Decentralized exchange SushiSwap has fallen victim to an exploit, which led to the loss of more than $3.3 million from at least one user, known as 0xSifu on Twitter.

April 9 (Cointime) - PeckShield has reported that the exploited RouteProcess02 contract has been deployed in multiple chains. To protect their funds, SushiSwap users are urged to immediately revoke permissions from the following addresses:

Sushi Swap users are urged to take immediate action and revoke their addresses as soon as possible to protect their funds.

The bug is related to the approve function within the RouterProcess2 contract, which is a critical component for authorizing token transactions within the SushiSwap ecosystem.

April 9 (Cointime) - PeckShield has reported a bug in the SushiSwap RouterProcess2 contract, which has caused a loss of over $3.3 million (around 1900 ETH) for the decentralized finance (DeFi) platform 0xSifu. 

Although associated with the DeFi movement, SushiSwap’s [SUSHI] recent escapades have reeked of adversity with the U.S. SEC knocking on its doors.

Between 21 March and the time of writing, activities on the SushiSwap [SUSHI] protocol remained increasingly steadfast. Surprisingly, this has been the case despite a recent revelation that the Automated Market Maker (AMM) could face the wrath of the ever-lurking SEC.

SushiSwap Head Chef Jared Grey said the protocol increased its Treasury holdings to about $30.6 million with a burn rate of around $5 million per annum.

Sushi, the developer of the SushiSwap decentralized exchange, plans to release a decentralized derivatives exchange called Vortex on the Sei blockchain in the Cosmos ecosystem.

Jared Grey, the CEO of SushiSwap, recently announced the relabeling of Sushi Labs. Now called Sushi Studios, the framework will perform the same duties while addressing its existing issues.

SushiSwap is making good on its January promises to launch a derivatives trading platform. But instead of building it from scratch, it’s gone out and bought one.The popular Ethereum-based decentralized exchange (DEX) announced the acquisition of Vortex Protocol today for an undisclosed amount.

Decentralized exchange Sushiswap is launching a decentralized perpetual futures exchange on the Sei Network, “Head Chef” Jared Grey said at a conference in Miami.

SushiSwap, the sixth-largest decentralized exchange (DEX) by 24 hours trading volume, has passed a proposal to relocate 100% of its trading fees to the SushiSwap treasury for maintenance and expenses.

According to a governance proposal passed on Jan. 23, decentralized exchange (DEX) SushiSwap will soon redirect 100% of trading fees on the platform to its treasury for operations and maintenance for one year's duration. The move came after CEO Jared Grey warned that the exchange "only has 1.5 years of treasury runway left," even after slashing annual operating expenses from $9 million to $5 million amids the ongoing crypto winter. 

Sushi DAO is set to implement a governance action that will see all fees generated by the SushiSwap decentralized exchange diverted to the DAO’s treasury, following the results of its latest vote on Monday.

On 17 January, SushiSwap [SUSHI] announced its plans for the future. These plans included improving the ecosystem by supporting independent NFT collections and launching their aggregator routers. The developments could help the current state of the exchange and boost the declining number of users in its protocol.

Leading decentralized exchange (DEX) platform SushiSwap is looking to increase its market share by 10x with the proposed launch of its DEX aggregator router and decentralized incubator in the first quarter of 2023.

Just a month after warning of a "significant deficit" in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform which it says is intended to "10x" its market share in 2023. Sushi CEO Jared Grey laid out the plans for the decentralized finance (DeFi) platform in a Jan. 16 Medium post saying it will focus on its product stack in line with prior plans to make Sushi more sustainable, "Sushi commands ~2% of the AMM market & 0% of the aggregation market. By executing our vision, we intend to 10x our market share in 2023." (Cointelegraph)

In a 2 January development, SushiSwap’s [SUSHI] CTO stated that they would be abandoning their lending protocol, Kashi, in Q1. They would also halt additional developments on their token launchpad, MISO.

SushiSwap, a notable decentralized exchange, has announced plans to deprecate two of its offerings — the Kashi lending platform and MISO token launchpad — its chief technology officer, Matthew Lilley, noted.