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A critical vulnerability has been identified in the DeFi protocol Sushi's exchange services, with the exploit involving the ‘RouterProcessor2' contract used for trade routing on the SushiSwap exchange. The bug, first flagged by security firm PeckShield, has resulted in a loss of over $3.
Developers asked users to revoke contracts as a security measure early Sunday.
The exploit involves the RouterProcessor2 contract — which PeckShield and SushiSwap Head Chef Jared Grey recommend revoking on all chains.
Sushi's head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry,” that doesn't suggest the SEC has “any negative opinion of any person, entity or asset" related to the DAO.
Sushi Head Chef Jared Grey's statement on the SEC's non-public investigation into Sushi's compliance with federal securities laws. Grey can only produce documents in his possession, custody, or control.
The CEO of SushiSwap [SUSHI], Jared Grey, divulged details about a major upgrade related to the decentralized exchange (DEX) on 7 April.
In a series of tweets today, SushiSwap's "head chef" revealed that the project recently deployed concentrated liquidity and Version 3 contracts ahead of the official announcement. The tweets also provided insight into how SushiSwap intends to leverage its multi-network and cross-chain infrastructure to boost the adoption of its platform across nearly 30 networks, with more integrations in the pipeline.
According to comments he made during the protocol's ask-me-anything call on Thursday, Sushi Swap Head Chef Jared Grey is no longer feeling “inspired” after a wave of regulatory crackdowns on crypto exchanges, including the decentralized exchange (DEX) he manages, has put immense pressure on the crypto industry.
Sushi Swap Head Chef Jared Grey has expressed his disillusionment with the state of the crypto industry as regulatory crackdowns, including actions against the decentralized exchange (DEX) he manages, have intensified.Grey spoke about his feelings towards U.S. regulators and the industry during a recent ask-me-anything call on Discord. Grey shares: "It really feels like over this last cycle that the majority of that feeling [of excitement] is gone now.
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.
