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Band Protocol Says its CTO Only Reviewed SushiSwap’s Code for ‘Safe’ Deployment

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Over the weekend, Uniswap clone SushiSwap became the center of attention when its anonymous creator Chef Nomi converted his SUSHI tokens for $13 million worth of Ether.

Unlike Uniswap, SushiSwap has its own token SUSHI through which people can earn a portion of the automated money market’s (AMM) revenue by providing liquidity.

Just a week and a half old project that still has $1.26 billion in total value locked (TVL) got a new masterchef on Sunday, FTX CEO Sam Banman-Fried.

Besides all this, there have also been rumors that Chef Nomi is actually the CTO of another DeFi project, Band Protocol.

The 65th largest cryptocurrency by market cap for nearly $175 million is down 11% today. Overall, BAND has lost 50% of its value since last week’s high of $16.8.

At the time of writing, the BAND token of the popular oracle provider has been trading at $8.45.

The community, however, is expecting more losses on the back of these rumors. As such, the team of Band Protocol issued a statement where it said, “Band Protocol CTO and Co-Founder, Sorawit Suriyakarn, is NOT NomiChef, the creator of Sushi Swap.”

They argued that the Hearthstone-related code that is being used to make Suriyakarn’s connection to SushiSwap is not the only one he contributed to; Suriyakarn also starred in other 90+ repositories.

As for sharing the same IP hosting service, it has been “used by some of the largest tech companies.” Also, since then, they changed the hosting service to Netlify to avoid confusion.

The team clarified that they are not involved in the operation of SushiSwap in any capacity.

However, Suriyakarn did review the initial code deployment of SushiSwap, which he often does for other projects as well, to make sure the DEX was “safe for public use.” The statement reads,

“We value our partnerships and want to assure our investors, partners, and community that our initial interest in Sushiswap was straight forward — if it became successful, Band token, as a ‘farmable’ asset, would gain more visibility and therefore would boost its usage.”

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