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Trading activity on the Arbitrum network increased and consequently led to an increase in user activity on the SushiSwap. Thus, no other DEX was able to outperform it.
Decentralized exchange SushiSwap has been able to recover an additional $600,000 in crypto stolen from users earlier this month.
SushiSwap faces the problem head-on as it begins the procedure to reimburse users affected by recent exploits. The protocol asked the Lido governance for help to recover some of the funds that were lost.
Barely three days after SushiSwap was exploited for $3.3 million, the protocol has come up with a reimbursement plan.
SushiSwap's Head Chef Jared Grey informed his community today that the compensation process for the users affected by last week's hack, will begin soon.
The SushiSwap team is helping the victims of its April 9 exploit recover their funds.
SushiSwap is now safe to use after attackers drained more than $3 million last weekend, the blockchain protocol said Wednesday. It is now preparing to return some of the stolen funds to affected users, though not all are expected to recoup their losses quickly.
DeFi trading protocol SushiSwap is preparing to launch a claims website for vested SUSHI tokens held in the protocol's Merkle Distributor contract, pending an audit, SushiSwap Head Chef Jared Grey said Wednesday on Discord.
SushiSwap has retrieved $186,000 worth of ETH from a hacker who drained over $3.3 million worth of ETH on April 9. The exchange has since then laid out plans of how affected users can claim lost funds.
SushiSwap has announced a commitment to reimburse all affected users after being hacked over the weekend. User funds were either “swept by whitehat security teams” or “lost to blackhat hackers,” according to the decentralized exchange.
SushiSwap — which suffered a hack over the weekend — has released a plan to return funds to all affected users. According to the decentralized exchange, user funds were either “swept by whitehat security teams” or “lost to blackhat hackers.
Funds residing in the white hat contract will be claimable via a Merkle Claim contract that the SushiSwap team is currently building.
Decentralized exchange SushiSwap [SUSHI] hasn't been at its best for a while now. The exchange had an even worse time over the last few days.
SushiSwap has revealed that it has managed to recover 100 ETH, worth around $186,000, following the exploit that took place over the weekend. SushiSwap was hit by hackers and ended up losing $3.3 million after one of its wallets was drained of funds.
Decentralized exchange (DEX) SushiSwap (SUSHI) has reportedly been hacked for 1,800 Ethereum (ETH) worth about $3.3 million at the time of the exploit.
The timing of the exploit could not be worse.
Over the weekend, SushiSwap suffered a major security breach when a bug in its RouterProcessor2 contract was exploited, leading to the theft of approximately $3.3 million worth of Ethereum (CRYPTO: ETH) from a user's wallet. PeckShield, a blockchain security and data analytics company, confirmed that the "approve-related bug" in the contract allowed the attacker to steal 1,800 ETH from the victim's wallet.
Exploiters found an approval bug in SushiSwap's Route Processor 2, draining the smart contract of $3.3 million in funds over the weekend.
In an exclusive interview with crypto.news, pseudonymous white-hat hacker known as Trust has shared crucial details regarding a recent hack that took advantage of a vulnerability in the RouteProcessor2 contract.
SushiSwap [SUSHI] recently fell victim to a white hat exploit, which resulted in a loss of millions of dollars worth of Ethereum [ETH]. For context, SushiSwap faced a router processor bug on 9 April 2023, causing a loss of nearly 1800 ETH, which was worth more than $3 million.
‘White hat' hackers are working to recover more of the stolen funds as of Monday.
A Twitter user called out SushiSwap and urged the platform to take steps to prevent incidents in the future.
On April 9, several security reports on Twitter revealed that a bug in a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to losses of over $3 million. According to CertiK Alert and Peckshield, blockchain security companies, the bug occurred in the approval function in Sushi's Router Processor 2 contract.
SushiSwap, a popular decentralized exchange, has experienced a major exploit, leading to the loss of over $3.3 million from one of its users. Let's break down the events and uncover the details of this security incident. It seems the @SushiSwap RouterProcessor2 contact has an approve-related bug, which leads to the loss of >$3.
