DeFi Protocol SushiSwap Exploited For Up to $15,000

DeFi protocol SushiSwap was exploited for between $10,000 and $15,000. However, Reports from the SushiSwap Discord channel indicates that it has resolved the exploit and will cover all lost user funds.

November 30, 2020 | AtoZ Markets – The SushiSwap team discovered and fixed the vulnerability after an attacker withdrew between $10,000 to $15,000 from the decentralized protocol. The developer of the 0xMaki project spoke about the exploit.

The developer explained the small amount of damage by the fact that the attack consisted of stealing commission income. Their daily size does not exceed $20,000- $30,000.

The attacker carried out the first microtransaction two or three days ago. However, on November 29, he put them on stream. 0xMaki, in a conversation with the Rekr platform, noted that it took about four hours to find and fix the vulnerability.

SushiSwap will cover all lost user funds

SushiSwap will reimburse the damage from the project fund. According to the developer, the organizer of the attack deserved the stolen funds as a reward for identifying the problem.

As a reminder, a double-spend bug was revealed in the SushiSwap control mechanism in September.

Previously, experts discovered ten vulnerabilities in the protocol, one of which could lead to the transfer of funds to any address.

On November 13, AtoZ Markets reported that DeFi platform Akropolis was hacked. As a result, a stable coin DAI worth 2 million dollars were drained from several of the pools within the project’s Delphi Savings pool for yield farming.

Think we missed something? Let us know in the comment section below.

    Share Your Opinion, Write a Comment