SushiSwap Miso Token Launchpad Security Breached, Hackers Steal $3m

Date:

One of the popular Decentralized Finance (DeFi) platforms SushiSwap has reported a breach of security. In an untoward event, it seems that hackers have been able to make away with a significant number of tokens which is estimated worth $3 million. 

Joseph Delong who is the Chief Technology Officer at SushiSwap has confirmed that a hacker allegedly breached the security protocol of the supply chain of their token launchpad platform MISO. He said that “an anonymous contractor with the GH handle AristoK3 injected malicious code into the Miso front end.” 

He explained that the hacker then replaced the auction wallet address with his own and stole 865 Ether (ETH) tokens. The value of these tokens is worth over $3 million.  Responding to the security breach, Delong has also said that they will “file an IC3 complaint with the FBI.” However, they are still expecting the hacker to return the funds, but if not they will make the complaint. 

Taking to twitterSushiSwap’s CTO Delong said that it had been the hardest day of his life. He also said: “We have asked @FTX_Official and @Binance to turn over the attackers KYC information, but they have resisted on this time-sensitive matter. The attacker(s) has done work with @Yearn and has approached many other projects. I urge you to check your own front ends for exploits.”

The hacks and breaches in the world of Decentralized Finance are not uncommon. Earlier, a cryptocurrency exchange Bilaxy also lost significant number of token to hackers.

Mike Litvinov
Mike Litvinov
Mike is our project manager who ensures everything is up to date on crypto update without fail every single day and every single time. He believes if he had not gotten into the analytics and management he would have had his ice-cream parlour where he would sell all flavours butterscotch at discounts higher than most token pre-sales can offer.

LEAVE A REPLY

Please enter your comment!
Please enter your name here


Share post:

Subscribe

Popular

More like this
Related

CLARITY Act Progress: 5 Powerful Reasons It’s Essential for Crypto Growth

The CLARITY Act has been a hot topic in...

Riot Platforms’ Amazing CFO Transformation: 5 Powerful Changes

Riot Platforms is set to undergo a significant transformation...

Crypto Predictions 2026: 10 Powerful Insights for an Amazing Year

As we look ahead to crypto predictions for 2026,...

Ethereum’s Amazing 1.02% Surge: Powerful Insights & Positive Outlook

Ethereum, one of the leading cryptocurrencies, has experienced an...