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A protocol hack that facilitates the launch of new digital currencies on “SushiSwap” and the theft of more than 3 million dollars

A protocol hack that facilitates the launch of new digital currencies on “SushiSwap” and the theft of more than 3 million dollars

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Answer A protocol hack that facilitates the launch of new digital currencies on “SushiSwap” and the theft of more than 3 million dollars

A protocol running on “SushiSwap” called “MISO” was attacked on Thursday, with a hacker stealing 864.8 Ethereum, roughly $3 million at current prices.

As is well known, “SushiSwap” is one of the largest decentralized exchange (DEX) platforms in the world and a competitor to the “Uniswap” platform.

SushiSwap has more than $425 million in trading volume over the past 24 hours, according to Queen Gekko.

As shown on website For the project, MISO is a suite of open source smart contracts created to facilitate the launch of a new project in the SushiSwap trading platform.

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According to Joseph DeLong, CTO at SushiSwap, the MISO protocol fell victim to a so-called supply chain attack, which saw an unknown person log into GitHub, then inject malicious code into the front-end of the MISO platform and replace the auction wallet. with his own title.

The only auction that was tapped was the “JayPegsAutoMart” auction.

The attacker entered his own wallet address to replace the auction wallet.

Then all active auctions were corrected.

According to Ethereum blockchain explorer Etherscan, who identified the address shared by Delong as the address involved in the MISO exploit, the attack occurred at 12:04 pm ET on Thursday.

At 9:45 a.m. ET on Friday, Delong announced that all stolen money had been returned.

This is not the first time that MISO has encountered a similar problem.

Last month, samczsun, a security researcher at venture capital firm Paradigm, discovered a vulnerability while examining a smart contract token for the sale of digital currency BitDAO on the MISO platform.

The researcher said that the vulnerability could result in a loss of about $350 million.

The sale ended without any incidents, raising $365 million in the process.

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However, it required the BitDAO team to manually end the auction process to neutralize the potential threat.

MISO has accused one of the developers of the “Yearn Finance” project of being behind the attack.

According to user Delong, who reported on Twitter that SushiSwap had asked cryptocurrency exchanges FTX and Binance to share the attacker’s Know Your Customer (KYC) information.

The same user stated that “SushiSwap” ordered the company’s lawyer, “Steven Bally” to file a complaint with the FBI if the stolen funds were not returned by 8 am ET on Friday.

Read also:

Announcing the deadline to suspend 60 cryptocurrency exchanges in South Korea!

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