SushiSwap denies reports of billion dollar bug
Claims by a self professed white-hat hacker about a major security risk to SushiSwap liquidity providers have been rejected by one of the exchange’s devs. The developer behind popular decentralized exchange SushiSwap has rejected a purported vulnerability reported by a white-hat hacker snooping through their smart contracts.According to media reports, the hacker claimed to have identified a vulnerability that could place more than $1 billion worth of user funds under threats, stating they went public with the information after attempts to reach out to SushiSwap’s developers resulted in....
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The price of SUSHI, the governance token of SushiSwap, has increased by 73% in the last four days, as fundamentals strengthen. SUSHI, the native token of SushiSwap, rallied by 73% in the past four days. However, some investors believe the DeFi token may still have a lot more room to run.SushiSwap is an automated market maker (AMM) that allows users to trade cryptocurrencies in a decentralized manner on the Ethereum blockchain.SUSHI/USDT 15-minute price chart (Binance). Source: TradingView.comWhy is SUSHI undervalued at $2 billion?The market cap of SUSHI achieved $2 billion as its price....
Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago. Major stablecoin issuer Tether has reiterated that the company plans to completely rid itself of commercial paper backing for its U.S.-dollar stablecoin USDT.In a blog post on Wednesday, Tether said it “holds no Chinese commercial paper as of today,” while its total commercial paper exposure has been cut to $3.7 billion from $30 billion one year ago.By late August 2022, Tether said it plans to decrease commercial paper exposure to as low as $200 million, targeting zero....
Traders and investors in SushiSwap face a unique conundrum as optimistic and bearish signals battle for control of the market. The recent inclusion of SushiSwap on Boba Network may account for the increased number of whale sightings on the site. Even while this points to a strengthening bullish market for SushiSwap, the TVL numbers act as a counterpoint to the recent events. As reported by DeFiLlama, Sushi’s TVL numbers fell on November 3 but have since risen, reversing the monthly decline. The listings and whale sightings are exciting, but how will Sushi do in November and, if at....
The cost to purchase one SushiSwap governance token surged by more than 15 percent in the last 24 hours. Dubbed as SUSHI, the cryptocurrency established a weekly high near $2.74 on Monday following a dramatic move upside. So it appears, traders flocked into the SushiSwap market as SUSHI was trading near a level that previously […]
The Uniswap rival manages to fend off an attack in a matter of hours. 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:Possible @SushiSwap exploit found? @0xMaki sends exploiter a tx with a message to collect bug bounty.....