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SushiSwap Contract Loses Over $3.3 Million Due to Bug

PeckShield has reported that the SushiSwap RouterProcessor2 contract contains a bug related to approvals, resulting in a loss of over $3.3 million (about 1800 eth) from the 0xSifu wallet. This incident highlights the importance of smart contract security in the DeFi space. https://twitter.com/peckshield/status/1644925384709009413 The Vulnerability The vulnerability in the SushiSwap RouterProcessor2 contract allowed attackers to exploit a weakness in the approval function, allowing them to transfer tokens out of the 0xSifu wallet. This type of…

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sushiswap
In Crypto News

CEO Say He is no longer “inspired” to work on SushiSwap

The Securities and Exchange Commission (SEC) has issued a subpoena to SushiSwap, a popular decentralized finance (DeFi) exchange, and its CEO Jared Grey as part of its ongoing regulatory crackdown on the crypto industry. The SEC is investigating whether SushiSwap and Grey violated securities laws and misled investors about the platform’s operations and profitability. SushiSwap is a decentralized exchange that enables users to trade cryptocurrencies without the need for a central authority. The platform has…

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