SushiSwap to return stolen funds following weekend hack

Quick Take

  • After a high-profile hack, SushiSwap has outlined plans for returning funds.
  • Some funds residing in a whitehat contract will be returned via a Merkle contract.
  • Funds stolen by blackhat hackers will require a case-by-case claims process.

SushiSwap has provided an update on the weekend's exploit and a plan to refund affected users.

The decentralized exchange explained funds were either swept by whitehat security teams or lost to blackhat hackers. 

Funds residing in the whitehat contract will be claimable via a Merkle Claim contract that the SushiSwap team is currently building. "We've completed most of this work and it will go live soon," the DEX noted on Twitter.

Recovering funds stolen by bad actors will be more complicated. Users whose funds reside with the blackhat exploiter must send an email to [email protected] that includes transaction IDs and blockchain data. (Alternatively, they may open a ticket in SushiSwap's official Discord.)

The Sushi team is establishing an opt-in claims process and will manage claims on a case-by-case basis, it explains." Our goal is to return all user funds to legitimate claimants," Sushi wrote, adding: "We appreciate everyone's patience and understand your frustration as we work through returning funds to affected users."

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