Here’s Why SUSHI Is Down More Than 10% In The Last 24 Hours

SUSHI is the SushiSwap’s native cryptocurrency. The SUSHI price has dropped over the last 24 hours. However, this was not just a normal market decline and was tied to rumors that have been circulating in connection to its new ‘Head Chef’ Jared Grey’s conduct in the past and inappropriate sexual conduct with a… horse.

Fraudulent Running of Scams Accused

Jared Grey, the SushiSwap Decentralized Finance Protocol (DeFi), appointed Jared Grey its new chief chef a little over one week ago. It was all going smoothly for awhile, until the rumors emerged. Grey was criticized by a Twitter user for his past projects.

The thread alleged that Grey had orchestrated various scams in the space under his company called “Multiplex PC” and had stolen crypto from investors. YannickCrypto, a user account that is known as YannickCrypto noted that Grey was previously the CEO at ALQO and had been used for stealing funds. The ALQO team apparently launched a web wallet that was used by investors to steal large amounts of ALQO.

Yannick claims that Grey took the scheme further. Apparently, ALQO was then moved to Ethereum and renamed to EONS in order to make it difficult to trace the source of ALQO.

Grey is also being accused of scamming Bitfineon (a cryptocurrency exchange) that was promoted, but never became live. One Twitter user claimed that Grey had tried to charge coin founders a 1 BTC listing cost for Bitfineon, and then stole approximately 20 BTC. 

There were also rumors that Jared Grey was involved in inappropriate sexual behavior with horses. This rumor, true to crypto style, attracted the greatest interest. It has caused SUSHI’s price to drop.

SUSHI price chart from

Price of SUSHI drops 10% within 24 hours| Source: SUSHIUSD on

SUSHI Turns Up the Heat

SUSHI prices have taken a huge hit since the thread started circulating and the rumors were circulated. Since the initial rumors had been in full swing, the price for the digital asset dropped by over 10%. It was currently at $1.2

Jared Grey was the SushiSwap head chef. Twitter to dismiss the rumors which he referred to as “baseless accusations.” He denied ever stealing funds from investors and instead said that his business partner had been the one who had actually stolen the funds. 

“I have always operated with integrity in this space; you can reach out to anyone I’ve worked with directly over the years,” said Grey. “I’ve had business failures, which CT likes to scrutinize, and I’m OK with that because it comes with the territory.”

Featured image by Zipmex. Chart from

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