Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered – Defi Bitcoin News

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Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered – Defi Bitcoin News
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A bug introduced to the decentralized exchange (dex) protocol Sushiswap's smart contract has resulted in more than $3 million in losses.

Sifu may not have been the only victim, as Certik’s alert mentions that a few USDC users may have been affected. “We have detected suspicious activity on [0x15d], which is a malicious router,” Certik. “Revoke permissions if you have approved this router to spend your tokens. Stay safe. Multiple users who had approved the malicious contract have seen their USDC being transferred to [0x29e].

The wallet has taken about $20,000 in the last two hours,” the companyA developer known as 0xngmi has detailed that the exploit should only be problematic for those who used Sushiswap during the last four days. “Only users impacted by Sushiswap hack should be those that swapped on Sushiswap in the last 4 days. If you did so, revert approvals ASAP or move your funds in the affected wallet to a new wallet,” 0xngmi tweeted.

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