

SushiSwap Founder Chef Nomi Returns $14 Million in ETH, Sends Message of Apology

The founder of SuchiSwap, Chef Nomi, has surprisingly returned over $14 million worth of ETH that was initially drained from the SushiSwap developer allocation a couple of days ago.

In a series of tweets, he apologized to a long list of important personalities and business entities that were directly or indirectly affected by his action.

Chef Nomi tweeted, “I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish.”

About SushiSwap

SushiSwap is a cloned version of the widely known Uniswap decentralized exchange. SushiSwap complements the functionality of Uniswap by rewarding liquidity providers with governance token distributions in addition to trading fees on the platform.

Read his message of apology as shared in a series of tweets below:

“To everyone. I fucked up. And I am sorry.

“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!

“I would like to apologize to everyone who I have caused troubles to. I was emotional, I was greedy, I was afraid. I made bad controversial decisions under pressure. And it hurt everyone. I failed your expectation and I am sorry. @0xMaki @zippoxer @Sushi__ninja

“The early believers in the project. Thank you for joining the journey with me early. And sorry if I made you feel betrayed. I really appreciated your help bootstrap the project and push it forward.

“@binance @cz_binance @nomorebear I am sorry that I may have caused you trouble. @haydenzadams @brendan_dharma sorry for being cocky. You guys are awesome builders.

“Most importantly @SBF_Alameda. Thank you for your help getting SushiSwap back when I almost destroyed it. Same goes for other signers @AdamScochran @mickhagen @cmsholdings @sinoglobalcap

“And there are probably hundreds of other people that I did not mention here, but well deserve an apology from me.

“I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish.

“I will continue to participate in the discussion and technical implementation of SushiSwap in the background. But I will not have any control. Will not take any spotlight. Will not be part of the governance.

“I hope that SushiSwap continues to evolve. Don’t let my mistake deter it from being a 100% community-run AMM. The success of SushiSwap will set a precedent for many more community-run projects.

“It has a lot of potential, don’t let my action alone fuck it up.”

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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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