Out-in-the-open contractor theft seems to have appeared as another way to attack crypto projects – as a token launchpad front end was attacked with a malicious code, resulting in more than USD 3m stolen.
Joseph Delong, Chief Technology Officer (CTO) at decentralized exchange SushiSwap, tweeted that the MISO token launchpad built on SushiSwap has been attacked. Per his words, this was a supply chain attack, with an anonymous contractor, who’s using the GitHub handle ‘AristoK3’, injecting a malicious code into Miso’s front-end.
dudes not hiding either. would be a bad move…— Antimatter 🎩🐧💰 ◎ (@RealBoardwalk) September 17, 2021
As for the identity behind this handle, Delong said that they “have reason to believe” it’s the Twitter user ‘eratos 1122’ who says they are a “Blockchain/Web/Mobile Developer.” Cryptonews.com has contacted eratos 1122 for comment.
The CTO further said that ETH 864.8 was stolen, currently worth over USD 3.06m. The address he shared – names ‘Miso Front End Exploiter’ – reflects this, with the transaction having taken place some sixteen hours prior to the time of writing.
Simply said, ‘front end’ refers to the user interface, that is, the elements with which users interact. A supply chain attack (aka a value-chain or third-party attack) involves a person infiltrating a system through an outside partner or provider that has the access to it. Software supply chain attacks, if successful, enable the attacker to take control of a project or its infrastructure, as they switch it to the contract address under their control.
Per Delong, who provided additional details of the attack, there was only one contract exploited – the one for the JayPegsAutoMart non-fungible token (NFT) sale. “The attacker inserted their own wallet address to replace the auctionWallet at the auction creation,” he explained, adding: “Effected auctions have all been patched.”
The team has contacted crypto exchanges FTX and Binance, he said, asking for the attacker’s know-your-customer (KYC) information, “but they have resisted on this time-sensitive matter.”
Binance replied to Delong, stating that “our team is also investigating the incident on our end and would like to connect with you directly to learn more.”
Additionally, the CTO claims that the attacker (though their number is not known yet) has done work with yearn.finance (YFI) and has also “approached many other projects” – all of which he’s urging to check their respective front ends for exploits.
Delong said that the team will file a complaint to the FBI should the funds not be returned by noon today UTC time.
All this said, this type of attack seems to be something for the projects in this nascent industry – and by extent, their users / coin holders – to be alert and aware about, and not be lulled into any false sense of safety.
“The risks associated with a supply chain attack have never been higher, due to new types of attacks, growing public awareness of the threats, and increased oversight from regulators,” said Maria Korolov, contributing writer for CSO. “Meanwhile, attackers have more resources and tools at their disposal than ever before, creating a perfect storm.”
For a popular crypto trader, known as @DegenSpartan, this incident has been “another grim reminder that we are frontier explorers and anything could happen to us and our money.”
Rari Capital’s ‘transmissions11 (t11s)’ finds that this type of attack could be “first of many to come,” adding: “Every react.js site depends on literally hundreds of thousands of packages, each of which depends on a couple hundred at least. One malicious sub-sub-sub-package update and it’s over.”
According to t11s, there may already be ways to mitigate this attack type. That said, it seems that the developing world of crypto is being opened to more attack vectors, stressing the need for vigilance with each and every step, giving how much is at stake.
Meanwhile, SUSHI dropped 8% in the past day (at 9:11 UTC), while it’s up 28% in the past week.
Sushiswap Price Analysis: SUSHI slowly continues to retrace after higher high was set at $12
- Sushiswap price analysis is bearish today.
- SUSHI/USD retraced below $11 previous support.
- Market likely to reverse later this week.
Sushiswap price analysis is bearish today as a further retracement is needed before another rally can begin. Therefore, we expect SUSHI/USD to continue lower today, with the $10.5 mark as the next local support.
The overall market traded with various results over the last 24 hours. The market leader, Bitcoin, gained 0.1 percent, while Ethereum is down by 2.79 percent. Meanwhile, Dogecoin (DOGE) is up by 15.33 percent.
Sushiswap price movement in the last 24 hours: Sushiswap retraces below $11
SUSHI/USD traded in a range of $10.73 – $11.78, indicating a moderate amount of volatility over the last 24 hours. Trading volume has declined by 40 percent and totals $215.9 billion, while the total market cap trades around $1.387 billion, ranking the coin in 75th place overall.
SUSHI/USD 4-hour chart: SUSHI to see more downside before reversal
On the 4-hour chart, we can see the Sushiswap price action still looking for further downside to set a higher low and reverse from.
Sushiswap price action has mostly traded in a consolidation so far this month. Resistance can be seen around $11-$11.5, while support is around $9.5-$10.
