According to AMBCrypto, SushiSwap announced a leadership transition on December 1, with Synthesis founder Alex McCurry acquiring over 10 million SUSHI tokens and assuming control of the protocol. Jared Grey, who led SushiSwap through three years of SEC subpoenas and governance issues, is stepping down to an advisory role. The move comes as the DEX faces a 99% drop in total value locked, from $8 billion in early 2022 to $101.79 million currently. McCurry’s investment is valued at approximately $3.34 million at current SUSHI prices, which have fallen 70% from their July peak.
SushiSwap CEO Steps Down as Synthesis Invests $3.3M in Struggling DEX
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