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SushiSwap’s Recent Update on RouteProcessor2 Vulnerability and User Refunds

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On April 12th, SushiSwap released a vulnerability and user refund update for RouteProcessor2, stating that for the recovered white hat funds, the team will create a Merkle Claim co

SushiSwaps Recent Update on RouteProcessor2 Vulnerability and User Refunds

On April 12th, SushiSwap released a vulnerability and user refund update for RouteProcessor2, stating that for the recovered white hat funds, the team will create a Merkle Claim contract and a website to remove any remaining RouteProcessor2 approvals and return user funds to their wallet; For unrecoverable black hat funds, the Sushi team will establish a claim process where users can choose to join and manage claims based on specific circumstances. The black hat funds will take longer to process, as the team will manually verify the legitimacy of the claim based on the on chain data and then make the payment accordingly.

SushiSwap: will provide users with a claim application website for recovered funds

SushiSwap, a decentralized exchange based on the Ethereum blockchain, has recently released an update regarding the vulnerability and user refunds for RouteProcessor2. In this article, we will discuss the details of this update, including the Merkle Claim contract, the claim process, and the timeline for the refunds.

Outline

I. Introduction
– Brief overview of SushiSwap and its recent update on RouteProcessor2
II. Background
– Explanation of RouteProcessor2 vulnerability
– Initial response from SushiSwap team
III. Merkle Claim Contract and Website
– Details of the Merkle Claim contract
– Purpose of the website
– Process for the recovered white hat funds
IV. Claim Process for Unrecoverable Black Hat Funds
– Explanation of black hat funds
– How users can join and manage claims based on specific circumstances
– Timeline for processing black hat fund claims
V. Conclusion
– Recap of SushiSwap’s update on RouteProcessor2 vulnerability and user refunds
VI. FAQs
– How long will it take to process black hat fund claims?
– What is the Merkle Claim contract?
– How can users join the claim process for black hat funds?

Background

On April 12th, SushiSwap detected a vulnerability in its smart contract, RouteProcessor2. The vulnerability could potentially allow an attacker to exploit the contract and steal user funds. To prevent further damage, the SushiSwap team immediately halted trading and began investigating the issue.
After identifying and analyzing the vulnerability, the team came up with a plan to secure the contract and refund affected users.

Merkle Claim Contract and Website

To address the vulnerability and ensure that affected users are properly compensated, the SushiSwap team announced that they will be creating a Merkle Claim contract and a website.
The Merkle Claim contract will be used to remove any remaining RouteProcessor2 approvals and return recovered white hat funds to their respective wallets. This process will begin once the Merkle Claim contract is deployed, which is expected to be within the next few days.
The purpose of the website is to provide users with a clear and transparent overview of the refunds process. It will also be used to communicate any updates or changes regarding the process.

Claim Process for Unrecoverable Black Hat Funds

For unrecoverable black hat funds, the SushiSwap team will establish a claim process where users can choose to join and manage claims based on specific circumstances. This process will be more complex and take longer to complete, as the team will need to manually verify the legitimacy of each claim based on the on-chain data.
The timeline for processing black hat fund claims is currently unknown. The SushiSwap team stated that they will work as quickly as possible to process claims and provide updates on the progress.

Conclusion

SushiSwap’s recent update on the RouteProcessor2 vulnerability and user refunds is a step in the right direction towards securing the exchange and compensating affected users. The Merkle Claim contract and website will ensure a transparent and efficient process for recovering white hat funds, while the claim process for unrecoverable black hat funds will provide affected users with the opportunity to receive compensation based on their specific circumstances.

FAQs

1. How long will it take to process black hat fund claims?
– The timeline for processing black hat fund claims is currently unknown.
2. What is the Merkle Claim contract?
– The Merkle Claim contract will be used to remove any remaining RouteProcessor2 approvals and return recovered white hat funds to their respective wallets.
3. How can users join the claim process for black hat funds?
– Users can join the claim process for black hat funds by following the instructions provided on the SushiSwap website.

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