As token price rises and reputation mends, Sushiswap foils midnight exploit

As exploits and hacks run rampant across the DeFi ecosystem, at least one project appears to have fended off the worst of an attack — the once-maligned “vampire” AMM (automated market maker) exchange Sushiswap. Observers noticed last night that Sushiswap — which got its start leeching liquidity from rival AMM Uniswap — was experiencing an exploit, and that anonymous head developer 0xMaki was taking steps to mitigate it: Reports from the Sushiswap Discord channel now indicate that the exploit has been resolved, and that all lost user funds (between $10,000 and $15,000) will be covered by the Sushiswap treasury.

To gain a better understanding of the exploit and what it means for Sushiswap, Cointelegraph spoke to one of the smart contract engineers that 0xMaki personally thanked on Twitter for helping to mitigate its effects: self-described “DeFi degen” and solidity developer ‘andy.’ The affected contracts were patched within hours, and according to 0xMaki the auditing firm Peckshield will be reviewing the changes Adding a layer of intrigue to the exploit is that 0xMaki and the Sushiswap team attempted to communicate with the exploiter as they searched to find a solution, sending a short message to the exploiters address: “I see you, we are working on fixing it.

Read in Full:

More News