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$3.3M in ETH Drained From SushiSwap Approval Contract

AA News - Jordan Lyanchev 2023-04-09 18:45

The blockchain security resource PeckShield was the first to inform about the exploit against SushiSwap’s approval contract.

According to the firm, all 1,800 ETH (worth about $3.3 million) were drained from a single user – @0xsifu.

  • The “RouterProcessor2” contract in question is used to execute trade routing on the popular decentralized exchange.

It seems the @SushiSwap RouterProcessor2 contact has an approve-related bug, which leads to the loss of >$3.3M loss (about 1800 eth) from @0xSifu.

If you have approved, please *REVOKE* ASAP!

One example hack tx:

— PeckShield Inc. (@peckshield) April 9, 2023

  • Jared Grey, SushiSwap’s head developer, also weighed in on the matter, outlining the “approval bug” and advising users to revoke the approval as soon as possible.
  • Additionally, Grey tried to caution the community by noting that the team behind the DEX is working on finding a proper solution.

Sushi’s RouteProcessor2 contract has an approval bug; please revoke approval ASAP. We’re working with security teams to mitigate the issue.

— Jared Grey (@jaredgrey) April 9, 2023

The post $3.3M in ETH Drained From SushiSwap Approval Contract appeared first on CryptoPotato.