Chef Nomi Returns ETH Worth $14 Million

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Chef Nomi (Courtesy: Twitter)
Chef Nomi (Courtesy: Twitter)

The former lead developer of Sushiswap, Chef Nomi, has returned $14 million worth of ETH to the protocol’s treasury.

In a somewhat completely unexpected turn of events, the former lead developer behind the Sushiswap protocol has returned $14 million worth of ETH to SUSHI’s treasury.

This comes six days after the anonymous Chef Nomi depleted the development fund and sold it for ETH, basing his merits on the fact that he deserved that money for his hard work.

To reiterate something we’ve touched upon countless of times – there’s never a boring day in the cryptocurrency field.

Just six days ago, the anonymous then-lead developer of the Uniswap fork, SushiSwap, drained out the development fund and sold SUSHI tokens worth millions of ETH.

The community condemned his actions as an ‘exit scam.’ He was quick to react and transferred the admin control to FTX CEO, who then migrated it to a community-owned multi-signature wallet.