$3.3M in ETH Drained From SushiSwap Approval Contract

$3.3M in ETH Drained From SushiSwap Approval Contract

Time Stamp: April 9, 2023 6:30 AM
Source Node: 2052894

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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