{"id":505745,"date":"2022-10-11T17:00:13","date_gmt":"2022-10-11T17:00:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=505745"},"modified":"2024-06-11T08:01:36","modified_gmt":"2024-06-11T08:01:36","slug":"heres-why-sushi-is-down-more-than-10-in-the-last-24-hours","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/heres-why-sushi-is-down-more-than-10-in-the-last-24-hours\/","title":{"rendered":"Here\u2019s Why SUSHI Is Down More Than 10% In The Last 24 Hours"},"content":{"rendered":"

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 \u2018Head Chef\u2019 Jared Grey\u2019s conduct in the past and inappropriate sexual conduct with a\u2026 horse.<\/p>\n

Accused Of Running Scams<\/h2>\n

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.<\/p>\n

The thread<\/a> alleged that Grey had orchestrated various scams in the space under his company called \u201cMultiplex PC\u201d 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.<\/p>\n

Related Reading: Ethereum Marks Highest Growth Day In 2022, Will ETH Price Follow?<\/a><\/strong><\/em><\/div>\n

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.<\/p>\n

Another scam Grey is accused of is of a crypto exchange, Bitfineon, that was promoted but never went live. The Twitter user explained that Grey had charged coin founders a 1 BTC listing fee for Bitfineon and stole about 20 BTC from founders this way.\u00a0<\/span><\/p>\n

Then there were the less unsavory rumors that Jared Grey had been involved in inappropriate sexual conduct with a horse. In true crypto fashion, this last rumor garnered the most interest and has since caused the price of SUSHI to dump.<\/p>\n

\"SUSHI<\/p>\n

SUSHI price falls 10% in 24 hours | Source: SUSHIUSD on TradingView.com<\/a><\/pre>\n

SUSHI Takes The Heat<\/h2>\n

Since the thread and the rumors began circulating, the price of SUSHI has taken a big hit in the market. The price had declined by more than 10% once the rumors were in full bloom, pushing the price of the digital asset down to $1.2 at this time.<\/p>\n

Related Reading: LUNC Community Clamors For Coinbase Listing, Can It Reach $1?<\/a><\/strong><\/em><\/div>\n

SushiSwap Head Chef Jared Grey had then taken to Twitter<\/a> to dismiss the rumors which he referred to as \u201cbaseless accusations.\u201d He denied ever stealing funds from investors and instead said that his business partner had been the one who had actually stolen the funds.\u00a0<\/span><\/p>\n

\u201cI have always operated with integrity in this space; you can reach out to anyone I’ve worked with directly over the years,\u201d said Grey. \u201cI\u2019ve had business failures, which CT likes to scrutinize, and I’m OK with that because it comes with the territory.\u201d<\/p>\n

Featured image from Zipmex, chart from TradingView.com<\/pre>\n

Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

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 \u2018Head Chef\u2019 Jared Grey\u2019s conduct in the past and inappropriate sexual conduct with a\u2026 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 \u201cMultiplex PC\u201d 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 never went live. The Twitter user explained that Grey had charged coin founders a 1 BTC listing fee for Bitfineon and stole about 20 BTC from founders this way.\u00a0 Then there were the less unsavory rumors that Jared Grey had been involved in inappropriate sexual conduct with a horse. In true crypto fashion, this last rumor garnered the most interest and has since caused the price of SUSHI to dump. SUSHI price falls 10% in 24 hours | Source: SUSHIUSD on TradingView.com SUSHI Takes The Heat Since the thread and the rumors began circulating, the price of SUSHI has taken a big hit in the market. The price had declined by more than 10% once the rumors were in full bloom, pushing the price of the digital asset down to $1.2 at this time. Related Reading: LUNC Community Clamors For Coinbase Listing, Can It Reach $1? SushiSwap Head Chef Jared Grey had then taken to Twitter to dismiss the rumors which he referred to as \u201cbaseless accusations.\u201d He denied ever stealing funds from investors and instead said that his business partner had been the one who had actually stolen the funds.\u00a0 \u201cI have always operated with integrity in this space; you can reach out to anyone I’ve worked with directly over the years,\u201d said Grey. \u201cI\u2019ve had business failures, which CT likes to scrutinize, and I’m OK with that because it comes with the territory.\u201d Featured image from Zipmex, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":505749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87168,82802,87167,82835,87166,82803,82847],"class_list":["post-505745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jared-grey","tag-sushi","tag-sushi-price","tag-sushiswap","tag-sushiswap-head-chef","tag-sushiusd","tag-sushiusdt"],"acf":[],"yoast_head":"\nHere\u2019s Why SUSHI Is Down More Than 10% In The Last 24 Hours<\/title>\n<meta name=\"description\" content=\"Over the last day, the price of SUSHI, the native cryptocurrency of the SushiSwap ecosystem, has been on the decline. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here\u2019s Why SUSHI Is Down More Than 10% In The Last 24 Hours","url":"http:\/\/uniquehot.com\/news\/heres-why-sushi-is-down-more-than-10-in-the-last-24-hours\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/heres-why-sushi-is-down-more-than-10-in-the-last-24-hours\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/SushiSwap.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/SushiSwap.jpeg?fit=1200%2C716"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["jared grey","sushi","sushi price","sushiswap","sushiswap head chef","sushiusd","sushiusdt"],"dateCreated":"2022-10-11T17:00:13Z","datePublished":"2022-10-11T17:00:13Z","dateModified":"2024-06-11T08:01:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here\\u2019s Why SUSHI Is Down More Than 10% In The Last 24 Hours\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/heres-why-sushi-is-down-more-than-10-in-the-last-24-hours\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/heres-why-sushi-is-down-more-than-10-in-the-last-24-hours\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/SushiSwap.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/SushiSwap.jpeg?fit=1200%2C716\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"jared grey\",\"sushi\",\"sushi price\",\"sushiswap\",\"sushiswap head chef\",\"sushiusd\",\"sushiusdt\"],\"dateCreated\":\"2022-10-11T17:00:13Z\",\"datePublished\":\"2022-10-11T17:00:13Z\",\"dateModified\":\"2024-06-11T08:01:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/SushiSwap.jpeg?fit=1200%2C716","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/505745"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=505745"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/505745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/505749"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=505745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=505745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=505745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}