SushiSwap Confirmed That Over 300 ETH Of Sifu’s Stolen Funds Were Recovered

Key Points:

• On social media, SushiSwap chef Jared Gray urged users to immediately revoke RouteProcessor 2’s contract error approval and disclosed that recovery work is ongoing.
• The team has confirmed that CoffeeBabe had received more than 300 ETH of Sifu’s stolen funds and is in contact with the Lido team regarding 700 ETH.
• P2P Validator affirms that its LidoFinance validator just got a 689 ETH MEV grant whose payouts are connected to the latest Sushi exploit.

Jared Gray, a chef at SushiSwap, has once more made a social media appeal to immediately revoke RouteProcessor 2’s contract error approval.

Gray added that recovery efforts are currently underway, that the majority of the affected funds have been safeguarded by means of the white hat security procedure, and that users can get in touch with the SushiSwap security team.

SushiSwap has checked that very nearly 300 ETH of Sifu’s taken resources have been recuperated through CoffeeBabe, and is in correspondence with the Lido group about the leftover 700 ETH.

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Lee was the chief product officer of MobileCoin, the company behind the cryptocurrency of the same name that prioritizes privacy.

In addition, SushiSwap CTO Matthew Lilley stated on social media that there is no risk in the SushiSwap user interface and protocol, that all RouterProcessor2 contract issues have been removed from the front end, that all LPing and current exchange activities can be carried out safely, and that SushiSwap will continue to monitor when funds are available and rescue funds using the white hat rescue address.

The fact that P2P Validator’s LidoFinance validator recently received a 689 ETH MEV award is confirmed. The most recent Sushi exploit is connected to these MEV payouts.

That’s what P2P Validator adds, similar to some other Lido validator, P2P didn’t get or deal with the honors since they went to the Lido rewards vault, and the group is in conversations with the Lido and Sushi groups to concentrate on the issue and look for potential cures.

SushiSwap was exploited, costing at least one user more than $3.3 million, Godleak reported. A RouterProcessor2 contract approval flaw is used in the exploit. People who switched in the last four days may be affected. The creator of DefiLlama also made a website to check addresses affected by the SushiSwap attack.