DeFi

Co-Founder of Sushiswap 0xMaki resigns from his position

  • According to a source 0xMaki is stepping down from his position at SushiSwap as core contributor and founding member
  • While the news surprised the crypto community, some observers had previously seen signs that 0xMaki would be leaving his position
  • Sushi's launchpad MISO fell victim to an exploit which resulted in the price of the SUSHI token going down 18%

0xMaki the co-founder and one of the main contributors of SushiSwap resigns from his position in the project.

The news has taken the crypto community by surprise

According to a source, 0xMaki is stepping down from his position at SushiSwap as a Co-Founder and core contributor to the project. The reason for 0xMaki’s resignation is not yet known. However, TheDefiant reported that the Sushi co-founder will not be parting ways with the company entirely, but will continue in an advisory role. A statement from 0xMaki is expected later today.

While the news surprised the crypto community, some observers had previously seen signs that 0xMaki would be leaving his position. On September 14, 0xMaki’s address was removed from SushiSwap’s operations multi-sig wallet, as seen in this transaction on Etherscan.

0xMaki became the most important figure at SushiSwap after Nomi left in September

0xMaki took over the role as the founder of Sushiswap Chef Nomi, who left the project in September 2020. Chef Nomi drew the ire of the DeFi community after he pulled $13 million in developer shares from the project’s coffers, leaving users devastated. Although Nomi later repaid the funds, the SUSHI token plummeted by more than 50% and the protocol’s reputation took a significant hit.

After this incident, 0xMaki became the most important figure at Sushi and has always been considered the driving force behind Suhiswap.

The MISO launchpad also fell victim to an exploit today

Sushi’s launchpad MISO fell victim to an exploit. The attacker siphoned $3 million worth of Ethereum from the auction contract of the Jay Pegs Auto Mart token on Launchpad.  According to a statement of the project, its CTO Joseph Delong, only one auction contract has been exploited, while all other infected auctions have been patched. A transaction on the blockchain is showing that the hacker returned 800 of the 864 ETH. Despite the ETH has been returned the SUSHI token has fallen sharply since the news and is currently down 17%.

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