NFT Auction on SushiSwap Hacked for $3 Million Ethereum (ETH)

An auction for non-fungible tokes (NFT) on SushiSwap’s MISO platform was hacked yesterday. The hacker made off with $3 million worth of ethereum (ETH), SushiSwap CTO Joseph Delong reported on Sept. 16:

Delong reports that a certain ‘AristoK3’ injected “malicious code” into the front-end of the MISO launch pad to a supply chain to carry out an attack. The auction that was hacked was that of 2007 Kia Sedona’s Jay Pegs Auto Mart, NFT’s.

These NFTs were mainly meant as a joke, but became a whopping 864.8 ETH and that was probably less funny. The hacker had replaced the wallet address in the auction’s contract with his own wallet, Delong says. Jay Pegs Auto Mart reports that everyone will still receive their NFTs:

According to Delong, this AritoK3 is a blockchain developer called ‘0x AK’ or ‘Eratos1122.’ It is currently unclear who that is, Delong claims he previously worked on Yearn Finance (YFI). SushiSwap has contacted cryptocurrency exchanges FTX and Binance to know-your-customer (KYC) to request information, but she did not want to hand it over for the time being.

Furthermore, Delong reports that if the stolen money is not returned by 1 p.m. Dutch time, attorney Stephen Palley will file a report with the Federal Bureau of Investigation (FBI). The deadline had actually passed, but Delong just reported that the hacker has returned 100 ETH, worth about $350 thousand. “Hopefully the rest will follow,” said Delong.

The decentralized finance (DeFi) sector is still in its infancy and has seen many such attacks in the past year where someone exploited a flaw in the code to smart contract to empty. Earlier this week, the Zabu Finance platform was targeted.

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