SushiSwap token price rebounds after new CEO Jared Grey explains he’s not THAT JG
The price of sushiswap (SUSHI) has returned to around the $1.38 level following a price dip this week after newly-appointed CEO Jared Grey denied a barrage of online accusations.
As of 14 October, SUSHI was trading at $1.39, up 0.92% over the past seven days.
However, on 10 October, after opening at $1.38, SUSHI dropped to a low of $1.21 within 24 hours of the accusations being levelled against Grey.
SUSHI to USD
Appointment sparks rumours
The SushiSwap decentralised autonomous organisation (DAO) had elected Grey as its new ‘head chef’ – the CEO of SushiSwap – earlier this month.
But rumours began circulating on 10 October that Grey was responsible for the disappearance of funds from the ALQO cryptocurrency in 2019 – of which he was the CEO a the time – via a wallet called Liberio.
Grey’s response
Grey took to Twitter on 11 October to deny the accusations. He said: “Today has been interesting. Let me be clear: the accusations towards me are 100% untrue.
Today has been interesting. Let me be clear: the accusations towards me are 100% untrue. FYI, in 2019, my business partner stole funds from our community while I was busy raising funds to launch the Bitfineon exchange. /1
— Jared Grey (@jaredgrey) October 11, 2022
The new SushiSwap CEO clarified in the tweets that his “business partner stole funds from our community” using the Liberio wallet – named as Kevin Collmer in a linked Medium blog post.
According to Grey on Twitter: “The investors & I found out, fired him, and refunded the affected users.”
At the time of writing, SUSHI was trading at $1.39, up 0.92% over the past seven days
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