September 21, 2023

Hackers withdrew $3.3 million from the SushiSwap exchange

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Hackers withdrew $3.3 million from the SushiSwap exchange

Decentralized exchange SushiSwap has been hacked. Hackers withdrew more than $3.3 million using a vulnerability in the RouteProcessor2 smart contract for trade routing.

SushiSwap CEO Jared GrayGray tweeted that the company is "working with security teams to fix the issue." He later wrote that the smart contract has been removed and users can 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 the Layer 2 Arbitrum have approved the troubled smart contract. The price of governance token Sushi fell 0.6% in an hour after the hack was reported.

Recall that in March SushiSwap and its leaderreceived a subpoena from the US Securities and Exchange Commission (SEC). Gray said in December that the project was running out of reserve capital to support operations and development.