According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex […]
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Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry,” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO.
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SushiSwap’s roadmap for the coming year includes the development of a DEX aggregator, a decentralized incubator, and “several stealth projects.”
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“Ultimately, we must harden the business model to produce more swap volumes & generate more fees,” wrote CEO Jared Grey.
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The DEX’s operating expenses currently amount to $5 million per year.
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