April 26, 2024
Safety

Hackers withdrew $3.3 million from the SushiSwap exchange

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Hackers withdrew $3.3 million from the SushiSwap exchange

The decentralized exchange SushiSwap was hacked. Hackers withdrew more than $3.3 million using a vulnerability in the RouteProcessor2 smart contract for routing trade.

SushiSwap CEO Jared GrayJared Gray tweeted that the company was "working with security teams to resolve the issue." He later wrote that the smart contract had been removed and users could trade on the platform again.

After the first mention of the attack, manyusers said they were affected by the attack. According to reports, 190 Ethereum addresses and 2,000 addresses on Layer 2 Arbitrum have approved the problematic smart contract. The price of Sushi's governance token fell 0.6% in the hour after the hack was reported.

Let us remind you that in March SushiSwap and itsexecutives received a subpoena from the US Securities and Exchange Commission (SEC). In December, Gray said the project was running out of capital reserves to maintain operations and development.

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