Playing out almost like a Spanish soap opera, the confusing saga of SushiSwap does not fail to deliver. Over the weekend, several things changed with the platform, including its owner. After being scrutinized by the community for selling SUSHI tokens, the anonymous founder ‘Chef Nomi’ decided to leave. With digital suitcases filled with cryptocurrencies in his hand, the founder left and made a deal to hand the project to the CEO OF FTX.
Sam Bankman-Fried, the CEO of leading derivatives crypto exchange FTX, was heavily invested in the project. His Twitter discussions basically encompassed SUSHI over the past week. The entire discussion over the process of migrating SushiSwap not only from Uniswap but from Chef Nomi to Bankman-Fried took place on Twitter as well.
This lead some to believe that Chef Nomi was Sam Bankman-Fried all along, as it would be more natural to discuss these topics privately instead of doing it publicly. Others believe that the two developers wanted to keep the already controversial project as public as possible, in order to reassure investors and bring back trust.
In the meantime, Bankman-Fried put the migratory process to a hold. Planned for completion during the weekend, the FTX CEO instead temporarily stopped it. According to the CEO, he stopped the process as the old migration version used Chef Nomi’s key. Moreover, he wants to audit the migratory code further, introducing a 48-hour countdown for it.
Chef Nomi: Is he the FTX CEO or Band CTO?
Before the thought that the CEO of FTX might be the anonymous founder due to his early and significant investments in the project, Crypto Twitter discovered another candidate. Twitter user Tina.Is.Not.Aligned created a chain of comments created to show who is really involved in SushiSwap.
Based on insider information, hosting provider information, and other implications, the user discovered that Chef Nomi is in fact Sorawit Suriyakarn. Suriyakarn is the CTO and co-founder of Band, another DeFi project. The main selling point behind this idea is the fact that hosting data for SushiSwap and Band Protocol websites match exactly to the core.
Locations, IP addresses, and organization names for both websites are the same for both projects. Moreover, the Band CTO recently created a depository on his GitHub page with a Hearthstone deck tracker. Hearthstone is a massively popular online card game from whose characters ‘Chef Nomi’ derives from.
Band CTO denies SushiSwap allegations
With the handle @nomorebear, the Band Protocol CTO publicly denied these allegations. According to Suriyakarn, he barely has any time to develop SushiSwap as he is employed full-time at Band. Moreover, he described the claims as an attack on both him and the Band Protocol project. The CTO also made sure to make use of Twitter’s feature where only users selected by the poster can reply.
Is Chef Nomi the FTX CEO or Band Protocol CTO in the end? No matter who he is exactly, even though the evidence clearly supports Suriyakarn’s involvement, the anonymous founder is a powerful individual. The fact that SushiSwap earned so much publicity in so little time is truly confusing. It is true that the platform provided a radically different reward distribution system. However, it still does not make sense that Binance would list SUSHI only a few hours after launch. Binance CEO Changpeng Zhao is heavily involved with the industry. Therefore, it is not outside the realms of possibilities that he would help out his fellow friends.