The DeFi project of the decentralized crypto exchange, SushiSwap, which raised more than $1.5 billion, found itself at the center of a scandal after a dozen vulnerabilities were discovered in its code, and the anonymous founder sold half of the developers' fund.

At the end of August, the DeFi protocol of the fork of the decentralized trading platform Uniswap, SushiSwap, accumulated $700 million in frozen funds in three days. A couple of days later, assets worth $1.5 billion were frozen in the protocol. But the joy of investors who expected multiple returns from investments quickly changed to frustration and anger.

Investors were not embarrassed by the fact that SushiSwap smart contracts did not undergo a technical audit, and the project itself was launched by an anonymous developer under the nickname Chef Nomi. Last week, Quanstamp announced the results of an audit of the SushiSwap code. They discovered ten vulnerabilities. Two were moderate, three were of minor severity, and the remainder was more informational. None of them are critical, but there are those that are associated with an increased risk of misappropriation of user funds. In the worst case, this could lead to the transfer of all the tokens of the liquidity provider (LP) to a third-party address.

But more negative was the impact of the sale of the developers' fund. On September 5, the platform administrator Chef Nomi sold half of the developers' fund with assets worth $27 million. He withdrew 20,039 ETH and 2,558,644 SUSHI worth $15 million. As a result of this sale, the price of the coin collapsed 10-fold. Tokens fell from $11 to $1, but later returned to $3. The next day, Chef Nomi announced that he transfers the control of the platform to the founder and CEO of the FTX exchange, Sam Bankman-Fried.

“I hope SushiSwap does well without me. Again I did not intend to do any harm. I'm sorry if my decision did not follow what you expected," Nomi wrote.

The announcement of the transfer of control over the platform was a surprise not only to the community but also to Bankman-Fried himself. In a conversation with Forbes, he noted that he was "shocked."

Meanwhile, some investors in SushiSwap are thinking about filing a class-action lawsuit against the platform's founder, Chef Nomi. As the Chef remains anonymous, at this time it is unclear if any repercussions can be made, and if the FBI and IRS will get involved.