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

1 min read
Source: Cointelegraph
"SushiSwap Smart Contract Exploit Results in $3.3 Million Loss"
Photo: Cointelegraph
TL;DR

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.

Topics:businesscryptocurrency#bug#cryptocurrency#defi#recovery#security#sushiswap
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  1. SushiSwap approval bug leads to $3.3 million exploit  Cointelegraph
  2. Sushi DEX Approval Contract Exploited For $3.3M  CoinDesk
  3. SushiSwap token allocation exploit drains $3.3M as users urged to revoke token allowances  CryptoSlate
  4. SushiSwap Smart Contract Bug Exploited in $3.3 Million Theft  Decrypt
  5. SushiSwap: Router processor bug causes loss of millions, details inside  AMBCrypto News
  6. View Full Coverage on Google News

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