Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion.

The airdrop caps an eventful week for Sushiswap that started with the reported ‘exit scam’ by co-founder Chef Nomi and the return of the $14 million worth of ETH.

After initially defending his actions that are believed to have caused the price of the decentralized finance (defi) token to crash, Chef Nomi made the surprise decision. Furthermore, the still anonymous founder issued an apology for his actions and said he “will let the community decide how much he deserve(s) as the original creator of Sushiswap.”

In response to this show of contrition, Sam Bankman-Fried paid tribute to Chef Nomi for this decision, while reminding his Twitter audience of the founder’s earlier good work. The FTX CEO added that part of the returned ETH will now be used to fund the scheduled buyback.

Sushiswap's 2 Million Token Airdrop: Founders Face Accusations of 'Making Defi a Joke Again'

Since taking…

Click to continue reading on its source location…