SushiSwap Recovers Over 300 ETH Sifu Stolen Funds from CoffeeBabe
According to reports, SushiSwap CEO Jared Grey tweeted that it has been confirmed that more than 300 ETH Sifu stolen funds have been recovered from CoffeeBabe, and Lido\’s team is b
According to reports, SushiSwap CEO Jared Grey tweeted that it has been confirmed that more than 300 ETH Sifu stolen funds have been recovered from CoffeeBabe, and Lido’s team is being contacted regarding the issue of 700 ETHs.
SushiSwap: More than 300 ETH stolen funds have been recovered from CoffeeBabe
Introduction
The world of cryptocurrency is not without its fair share of scandals and controversies. One such incident occurred recently when more than 300 ETH Sifu stolen funds were taken from SushiSwap. However, the CEO of SushiSwap, Jared Grey, announced on Twitter that the stolen funds have been recovered from CoffeeBabe. This article will delve deeper into the issue and what it means for the cryptocurrency market.
The SushiSwap Controversy
SushiSwap is a decentralized exchange that is built on the Ethereum blockchain. It is a relatively new player in the cryptocurrency market and has quickly gained popularity due to its innovative solutions to the challenges faced by other exchanges. However, in September 2020, a scandal broke out that threatened to tarnish the reputation of the exchange.
At the time, the founder of SushiSwap, Chef Nomi, made the controversial move of selling off his shares in the platform for a sum of $13 million. This caused a huge uproar in the cryptocurrency community, with many accusing Chef Nomi of being a fraudster. It also led to a massive sell-off of SushiSwap tokens, causing the value of the cryptocurrency to plummet.
The Stolen Funds
Fast forward to November 2021, and SushiSwap found itself embroiled in another controversy. Reports emerged that over 300 ETH Sifu stolen funds had been taken from the platform. This led to panic among investors and raised serious questions about the security of the exchange.
Fortunately, the CEO of SushiSwap, Jared Grey, tweeted that the stolen funds had been recovered from CoffeeBabe. It is unclear how CoffeeBabe obtained the stolen funds, but the fact that they have been returned is good news for SushiSwap investors.
Lido’s Involvement
In addition to the recovery of the stolen funds, Grey also announced that the team at Lido had been contacted regarding the issue of 700 ETHs. It is unclear what this means for Lido, but it is likely that they will be working with SushiSwap to investigate the matter further.
Conclusion
The recovery of the stolen funds from CoffeeBabe is a positive development for SushiSwap and the broader cryptocurrency market. It is a reminder that even decentralized exchanges are not immune to security breaches, and investors must always be vigilant. As the cryptocurrency industry continues to grow, it is likely that we will see more incidents like this in the future. However, by working together, exchanges can help to mitigate the risks and ensure that investor funds remain safe.
FAQs
Q: What is SushiSwap?
A: SushiSwap is a decentralized exchange that is built on the Ethereum blockchain.
Q: Who is CoffeeBabe?
A: It is unclear who CoffeeBabe is or how they obtained the stolen funds.
Q: What does this mean for the cryptocurrency market?
A: This incident serves as a reminder that investors must always be vigilant and that security breaches can occur even with decentralized exchanges.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/14074/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
When does ETH split (how long does ETH halve)
etH When is the rear bifurcation? According to the ethhub.io data, when is the Ethereum ecosystem project ethH bifurcation? According to the official introduction, what is the fork of ETH. The divergence point is that if developers do not upgrade to v1.13.0 or earlier clients, it may lead to fragmentation and generate new issues (such as pledge rewards) Therefore, when there is a problem with the protocol, ethH will automatically recover, achieving seamless conversion between the contract and the assets on the chain. Due to the lack of interoperability between ETH and ERC-20 tokens, transactions cannot be confirmed, so users need to redeploy a new account to start using it How long to halve ethEthereum client eth2 will be launched in two stages, and the first round will be conducted at the block height of 480000; The second round of hard forking scheduled for mid March will take place on May 15th. If the ETH2.0 beacon chain runs smoothly and…
-
Ethereum Layer2’s Total Lockup Volume Drops: Understanding the Latest Trends
According to reports, according to L2BEAT data, the current total lockup volume of Ethereum Layer2 has dropped to $9.58 billion, with a 7-day drop of 8.38%. Among them, the top fiv
-
What currency is OG (omg currency)
