How A Whitehat Hacker Saved 109K ETH On SushiSwap-Based Contract
White hat hacker Samczsun from investment firm Paradigm reported what could be one of the biggest rescues ever on the SushiSwap protocol, the Ethereum ecosystem, and maybe the entire internet. Just pulled off maybe the biggest whitehat rescue ever. Story time soon 🔥 — samczsun (@samczsun) August 17, 2021 Samczun claimed in a post that he found and help patch a vulnerability that was threatening over $350 million or 109,000 ETH from a Sushiswap based contract from its MISO platform. The white hacker reviewed the contract after he found there was a new auction taking place on the....
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Decentralized exchange (DEX) running on multiple networks, SushiSwap (SUSHI) currently moves in tandem with the general sentiment in the market. The token approached the $4 price point but started trending to the downside as Bitcoin was rejected above $45,000. Related Reading | How A Whitehat Hacker Saved 109K ETH On SushiSwap-Based Contract As of press time, SushiSwap trades at $3.5 with a 1.5% loss in the last 24-hours. SUSHI holders could benefit from a long-term bullish trend. Recently, developer 0xMaki shared a proposal to integrate SushiSwap with LayerZero via their first....
The security researcher found a flaw in a dutch auction smart contract that could have resulted in the loss of 109,000 ETH. The SushiSwap decentralized exchange has narrowly avoided becoming the latest DeFi hack victim thanks to assistance from a white hat hacker.A security researcher from venture capital firm Paradigm known on Twitter as “samczsun” has managed to save SushiSwap and its MISO platform from a potential loss of as much as 109,000 ETH.In a blog post published on Aug. 17, the programmer described how he began examining the smart contract code for the BitDAO token sale at....
A bumper payout for identifying a critical bug in a smart contract caused increased confidence in the ArmorFi platform and a 100%+ token pump. A whitehat hacker has seen what was already one of the largest smart contract-related bug bounties ever awarded more than double, after the ARMOR token price pumped following the announcement of his reward.On Feb. 3 ArmorFi announced that Alexander Schlindwein of Idea Markets had identified a critical bug in its smart contracts before the insurance brokerage platform went live.If left unpatched, the bug would have allowed a bad actor with just one....
The DeFi exchange SushiSwap would have joined the many projects that lost millions to the dubious activities of online hackers. For instance, Poly network lost $600 million in a similar hack one week ago. The good news is that the miscreants have returned many of the assets. It could have been a terrible blow if Sushiswap followed suit with a $350 million loss after Poly Network. Luckily, a white-hat hacker saved the day for the firm. Samczsun, a Paradigm research partner shared the report. According to him, the investigation on the smart contract code for the “BitDAO token sale” started....
The top 10 white hats in Immunefi's community have generated over $42 million in total earnings since 2020 by disclosing critical vulnerabilities. Bug bounty platform Immunefi has released its Whitehat Leaderboard — a scoring system that showcases the top 20 most elite white hats in Web3. The rank will measure a given white hat's skills and status amid Immunefi's security community, said the company at the Web Summit on Nov 4. A white hat hacker is someone who identifies security vulnerabilities by testing an organization's information technology security. In Immunefi's community, the top....