What can we learn from the SushiSwap founder’s cash-out incident?

According to BlockBeats, on September 5, in response to the founder of Sushiswap selling $6 million worth of ETH, which caused the SUSHI token to plummet, Su Zhu, co-founder of Three Arrows Capital, expressed his opinion on Twitter that we should learn three things from this madness:

1. Anonymous founders need to be subject to stricter, not looser, scrutiny;

2. The builders and creators of the fork did not create value;

3. Think in reverse and don’t assume that people won’t ignore their immediate interests for the sake of greater benefits.

According to a previous report by BlockBeats, on September 5, a community member discovered that the founder of SushiSwap cashed out 18,000 ETH. The founder responded that the cashing out only caused a 5% slippage. The founder also stated that he would continue to promote the development and liquidity migration of SushiSwap and continue to provide technical support to the community.

Subsequently, the SUSHI token plummeted from US$4.5 to around US$1.4. Currently, SUSHI is quoted at US$1.85, a drop of more than 60% in 24 hours.