• PeckShield reported that a bug in the Sushi Swap system resulted in a $3.3M loss.
• Users are advised to revoke approvals as the bug affected multiple chains.
• BlockSec blocked an attack transaction and rescued $180k Ether.

PeckShield, a blockchain security and data analytics company, has revealed that a bug in the approval system of SushiSwap’s RouterProcessor2 contract has led to the loss of more than 1,800 Ethereum tokens worth over $3.3 million.

The security firm noted that the hack affected several chains the exploited contract deployed, including Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom. It listed the affected addresses and advised users to revoke contract approvals immediately.

Notably, Jared Grey, the Head Chef at Sushi Swap, acknowledged the issue and stated that the firm was working with security…

The post SushiSwap Loses Over $3.3M in Ethereum Due to Approval System Bug appeared first on Coin Edition.

• PeckShield reported that a bug in the Sushi Swap system resulted in a $3.3M loss.
• Users are advised to revoke approvals as the bug affected multiple chains.
• BlockSec blocked an attack transaction and rescued $180k Ether.

PeckShield, a blockchain security and data analytics company, has revealed that a bug in the approval system of SushiSwap’s RouterProcessor2 contract has led to the loss of more than 1,800 Ethereum tokens worth over $3.3 million.

The security firm noted that the hack affected several chains the exploited contract deployed, including Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom. It listed the affected addresses and advised users to revoke contract approvals immediately.

Notably, Jared Grey, the Head Chef at Sushi Swap, acknowledged the issue and stated that the firm was working with security…

The post SushiSwap Loses Over $3.3M in Ethereum Due to Approval System Bug appeared first on Coin Edition.