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Author Topic: SushiSwap founder returns money and ask for forgiveness 😢  (Read 776 times)
pawanjain
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September 13, 2020, 12:51:44 PM
 #61

It's a really good thing that the owner is feeling guilty and has apologized for his behaviour.
It takes huge guts to accept a mistake in front of such a large community.
But this doesn't mean that you guys should trust him again and invest in Sushi blindly.
This is where you should pay focus. Take out all your money or most of it and invest in a potential coin.
If the scam has happened once then it can happen again. If not the owner it can be someone else from their team as well.
You money lies in your hands now. Let the DeFi hype settle and then decide whether to invest in it again or not.

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September 13, 2020, 12:59:24 PM
 #62

It's a really good thing that the owner is feeling guilty and has apologized for his behaviour.
It takes huge guts to accept a mistake in front of such a large community.

This is just a tweet. He can delete it if he wants. So his guts are not so huge. He could have gathered all the people that had lost from Sushi in one place and apologise on public.

It is unclear what this is all about. Did he really meant to apologise or he was forced to. 

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aioc
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September 13, 2020, 03:06:09 PM
 #63

He's trying to regain his reputation and i think it's a smart move knowing that you might get into jail after running with the money of the investors, but I don't think that would be enough to appease the people he scammed by just returning the money, but i guess it's still a good thing that he returned it, many people would run because of it.
Nobody will trust him again we don't know exactly why he returned the money, maybe he's not really that bad or someone in the group threaten to expose him,we do not know the real picture, this is how risky investing in Cryptocurency so even if you do your own research this things still happen, that is why we should tagged this unknown or anonymous developers because they have a way to get away, because nobody is going after them.

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September 13, 2020, 03:32:01 PM
 #64

I do not get it, why do you think that one person should have power over something? That alone should tell you how this is all wrong and f- up, decentralization is a thing and if they do not care about it at all, that means they are not doing it right at all neither.

We need people to actually have some sort of uncontrollable thing, like bitcoin because that way you know that it can't be controlled and people could actually have a decentralized currency, however it is not like that, now this dude made a mistake and it screwed up everything but even if it ever recovers, giving that power to someone else doesn't really make a ton of change, it just changes the ownership from one person to another, who is to say that new ownership will not make any mistake neither? Nobody can guarantee that.
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September 13, 2020, 04:31:28 PM
 #65

I am 100% certain that dude faced with a lot of legal stuff and he was really afraid of going to jail for a very very long time and that is why he did all of this. Obviously he is not off the hooks yet, what he did was illegal and it is not the same to just give everything back and think you are innocent, let's assume you go steal someone's money, and you bring that money back to them, you think that is not a crime? Of course it is, this is the same thing but just digitally.

He is hoping that since he gave the money back and he stepped down as the CEO and he is no longer a part, he will not be considered as a criminal and nothing will happen to him, he might be right in the crypto world since most people do not really care about it, but I still think it is quite dangerous as well.

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SiNeReiNZzz
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September 24, 2020, 12:16:18 PM
 #66

https://twitter.com/NomiChef/status/1304442495342796800




To everyone. I fucked up. And I am sorry.
$SUSHI migration went successfully and the journey of @SushiSwap began. I was fortunate to have a chance to help in the background and it was a very enjoyable moment in my life. Congrats for the successful migration!
I would like to apologize to everyone who I have caused troubles to. I was emotional, I was greedy, I was afraid. I made bad controversial decisions under pressure. And it hurt everyone. I failed your expectation and I am sorry.
@0xMaki @zippoxer @Sushi__ninja The early believers in the project. Thank you for joining the journey with me early. And sorry if I made you feel betrayed. I really appreciated your help bootstrap the project and push it forward.
@lawmaster @scott_lew_is @danielque @tomhschmidt @rleshner and other Crypto OGs. @DegenSpartan @mewn21 @intocryptoast and other degen friends. I failed your expectation. I am sorry.
@AndreCronjeTech Thank you for helping with some ideas and code. And very sorry for bringing a bad reputation to the DeFi movement.
@binance @cz_binance @nomorebear I am sorry that I may have caused you trouble. @haydenzadams @brendan_dharma sorry for being cocky. You guys are awesome builders.
Most importantly @SBF_Alameda. Thank you for your help getting SushiSwap back when I almost destroyed it. Same goes for other signers @AdamScochran @mickhagen @cmsholdings @sinoglobalcap
And there are probably hundreds of other people that I did not mention here, but well deserve an apology from me.
I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap. In any currency (ETH/SUSHI/etc). With any lockup schedule you wish.
I will continue to participate in the discussion and technical implementation of SushiSwap in the background. But I will not have any control. Will not take any spotlight. Will not be part of the governance.
I hope that SushiSwap continues to evolve. Don't let my mistake deter it from being a 100% community-run AMM. The success of SushiSwap will set a precedent for many more community-run projects.
It has a lot of potential, don’t let my action alone fuck it up.


If someone fall for it a 2nd time, you can no longer be helped...
Sorry!  Roll Eyes
  

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September 25, 2020, 06:47:24 PM
 #67

Dude basically assumed since he was the creator he should be paid, and he took what he assumed would be enough and didn't even consider it as money that he was stealing, he assumed it was money that he deserved and now after "apology" he still says "and I will let community decide how much I deserve as original creator of sushiswap" meaning he still wants money.

Basically after all he has done, he still has the audacity to think that he deserves money, if he created and put some aside from himself I would have understand that, but to do it later and now asking for money for it is just plain evil, dude should get nothing if you ask me. Because of him sushiswap is now worse and he didn't created it, a whole team did, he just had an idea and that doesn't worth 14+ million dollars. Specially not after what he did.
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September 25, 2020, 06:57:56 PM
 #68

Maybe he thought he would get caught.
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September 26, 2020, 03:08:32 PM
 #69

Well, at least they are not really taking the investor's money and run away.
We can learn from this, the community project funds should not be at one's control, it should be requiring some people to move the funds.
If only one person can control the funds freely, this case will likely happening in the future.

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September 26, 2020, 03:55:04 PM
 #70

Now his reputations have been restored I think. I haven't seen anyone in crypto who at least apologies after doing a scam activity. Maybe he feared that he will go to jail for his doing. People won't trust him anymore because many lost their money. But some may respect him because of this right decision after all.

Not fully  restored they are just giving it back the money to real owner  that he plan to run so he will not go to jail a wise decision for him . but if I am the one who invested I will never think to invest again to a person that tryng to run my money . He just failed to do it because he knows the consequences that he will deal after . what his done is done so no way people should trust that kind of person.

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September 26, 2020, 04:11:19 PM
 #71

Exit scam canceled? He probably afraid of being put in jail for the rest of his life. Not sure if "I am sorry" would be enough and free him from problems that might arise.
I think the same, on the surface this may seem like a good action but it is not, he is worried about going to jail for the rest of his life or at least for a significant amount of time and now he is trying to make it seem as if he had a change of heart, but in my mind this person will always be a scammer and anyone dumb enough to invest in such project or in future projects that may involve him is asking to be scammed and if they do then they have no one to blame but themselves.

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