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Sushi Swap

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

The new liquidity pools aim to help users reduce financial risks and increase their profits across networks.

Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains

Uniswap

Changes to the protocol's “Chef” contracts are intended to make it more decentralized and secure.

SushiSwap to Propose Tokenomics Changes to Promote Uniswap v3 Adoption

DeFi trading protocol SushiSwap is preparing to launch a claims website for vested SUSHI tokens held in the protocol's Merkle Distributor contract, pending an audit, SushiSwap Head Chef Jared Grey said Wednesday on Discord.

SushiSwap to Launch Claims Website for Vested SUSHI Tokens

Funds residing in the white hat contract will be claimable via a Merkle Claim contract that the SushiSwap team is currently building.

SushiSwap to return stolen funds following weekend hack

Decentralized exchange (DEX) SushiSwap (SUSHI) has reportedly been hacked for 1,800 Ethereum (ETH) worth about $3.3 million at the time of the exploit.

SUSHI Recovers After Exploit Triggers Millions in Losses

Ethereum

Over the weekend, SushiSwap suffered a major security breach when a bug in its RouterProcessor2 contract was exploited, leading to the theft of approximately $3.3 million worth of Ethereum (CRYPTO: ETH) from a user's wallet. PeckShield, a blockchain security and data analytics company, confirmed that the "approve-related bug" in the contract allowed the attacker to steal 1,800 ETH from the victim's wallet.

SushiSwap: A Recipe For Disaster? Over $3M Worth Of Ethereum Stolen In Latest Exploit

‘White hat' hackers are working to recover more of the stolen funds as of Monday.

Sushi DEX Recovers 100 Ether After Millions Lost on Weekend Exploit

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.

Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered

A smart contract bug in the popular decentralized exchange SushiSwap has led to the theft of about $3.3 million in Ethereum (ETH). According to the crypto analytics firm PeckShield, the bug is connected to the contract approval process and is related to an update that was implemented a few weeks ago.

Crypto Exchange SushiSwap Exploited – Here's How to Ensure Your Funds Are Safe

The decentralized exchange says it's "all hands on deck" and that some of the funds have been recovered.

SushiSwap Smart Contract Bug Exploited in $3.3 Million Theft

Developers asked users to revoke contracts as a security measure early Sunday.

Sushi DEX Approval Contract Exploited For $3.3M

The exploit involves the RouterProcessor2 contract — which PeckShield and SushiSwap Head Chef Jared Grey recommend revoking on all chains.

SushiSwap hacked, Head Chef says ‘revoke all chains'

Sushi Swap Head Chef Jared Grey fielded questions from his community about an SEC subpoena he received during a Thursday call.

Sushi Swap CEO Says He No Longer Feels 'Inspired' Amid U.S. Regulators' Crypto Crackdown

An Ethereum-based altcoin has outperformed most of the crypto markets over the last week as the founders of bankrupt hedge fund Three Arrows Capital (3AC) gear up to launch their own exchange.

Native Token for New Crypto Exchange Launched by 3AC Founders Goes Parabolic After Being Listed on SushiSwap

Long-term holders of one Ethereum (ETH)-based decentralized finance (DeFi) altcoin are taking a step back from their investments, according to crypto analytics firm Santiment. In a new report, Santiment says that SushiSwap's (SUSHI) total value locked (TVL) has witnessed a massive 93% decline since November of 2021.

Long-Term Holders Are Moving Away From One Ethereum DeFi Altcoin, Says Analytics Firm Santiment

Much of the asset manager's Sushi trove was deposited at Binance in the last 24 hours.

Asset Manager GoldenTree Moves $5M of SUSHI, Sparking Fear It's Exiting

Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against the organization and its members.

Sushi DAO to Set up Defense Legal Defense Fund; Project Receives Unspecified US SEC Subpoena

Sushi's “head chef” has received a subpoena from the financial watchdog.

SushiSwap Subpoenaed by SEC, Proposes Legal Defense Fund to Sushi DAO

Following a recent governance proposal, SushiSwap is rolling out a new rewards program in partnership with r/CryptoCurrency.

Cryptocurrency Subreddit Launches New MOON Token Pool on SushiSwap

Vortex will support on-chain, peer-to-peer derivatives trading.

Sushi plans derivatives exchange on Sei blockchain for second quarter

Cosmos

The acquisition of Vortex Protocol also means SushiSwap will be rolling out its services on Cosmos in Q2 this year.

SushiSwap Acquires Cosmos-Based Trading Platform Vortex Protocol

Bitcoin

A widely followed crypto trader says Bitcoin's (BTC) current value of $23,571 offers potential promise for the future. Pseudonymous crypto analyst Rekt Capital tells their 334,500 Twitter followers that BTC's weekly close over $23,400 is a promising sign for the king crypto.

Top Crypto Analyst Sees Volatility in Store for Bitcoin, Zooms Out on One Popular Ethereum-Based DEX Token

Sushiswap passed a proposal to revamp its tokenomics this week and the new exchange could have an impact on its native token sushi.

Sushiswap to launch a perp dex on Sei Network, ‘Head Chef' Says

Decentralized exchange (DEX) Sushiswap (SUSHI) hopes to grow its market share tenfold in 2023, according to Jared Grey, the project's CEO. Grey says in a new blog post that Sushiswap plans to release its new DEX aggregation router in the first quarter of the year, a move he thinks will increase the project's swap volumes.

Crypto DEX Sushi Could Explode 900% in Market Dominance This Year, Says CEO – Here's Why

The popular decentralized exchange has announced plans to deprecate its lending protocol Kashi, and its token launchpad Miso.

News for Sushi Swap Crypto (SUSHI)