Jared Grey, the newly appointed CEO at SushiSwap, is under investigation following allegations of crypto fraud.
Crypto enthusiast @yannickcrypto accused Grey of swindling some people ten years ago and made several copyright infringements through his company MultiPlex PC. The Twitter user also accused the CEO of siphoning 70 of the total token amount of a 2019 project called ALGO. He allegedly concealed all traces of him by rebranding the coin and migrating it to the Ethereum blockchain.
Nevertheless, SushiSwap’s new CEO posted a defense early today, saying,
The claims against me are 100% incorrectJared Grey
He clarified that his business partner stole the money in 2019 when he was attempting to raise funds to start the Bitfineon exchange.
SUSHI, which is the native token of SushiSwap, has seen a substantial price decline of 10% since the fraudulent claim of its boss.