Chef Nomi Transfers Project Control To FTX CEO

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

Chef Nomi is news since yesterday. The anonymous founder behind the viral decentralized finance (DeFi) project SushiSwap has transferred the project control to FTX CEO Sam Bankman-Fried.

This development comes after Sushi endured a troublesome period in the recent past. It crashed by at least 80% after rising from 0 to $10, with the price now at $2.50.

Chef Nomi was understandably worried about the price drop and in a bid to reassure, send the dev funds into a Uniswap Pool and lock the tokens.

After thinking for quite sometime, he changed his mind and converted it all into ETH. He sold at the price of about $3 per sushi, with any new dev funds now to go to a multisig.

“Again I would like to stress. I will continue to drive the project forward… You will continue to see driving all the efforts. The MultiSig. The Migration. The development. Everything,” he said.

“The devshare part of me. I converted them to $ETH. I stop caring about price and I will focus on the technicality of the migration,” chef Nomi added.