in

SushiSwap sees a $3 million supply chain attack against its MISO launchpad

Mid Post Ads


SushiSwap (SUSHI/USD) one of the most popular decentralized crypto exchanges, recently saw a supply chain attack that targeted its token launchpad, MISO. According to what is known, the attacker managed to change a smart contract address, putting down the one they own and control. As a result, the attacker managed to raise $3 million in ETH before the attack was discovered.

The move was a result of an exploit that saw the attacker drain $3 million in Ethereum (ETH/USD) coins from the Jay Pegs Auto Mart token auction contract that was active on the launchpad at the time of the attack. The details were shared by the project’s CTO, Joseph Delong, who spoke of it openly on Twitter this Friday, September 17th.

Sponsored Links


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

In total, the attacker managed to drain the platform of 864.8 ETH.

The attacker is allegedly already known

As some may already know, MISO is a permissionless token launchpad that was created within SushiSwap’s ecosystem. The platform is a part of the decentralized exchange, and it allows developers to hold token sales for their own DeFi protocols.

The incident, while unfortunate, did not affect any other project or auction before this, as Delong personally confirmed, as all other infected auctions were patched before the exploit could be used against them.

Delong further stressed that there is reason to believe that the party behind the attack is a Twitter user known as @eratos1122.

Delong also shared an Etherscan link to the wallet which is where the stolen coins are currently stored, and a document that shows a full paper trail of all transactions linked to the hacker’s address, as well as names, contact details, and social media accounts of those suspected to be involved.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

eToro

10/10

67% of retail CFD accounts lose money





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Cryptopolitan

Ethereum burning: 30k coins worth over 1bn taken out of circulation

Who’s coming with me to El Salvador, the crypto tax heaven?