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$3.3M in ETH Drained From SushiSwap Approval Contract

The funds were siphoned off a single user.
Jordan Lyanchev
By Jordan Lyanchev

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.

  • 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.

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Tags:
ETH Hacking SushiSwap
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About the author

Jordan Lyanchev
Jordan Lyanchev
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Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.