Here’s Why SUSHI Is Down More Than 10% In The Last 24 Hours

Over the last day, the price of SUSHI, the native cryptocurrency of the SushiSwap ecosystem, has been on the decline. However, this was not just a normal market decline and was tied to rumors that have been circulating in connection to its new ‘Head Chef’ Jared Grey’s conduct in the past and inappropriate sexual conduct with a… horse. Accused Of Running Scams A little over a week ago, the SushiSwap decentralized finance (DeFi) protocol appointed Jared Grey as its new head chef. All was fine for a while until the rumors started to emerge. In a thread, a Twitter user called out Grey over some of his previous projects. The thread alleged that Grey had orchestrated various scams in the space under his company called “Multiplex PC” and had stolen crypto from investors. The account known as YannickCrypto pointed out that Grey had previously been the CEO of ALQO, which had been used to steal user funds. Apparently, the ALQO team had launched a web wallet which had then been used to steal a large supply of ALQO from investors. Related Reading: Ethereum Marks Highest Growth Day In 2022, Will ETH Price Follow? The accusations did not end there because Yannick alleges that Grey had taken the scam further. Apparently, ALQO had subsequently been moved to the Ethereum blockchain and then renamed to EONS to make it impossible to trace back to ALQO. Another scam Grey is accused of is of a crypto exchange, Bitfineon, that was promoted but neve...