SushiSwap CEO Jared Grey Scammed Crypto Investors? SUSHI Tanks

Key Takeaways:

  • SusiSwap CEO Jared Grey is facing allegations of scamming investors
  • According to reports, he duped investors in 2019 by taking Bitcoins for a new crypto exchange which he never launched
  • SHUSHI, the native token of SushiSwap, tanked amid the news
SushiSwap CEO Jared Grey Scammed Crypto Investors. SUSHI Tanks
SushiSwap CEO Jared Grey Scammed Crypto Investors. SUSHI Tanks. Image Source: drawsandcook

YEREVAN ( — Jared Grey, the new Chief Executive Officer of cryptocurrency exchange SushiSwap (SUSHI), is under fire. Barely days after he took over as head of the project, he has already been accused of scamming investors and stealing from the community. 

As a Twitter user, Yanick Crypto pointed out, Jared Grey also made several copyright infringements through his company “MultiPlex PC”. 

In an elaborate thread post, Yannick, who claims to have personally met Jared Grey, claimed the new SushiSwap executive introduced the Web Wallet for ALQO, which he used to steal 70% of the total supply of the project’s tokens. 

Yannick claims Jared Grey steal 70% of the Sushi tokens
Did SushiSwap CE0 Jared Grey scam investors in 2019?

He later allegedly rebranded ALQO to EONS and moved from its chain to an Ethereum ERC-20 one in a bid to cover his tracks. 

Taking his accusations against Grey one step further, Yanick claimed the new SushiSwap CEO also scammed several people of their hard-earned Bitcoin (BTC) tokens. 

Grey, along with his developer Kevin Collmer, allegedly took BTC from at least 20 people with the promise of listing their projects on a new crypto exchange called Bitfineon. He later failed to launch the platform while keeping the raised funds. 

SushiSwap CEO denies allegations

After the allegations gained wide circulation on social media, SushiSwap CEO Jared Grey took to Twitter to deny the allegations. 

In a series of posts, Grey blamed his business partner for stealing from the community back in 2019. He also share a medium post from the time which clarified that Kevin Collmer was removed from the project for his actions. 

“I have always operated with integrity in this space; you can reach out to anyone I’ve worked with directly over the years… baseless accusations are caustic and wrong,” 

Grey tweeted. 
SushiSwap CEO ared Grey denied accusations of fraud labeled against him
Jared Grey denied accusations of fraud labeled against him on Twitter

New Crypto Token Created Called HORSHE

Meanwhile, besides scam allegations, Jared Grey faces other shameful allegations. According to some social media posts, the new SushiSwap CEO sexually assaulted a horse, causing him to become the butt of many jokes. 

People are sharing posts on Twitter claiming Grey fingered a horse. Adding insult to injury, people have created a new parody crypto token called HORSHE about the incident. 

The token has now surged over 6000% hours after the news broke. 

A new meme token HORSHE, created to mock SushiSwap CEO Jared Grey, rallied following the news
A new meme token HORSHE rallied following the news

Recommended: Cryptocurrency Price Today: SushiSwap (SUSHI), Syscoin (SYS), VeChain (VET)

Meanwhile, SUSHI Price Tanks

While the parody token created to mock Jared Grey makes headlines, SUSHI, the native token of SushiSwap, is tanking.

According to data on CoinMarketCap, the token has dipped over 10%. At the time of writing, SUHI trades for $1.22, down from the $1.38 before the news broke. 

SUSHI, the native token of SushiSwap, price tanked amid allegations that Jared Grey scammed investors
SUSHI, the native token of SushiSwap, tanked.

The crash comes days after SUSHI rallied over 30% last week, jumping from $1.0346 on October 3 to $1.3759 yesterday. 

Whether SUSHI can recover from the recent news and continue its rally remains to be seen. Until then, Jason Grey will remain a meme topic for a long time. 

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