Hacker returns 865 ETH stolen from Sushi’s token launch platform MISO | CryptoSlate

CryptoSlate

SushiSwap‘s token launch platform MISO suffered a supply chain attack yesterday that drained 864.8 ETH from the ‘Jay Pegs Auto Mart’ token auction contract.

The exploit was first identified by Sushi’s CTO Joseph Delong on September 17th, who tweeted out a link to the transaction that drained the funds from the protocol.

How To Get Free Crypto  

A stressful day for Sushi and MISO ends well for token holders

According to Delong, an anonymous contractor managed to inject malicious code into the MISO front end, replacing the original contract for the Jay pegs Auto Mart token auction with a personal Ethereum address. A total of 864.8 ETH has been transferred to the address, but no other auctions have been affected by the exploit.

In a series of since-deleted tweets, Delong said that Sushi had “reasons to believe” the attacker was eratos1122, a pseudonymous developer who worked with Sushi and other DeFi projects such as Yearn.Finance. He shared a document showing a trail of transactions linked to the hacker’s original address, some of which have been funded by Binance and FTX.

An ultimatum was posted alongside the document threatening the hacker with legal action if the funds weren’t promptly returned.

Just a couple of hours later, the hacker returned 865 ETH to the original MISO contract. Data from Etherscan showed that the hacker’s address was almost completely empty, with Delong himself confirming the news on Twitter.

In the hours since the funds have been returned, it still hasn’t become clear who the attacker was. Delong’s original tweets where he accused the former MISO developer have been deleted. The person he accused of theft threatened to release some of the MISO code he was working on if he didn’t receive an apology from Sushi and Delong. And while many saw this as a clear sign of his involvement with the incident, neither Sushi nor any of its founders have issued further comments on the issue.

Coinbase Banner  

Many members of the crypto community criticized Sushi and Delong for their handling of the situation. With the protocol mostly built by anonymous developers, pointing fingers and doxxing without a proper investigation has put a dent into Sushi’s reputation.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Posted In: Hacks, NFTs

Like what you see? Subscribe for updates.

Go to Source
Author: Andjela Radmilac


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.