September 11, 2020 SushiSwap’s founder has returned 38,000 ETH to the protocol.

SushiSwap’s pseudonymous founder, Chef Nomi, has returned 38,000 ETH, currently worth around $14M, to the protocol’s treasury fund. Chef Nomi drew criticism last week when they converted a portion of SushiSwap tokens intended for project development into ETH and withdrew them from the protocol. The move resulted in control of SushiSwap being transferred to FTX CEO Sam Bankman-Fried and a portion of assets in Uniswap’s liquidity pool being transferred to SushiSwap.