In the wake of criticism over its financial management, the community has accused SushiSwap, a decentralized cryptocurrency exchange, of removing portions of its governance forum and ignoring snapshot votes.

The scandal began when former SushiSwap contributor Naim Boubziz highlighted in an X post in late February that the project's core team had deleted its governance forum in response to complaints regarding its usage of treasury funds.


Boubziz stated in a follow-up post on March 4th that the Sushi operations team has eliminated four snapshot governance recommendations that called for the forum's reinstatement and more treasury fund transparency. Boubziz added that only members of the core team were allowed to create new snapshot votes.
One forum proposal called for the SushiSwap community to "take action to rectify the present situation which is not sufficiently transparent nor objectively justifiable within a DAO structure," highlighting "serious concerns with the current custody of Sushi treasury funds by the operations team."

In addition, the proposal called for the suspension of the compensation committee's responsibilities, bonuses, complete salary disclosure, and the exposure of any legal organizations that Sushi's operations team may have established. Still, nothing has changed since then.


In a remark to The Defiant, sources close to the SushiSwap community said that the project's core staff was trying to "hold the DAO hostage," and they said that in reaction to backlash, they had locked down forum threads, removed important posts, banned members, and stripped positions. As of this writing, SushiSwap has not publicly addressed the accusations or offered guarantees on its management policies, raising further worries.