SushiSwap creator "Chef Nomi" has returned all $14 million in ether (ETH) that he cashed out from the automated market maker last week, apologizing to the community for suddenly liquidating his ...

Chef Nomi, the pseudonymous founder of decentralized exchange protocol SushiSwap, said Friday that they returned some 38,000 ETH — worth some $14 million at press time — to the project's ...

The decision comes soon after Nomi faced intense criticism from the DeFi community for converting a portion of SUSHI tokens, meant for the development of the SushiSwap ecosystem, to ether (ETH ...

The withdrawal amount to 20,039 ETH and 2,558,644 SUSHI from the dev fund. Following outcries from the community, Chef Nomi opened up on twitter, hoping to convince his community that he did not ...

Forbes contributors publish independent expert analyses and insights. I write about financial innovation. Creator of MythOfMoney.com. This article is more than 4 years old. If you’ve been ...

Since May, Ethereum has outperformed bitcoin, largely due to the decentralized finance (DeFi) frenzy, which saw numerous DeFi tokens with unaudited code and sometimes anonymous founding teams ...

The handover of the project to the reputable SBF comes after Nomi reportedly withdrew 20,039 ETH and 2,558,644 SUSHI from the dev fund. The capital in the dev fund was supposed to be used to ...