A critical vulnerability has been identified in the DeFi protocol SushiSwap by security firm PeckShield this weekend, with the exploit involving the ‘RouterProcessor2’ contract used for trade routing on the SushiSwap exchange. “It seems the SushiSwap RouterProcessor2 contact has an approve-related bug, which leads to the loss of >$3.3M loss (about 1800 eth) from 0xSifu,” The post SushiSwap token allocation exploit drains $3.3M as users urged to revoke token allowances appeared first on CryptoSlate.

The US Department of the Treasury has released the world’s first DeFi Illicit Finance Risk Assessment, which analyzes decentralized finance (DeFi) services and their vulnerabilities to “illicit activities.” The assessment found that “cybercriminals, ransomware attackers, scammers, and North Korean hackers” are using DeFi services to launder funds due to “non-compliance” with anti-money laundering (AML) and The post US Treasury sees ‘potential benefits’ of DeFi following risk assessment appeared first on CryptoSlate.

Ethereum Co-Founder Vitalik Buterin shared his musing on an “underdiscussed, but nevertheless very important” aspect of the Ethereum ecosystem in a recent blog post this weekend. The post Vitalik Buterin reveals major challenge for Ethereum’s future – and how to solve it appeared first on CryptoSlate.

XBorg, the gaming protocol and sister company to Swissborg, has announced a strategic partnership with one of the fastest-growing esports organizations globally, Team BDS, the current world champions for Rocket League. The post Rocket League world champions TeamBDS partners with Xborg for web3 fan activations appeared first on CryptoSlate.

NEAR has launched a NEAR Community Purpose Trust to accelerate the allocation of funds to grassroots projects and utilize an innovative legal framework based on the Guernsey Special Purpose Trust, a type of trust that separates the legal title to assets from the beneficial interest in those assets. The post NEAR launches $11M grassroots community trust registered in Guernsey appeared first on CryptoSlate.