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Sushi Swap Head Chef Jared Grey fielded questions from his community about an SEC subpoena he received during a Thursday call.

An Ethereum-based altcoin has outperformed most of the crypto markets over the last week as the founders of bankrupt hedge fund Three Arrows Capital (3AC) gear up to launch their own exchange.

Long-term holders of one Ethereum (ETH)-based decentralized finance (DeFi) altcoin are taking a step back from their investments, according to crypto analytics firm Santiment. In a new report, Santiment says that SushiSwap's (SUSHI) total value locked (TVL) has witnessed a massive 93% decline since November of 2021.

Although associated with the DeFi movement, SushiSwap's [SUSHI] recent escapades have reeked of adversity with the U.S. SEC knocking on its doors.

A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling.

At first it actually seemed to be able to overtake its rival, but already the next month Uniswap reacted so as to take back its dominance among DEXs.

If a 22 March tweet by SushiSwap [SUSHI] is to be believed, the protocol would be on the receiving end of a large amount of Arbitrum [ARB]. Notably, the latter would be AirDropping 4.2 million ARB onto the Sushi network.

Much of the asset manager's Sushi trove was deposited at Binance in the last 24 hours.

Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against the organization and its members.

A whale unstaked 4.08 million SUSHI, the native token of the decentralized exchange SushiSwap, according to a tweet published by Lookonchain.

Between 21 March and the time of writing, activities on the SushiSwap [SUSHI] protocol remained increasingly steadfast. Surprisingly, this has been the case despite a recent revelation that the Automated Market Maker (AMM) could face the wrath of the ever-lurking SEC.

DeFi giant Sushi DAO revealed on March 21 that the United States Securities and Exchange Commission (SEC) had served it with a subpoena.

The Securities and Exchange Commission (SEC) has issued a subpoena to Sushi DAO and its “head chef,” Jared Grey, as part of the regulator's ongoing efforts to scrutinize the decentralized finance (DeFi) industry and cryptocurrencies. The news was announced in a blog post on the Sushi Forum.

Decentralized exchange Sushi and its head, Chef Jared Grey, revealed that the firm received a subpoena from the U.S. Securities and Exchange Commission (SEC). Although the reason for the subpoena was not disclosed, Grey noted that the company is cooperating with the regulator on ongoing investigations.

DeFi project Sushi and its main leader have been subpoenaed by the United States Securities and Exchange Commission (SEC), according to a forum post on March 21.

SushiSwap's CEO Jared Grey has proposed a $3 million legal defense fund to cover legal costs for core contributors after Sushi DAO and Grey were subpoenaed by the U.S. SEC.

The DAO said it would not be commenting on “ongoing legal investigations,” but its existing $100,000 defense fund was apparently not enough.

The Securities and Exchange Commission has served a subpoena on the Sushi DAO and its Head Chef Jared Grey. SEC after a DEX scalp The SEC is continuing its enforcement push on crypto, targeting some of the more important infrastructure in the crypto ecosystem.

Sushi's “head chef” has received a subpoena from the financial watchdog.

The price of SushiSwap's SUSHI token slipped by roughly 5% following an announcement made by Jared Grey, the decentralized finance (DeFi) platform's head chef.

What comes as a shocker for the crypto market, leading decentralized exchange (DEX), SushiSwap and its Head Chef Jared Grey, have been served with a subpoena by the U.S. SEC recently. The team is currently in the process of having discussions with the financial watchdog and has refrained from commenting publicly about the ongoing investigation.

In a governance proposal released Tuesday afternoon, the DEX said it hopes to sell 15% of its treasury to fund its legal defense efforts

Sushi DAO proposes a 3M USDT legal defense fund for core contributors to cover legal costs and ensure operational continuity.

The United States Securities and Exchanges Commission (SEC) has taken a swing at yet another crypto-entity. This time around the commission has issued a subpoena against SushiSwap – a decentralized exchange.