Sushi has announced its partnership with Transak to integrate its fiat on-ramp into the Sushi app.

As more crypto projects — like dYdX and SushiSwap — search for cheaper and faster DeFi alternatives, Ethereum’s getting left behind. Are we Observing the fall of the king or the specialization of networks?

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.

The Ethereum-based decentralized exchange indicated on Twitter today that users that were affected by the protocol’s attack last weekend would be able to recover their funds.

Hong Kong's ZA Bank, the largest virtual bank by assets, is set to offer crypto account services and facilitate crypto-to-fiat exchanges.

SushiSwap has provided an update on the recent exploit that affected the decentralized exchange over the weekend, stating that funds were either swept by whitehat security teams or lost to blackhat hackers. The DEX explained that users whose funds reside with the blackhat exploiter must send an email to [email protected] that includes transaction IDs and blockchain data to recover their funds. SushiSwap is establishing an opt-in claims process and will manage claims on a case-by-case basis. The DEX is also facing a subpoena from the U.S. Securities and Exchange Commission, with its "Head Chef" asking Sushi DAO to fund a $3 million USDT legal defence. (TheBlock)

SushiSwap has recovered $186,000 worth of ether (ETH) that a hacker drained from one of its users' wallets following a $3.3 million exploit. Blockchain security firm BlockSec intercepted a transaction from a user's wallet to the hacker's wallet to recover the funds. The attack exploited a vulnerability in the 'RouterProcessor2' contract used for trade routing on the SushiSwap exchange. SushiSwap lead developer Jared Grey said the protocol is working on a retrieval plan to secure the stolen funds and make affected users whole. Sushi protocol's native SUSHI tokens have risen nearly 1% in the past 24 hours after dipping 3% on news of the exploit.

If you have swapped tokens on the platform during this period, take immediate action to secure your funds.

April 9 (Cointime) - Cybersecurity firm SlowMist's Security Team reported an exploit in SushiSwap RouteProcessor2, a smart contract used for token swapping.

The SlowMist Security Team urges users of RouteProcessor2 to revoke approval for the affected addresses as soon as possible.