Legendary DeFi Builder 0xMaki is moving away from SushiSwap, but it is also among the information that 0xMaki will remain in the consulting role. 0xMaki, the co-founder and project leader behind Sushi, has reportedly stepped down from his role on the team. Sushi price was negatively affected by these news. Details on the subject cryptocoin.com‘in
Sushi price and position of 0xMaki
Leading DeFi project Sushi, known for its permissionless decentralized exchange SushiSwap, bids farewell to one of the key minds who first contributed to its creation. A decisive and vital contributor and founding member under the pseudonym 0xMaki, 0xMaki is resigning from his post, according to multiple sources. The reason for 0xMaki’s departure still remains a mystery. However, an anonymous source told The Defiant that Sushi’s co-founder will not completely break ties and will remain in the role of advisor. A full explanation on the subject is expected from 0xMaki today. While the news has taken the cryptocurrency community by surprise, viewers have previously spotted signs that the Sushi leader is moving away from his position. As can be seen in this transaction on Etherscan, on September 14, 0xMaki’s address was removed from SushiSwap’s operational multisig wallet.
0xMaki took over her role on SushiSwap after the creator of the project, Chef Nomi, left in September last year. After Chef Nomi withdrew $13 million of developer stake from the project’s coffers, he drew the ire of the DeFi community and effectively “pulled the carpet” on its users. Although Nomi later returned the money, the SUSHI token fell by more than 50% and the reputation of the protocol took a significant hit.
Is he behind the success?
After the incident, 0xMaki became the de facto figure of Sushi and is today considered the driving force behind much of the project’s success. Many crypto followers took to Twitter to slam words of praise for 0xMaki after reports of his departure surfaced online.
big love to @0xMaki — sushi wouldn’t be where it is today without you. Looking fw to seeing whatever u do next ❤️
— cobie (@CryptoCobain) September 17, 2021
The SUSHI token reacted negatively to the news and fell 18% at the time of writing. The price of SUSHI took another hit earlier this morning when SushiSwap CTO Joseph Delong notified users of a vulnerability in the protocol’s MISO platform, allowing an attacker to consume $3 million worth of Ethereum.
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