Crypto News

SushiSwap to Make Exploit Victims Whole

SushiSwap, the Ethereum-based decentralized exchange, has announced a plan to recover funds lost in last week’s attack. Users affected by the protocol’s attack will be able to recover their stolen funds. It is unclear how much was taken in the attack, but SushiSwap has encouraged users to revoke protocol approvals as good security practice. Users whose funds were siphoned by attackers will need to submit an email to the SushiSwap security team, including transaction IDs and blockchain data for the lost funds. A manual verification of the data will be necessary, which may delay the process. SushiSwap has indicated that its goal is to return all user funds to legitimate claimants. The exchange’s development team is currently building a Merkle Claim contract that users can connect to their wallets to receive their funds. At least 1,800 ETH, worth over $3.3 million at the time of the exploit, was stolen from a single SushiSwap user.

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