SushiSwap has faced accusations of governance manipulation and financial opacity as tensions grow over the removal of governance forums.
Decentralized cryptocurrency exchange SushiSwap found itself in hot water after the community accused its core team of deleting parts of its governance forum and ignoring snapshot voting amid a backlash over its financial management.
in X post In late February, former SushiSwap contributor Naim Boubziz sparked controversy by highlighting the project’s core team’s removal of its governance forum amid criticism over its use of government funds.
In a follow-up post on March 4, Boubziz wrote that the Sushi operations team removed four snapshot governance proposals that advocated for restoring the forum and increasing transparency about treasury funds. Boubziz also noted that the team limited the creation of new snapshot polls to only core team members.
One proposal on the forum highlighted “serious concerns about the current operations team’s management of Sushi’s treasury funds” and urged the SushiSwap community to “take steps to correct the current situation, which is neither sufficiently transparent nor objectively justified within the DAO structure.” urged.
The proposal also calls for the compensation committee to be suspended, full disclosure of bonuses and salaries, and disclosure of entities established by Sushi’s management team. But nothing has changed since then.
Sources close to the SushiSwap community claimed in comments to The Defiant that the project’s core team attempted to “hold the DAO hostage,” and that the team’s response to the pushback included locking forum posts, deleting critical posts, and banning and purging users. He added that it was done. role. Despite the growing concerns, SushiSwap has not publicly addressed the claims about its management practices or provided anything reassuring as of this writing.