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Today SushiSwap refunded community members impacted by the approval bug

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by COINS NEWS 116 Views

Earlier this month, it was discovered that an approval bug on the SushiSwap protocol had been exploited to steal 1800 ETH:

https://cointelegraph.com/news/sushiswap-approval-bug-leads-to-3-3-million-exploit

This bug also impacted moon holders. A bad actor created this malicious contract to steal moons:

https://nova-explorer.arbitrum.io/address/0x04FE41C2aD4dFAEeAf8b59A1F72917cCB7D7a164/token-transfers#address-tabs

Three members had their moons stolen by this particular contract, with losses of:

  • 40,000 moons
  • 13,073 moons
  • 3,300 moons

Today, SushiSwap refunded the USDC equivalent on the day of the exploit, roughly 0.25 USDC per moon.

This means the victim who lost 40,000 moons received 10,000 USDC:

https://nova-explorer.arbitrum.io/tx/0x315915afebc660f2516a68e402eacd411162f48e48948872ba75c39c0e6e2e2d

https://i.imgur.com/XWoKqzP.jpg

The victim who lost 13,073 moons received 3,268 USDC:

https://nova-explorer.arbitrum.io/tx/0xeff494c78c85f4614e23e0d74a9ff27d2650565b449aa3f37fceac268a59eef9

https://i.imgur.com/j4v6fia.jpg

I think the team at Sushi deserves some praise here. They immediately acknowledged the bug was their fault and began making victims whole once they could verify the legitimacy of individual claims.

submitted by /u/zoomercoomer9000
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