What currency is OG? According to official information, what currency is OG? According to the OKEx market, the price of OG hovered around $2 for a month According to the OKX market data of Ouyi, the current OG price is 0.055 US dollars, with a 24-hour increase of 91.5%; The previous Okex market data statistics showed that the market value of OG has surpassed mainstream digital currencies such as BNB and HT. Therefore, it can be determined what is going on with OG, and its basic introduction is as follows: 1. OG deflation mechanism (Oikos). This inflation mechanism can prevent users from causing unnecessary losses due to transactions. Due to the “one click coin issuance” method adopted by Oikos for dividend distribution, investors do not need to participate in mining through various platforms or mining pools to obtain profits. 2. Total number of OGs: 10 million. 3. OG contract address: 0x8b7Cf6c4DdFeAaE22b0e96b76ce71be81f5 omg coinAccording to official news, omg coin (OmiseGO) will…
-
CME’s Projection on Federal Reserve’s Interest Rate Decision
According to CME’s “Federal Reserve Observation”, the probability of the Federal Reserve maintaining interest rates unchanged in March is 34.3%, and the probability of raising interest rates by 25 basis points to the range of 4.75% to 5.00% is 65.7%; The probability of maintaining interest rates unchanged by May is 26.1%, the probability of a cumulative interest rate increase of 25 basis points is 58.2%, and the probability of a cumulative interest rate increase of 50 basis points is 15.8%. The probability of the Federal Reserve raising interest rates by 25 basis points in March is 65.7% Analysis based on this information:CME’s “Federal Reserve Observation” has projected that the possible interest rate decisions of the Federal Reserve in the coming months might lead to an increase in interest rates. The probability of maintaining interest rates unchanged in March is only 34.3%, and there is a high chance of increasing the interest rates by 25 basis points to the range of…
-
Gelato DAO Announces Proposal for Future Financing Rounds
On April 7th, a recent proposal from Gelato proposed to allocate approximately 20% of the total GEL supply or approximately 43% of current Gelato DAO funds to future financing roun
-
The US House of Representatives Passes Bill to Raise Debt Ceiling by $1.5 Trillion
According to reports, the US House of Representatives has passed a bill to raise the debt ceiling by $1.5 trillion. （Watcher.Guru）
The US House of Representatives has passed a bill -
The Rise of USDC and the Impact on ProShares, MicroStrategy Stocks, and Binance
21:00-7:00 Keywords: USDC, ProShares, MicroStrategy stocks, Binance. US
Overnight updates on April 9th at a glance
In recent years, the emergence of various cryptocurrencies has le -
The Importance of Being Cautious: Beware of Fake imToken Official Accounts
It is reported that the encrypted wallet imToken issued a security alert on the official official account. Recently, the fraudster impersonated the imToken official, contacted the
-
Why Does the United States Allow Bitcoin Futures?
The emergence of Bitcoin futures in the United States has generated significant
-
Foreign media: Bank of America and Fidelity have indirect risk exposure through increasing their holdings of MicroStrategy shares compared with Tekin
On April 11th, it was reported that Bank of America and Fidelity Bank held a large amount of MicroStrategy stocks on their balance sheets in the first quarter, indicating that inst
-
OKX Ventures Q1 2023 Summary: NFTs on the Rise and Bitcoin Network Costs Soaring
On April 5th, OKX Ventures released a Q1 2023 summary stating that the Q1 2023 data on the chain has rebounded, and the Layer 2 market is becoming increasingly mature. Due to the u
-
Cryptocurrency Custody Company Coping with Increasing Financial Control
On March 1, the cryptocurrency custody company Copper is negotiating to recruit a new CFO. At present, the financial control of the industry has been subject t…
-
Decentralized Lending Platform Centrifuge Proposes Real-World Assets in Aave
It is reported that Centrifuge, a decentralized lending agreement, proposed to introduce real world assets (RWAs) into Aave in the Aave community and use them …
-
Huawei Registers “HUAWEI NETGPT” Trademark: What’s In Store for the Tech Giant?
On April 27th, according to the Tianyancha app, Huawei Technology Co., Ltd. recently applied to register the \”HUAWEI NETGPT\” trademark, which is classified as a scientific instrume
-
Table of Contents
On April 4th, it was reported that. bit recently discovered and analyzed the security risks associated with asset loss when using DID for asset trading. After recognizing these ser
-
When did Litecoin emerge (Which country is Litecoin from)?
When did Litecoin emerge? When did Litecoin emerge?On August 1, 2017, the US Sec