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Sushiswap

All articles tagged with #sushiswap

cryptocurrency2 years ago

SushiSwap Recovers Millions After Smart Contract Exploit

SushiSwap has recovered $186,000 worth of ether (ETH) that a hacker drained from one of its users’ wallets following a $3.3 million exploit this weekend, according to a Sunday tweet from blockchain security firm Blocksec. The attack exploited a vulnerability in the 'RouterProcessor2' contract, which is used to conduct trade routing on the SushiSwap exchange. SushiSwap lead developer Jared Grey said on Sunday that the protocol is working on a retrieval plan to secure the stolen funds and make affected users whole.

via CoinDesk|
#blockchain-security#cryptocurrency#decentralized-finance
cryptocurrency2 years ago

SushiSwap Smart Contract Exploit Results in $3.3 Million Losses

A bug in SushiSwap's RouterProcessor2 contract was exploited to steal about $3.3 million worth of Ethereum from a single user's account. The flaw was the failure to validate access permissions halfway through a swap transaction. SushiSwap's CTO confirmed the bug and said that several rescues have been initiated, and they are continuing to monitor and rescue funds as they become available. Despite the hack, the price of SushiSwap's SUSHI token has dipped only slightly in the past 24 hours.

via Decrypt|
#bug#cryptocurrency#cybersecurity
cryptocurrency2 years ago

"SushiSwap Smart Contract Exploit Results in $3.3 Million Loss"

A bug in SushiSwap's Router Processor 2 contract led to losses of over $3 million due to an approval function issue. Only users who traded on the decentralized exchange in the last four days are affected. SushiSwap's head developer urged users to revoke permissions for all contracts on the protocol, and a list of contracts requiring revocation has been created. A "large portion of affected funds" has been recovered through a whitehat security process. The incident comes after SushiSwap's community faced a subpoena from the SEC, which the head developer claims to be cooperating with.

via Cointelegraph|
#bug#cryptocurrency#defi