0xMaki, co-founder and head of Sushi, the leading DeFi project known for its decentralized exchange, SushiSwap, has stepped down.
It’s not clear why 0xMaki chose to leave, however, an unnamed source said the Sushi co-founder will not fully clear the relationship and will continue to act as an advisor. Expect a full explanation from 0xMaki later today.
While the news took the crypto community by surprise, many previously identified signs of the sushi leadership leaving the post. On September 14th, 0xMaki’s address was removed from SushiSwap’s active multisig wallet, as shown in FIG this transaction on etherscan.
0xMaki took over his role at SushiSwap after the project’s creator, Chef Nomi, left last September. Nomi angered the Defi community after pulling $ 13 million in developer stake from the project fund and effectively “carpet pulling” users. Although Nomi later returned the funds, the SUSHI token crashed more than 50% and the protocol’s reputation suffered significantly.
Following the incident, 0xMaki became Sushi’s de facto puppet and is widely recognized as the driving force behind much of today’s project success. Many crypto followers paid tribute to 0xMaki on Twitter following news of his departure.
SUSHI reacted negatively to the news, trading down 18% in the past 24 hours. The downward trend occurred last morning when Joseph Delong, CTO of SushiSwap, announced an exploit on the protocol’s MISO platform that allowed attackers to wipe out $ 3 million worth of Ethereum, Bitcoin Magazine reported.
We invite you to join our Telegram for faster news: https://t.me/coincunews
According to crypto briefing