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In the wee hours of April 9, a bug in a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to losses amounting to over $3 million, according to security reports on Twitter from blockchain security firms CertiK Alert and Peckshield. It seems the @SushiSwap RouterProcessor2 contact has an approve-related bug, which leads to the loss of >$3.3M loss (about 1800 eth) from @0xSifu.
SushiSwap chef Jared Gray called users on social media to revoke the contract error approval of RouteProcessor 2 as soon as possible.
According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap's smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.
A smart contract bug in the popular decentralized exchange SushiSwap has led to the theft of about $3.3 million in Ethereum (ETH). According to the crypto analytics firm PeckShield, the bug is connected to the contract approval process and is related to an update that was implemented a few weeks ago.
In a recent fraud, the SushiSwap RouterProcessor2 contact has been discovered to have an approve-related bug. This flaw has resulted in the loss of over $3.3 million (roughly 1800 ETH) from 0xSifu.
The decentralized exchange says it's "all hands on deck" and that some of the funds have been recovered.
A white hat hacker found himself in a race against time and malicious bots after identifying a vulnerability in SushiSwap's RouterProcessor2 contract, losing over $3.3m
Jared Grey, head chef of Japan-based DAO, Sushi, stated that no one associated with Sushi has violated U.S. federal security laws in response to a subpoena from the SEC. Grey is cooperating with the SEC and stated that it is unknown whether further subpoenas will be issued to others linked with Sushi.
Only users who have traded on the decentralized exchange in the last four days are apparently affected.
SushiSwap was on April 9 hacked for more than $3.3m. It follows a bug in the approval system of the exchange's RouterProcessor2 contract on Ethereum
Decentralized exchange (DEX) SushiSwap is the latest victim of a DeFi exploit causing at least $3.3 million in losses for one user.
The funds were siphoned off a single user.
On 9 April, numerous reports surfaced about a bug in a SushiSwap [SUSHI] feature that had already caused the loss of millions of dollars. Jared Gray, the CEO of SushiSwap, later verified the report and outlined the necessary measures to rectify the situation.
In an ironic twist of fate, SushiSwap, the decentralized exchange that gained notoriety due to its founder's controversial token sale, has lost over $33 million in Ethereum due to a bug in its approval system.
Sushi DAO's head chef, Jared Grey, has released a statement addressing the subpoena served against himself and the protocol by the United States Securities and Exchange Commission (SEC).
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.
