Sushiswap (SUSHI) and BakerySwap (BAKE) projects were highly criticized for their involvement in the increasingly fiasco "food meme" rush and for their creators remain anonymous. OKEx CEO Jay Hao commenting on his Twitter account about Binance's BAKE and SUSHI listings and harsh on BINANCE CEO Changpeng Zhao.
CEO Jay Hao started his comments by warning them to be careful about yield farming with Binance Smart Chain. Claiming that Binance Smart Chain is not decentralized, Hao said that Bakery Swap (BAKE), built on Binance Smart Chain, collapsed just 12 hours after its launch, causing huge losses for many investors.
Hao argued that such losses were the result of blind trust in the Binance exchange. Criticizing Binance's listing of SUSHI right after the BAKE bubble, OKEx CEO condemned Binance for his irresponsible behavior, which damaged the trust of the cryptocurrency community and caused DeFi to regress.