After setting a slightly lower low on the 13th of October, SUSHI/USD finally broke above the $11 resistance, peaking at $12. Since then, a retracement has followed over the last 24 hours as further upside could not be set.
Overall, Sushiswap price action still needs to retrace before more upside can be seen. However, the higher high set over the weekend indicates that the overall market momentum is turning increasingly more bullish.
Sushiswap Price Analysis: Conclusion
Sushiswap price analysis is bearish today as the $11 support has been broken, and more retracement is needed after a higher high was set at $12 over the weekend. Therefore, SUSHI/USD will likely see the $10.5 mark tested over the next 24 hours.
While waiting for Sushiswap to move further, read our guides on Metaverse wallet, Fiat wallet reviews, and NFT art finance token.
Sushiswap Price Analysis: SUSHI slowly consolidates below $11, breakout today?
- Sushiswap price analysis is bullish.
- SUSHI/USD continues to respect $11 resistance.
- A brief retest of $10 support was seen yesterday.
Sushiswap price analysis is bullish today as downside momentum was rejected again, indicating that bulls are still building momentum to attempt a breakout above the $11 resistance. Therefore, we expect SUSHI/USD to move higher over the next 24 hours and target the $12 resistance next.
The crypto market traded in the green over the last 24 hours, with Bitcoin leading the way as it gained 5.54 percent. Meanwhile, Ethereum followed, with a gain of 5.19 percent, while Shiba Inu (SHIB) continued to dominate the market, with a gain of almost 50 percent.
Sushiswap price movement in the last 24 hours: Sushiswap finds support above $10 again
SUSHI/USD traded in a range of $10.04 – $10.92, indicating mild volatility over the last 24 hours. Trading volume has declined by 11.1 percent and totals $275.4 billion, while the total market cap trades around $1.35 billion, ranking the coin in 79th place overall.
SUSHI/USD 4-hour chart: SUSHI to break $11 today?
On the 4-hour chart, we can see the Sushiswap price action still consolidating as bulls prepare to break higher.
Sushiswap price action has seen strong bearish momentum over the past weeks. After a strong decline from the $16 previous major swing high, support was eventually established around the $9 mark at the end of September.
Since then, a spike higher was seen on the 26th of September, with the following retracement setting a higher high at $9.25. From there, SUSHI/USD set a lower high around $11.25 during the first days of December.
Overall the Sushiswap price action development indicates that the market is in indecision right now. Likely we will see further consolidation over the next 24 hours. However, a break above the $11 is a strong possibility.
Sushiswap Price Analysis: Conclusion
Sushiswap price analysis is bullish today as any further downside was rejected above the $10 support again, indicating that a new higher low is set. Therefore, we expect SUSHI/USD to either continue consolidating or break above the $11 mark over the next 24 hours.
While waiting for Sushiswap to move further, read our guides on Best NFT marketplaces, NFT history and development, as well as NFT Music.
SUSHI Price Analysis: Amid High Demand Price Approaching Key Resistance, Is A Breakout Imminent?
SUSHIUSDT gained roughly 7.6% within the last 24hrs in the face of recent FUD by an anonymous white hack hacker who took part in the platform’s ImmuneFi bug bounty program. The decentralized exchange [DEX] stays range-bound trading within the $5.9681 and $22.5674 significant resistance and support levels on the higher time frames. Meanwhile, the 4HR time frame gives clues that we may be heading towards the upper bound of the long-term price range.ADVERTISEMENT
Let’s probe deeper into the price charts of the AMM decentralized exchange, starting from the daily time frame.
SUSHISWAP (SUSHI) Daily Chart Analysis
The governance token SUSHI dipped into a correction phase on 26 August, as the RSI crossed below the level-25 from the top. It sends the price chart into an expanding channel enclosed by bullish and bearish divergence patterns on 10 September and 16 September ’21.ADVERTISEMENTGoMeat ICO Launched – 15% Bonus!
A bullish engulfing candlestick pattern closed above a bearish inside bar resistance [$9.0609] on 25 September, showing immunity to the China crypto ban, and suggesting a price surge to the upper bound of the expanding channel at $16.1864.
SUSHISWAP (SUSHI) 4HR Chart Analysis
The above 4HR chart annotations show the SUSHIUSDT entering a range-bound market structure after the RSI went below level-25 on 18 September ’21 00:00.
A rather recent bullish divergence pattern on 29 September 20:00, that has forced the RSI above the level-75 shows that the bulls are getting ready to exit the current price range.
A price close above the $11.9625 price ceiling with a second entry of the RSI above level-75 will confirm absolute dominance by the bulls. On the contrary, we may see further price dip, if the bears force the SUSHI price below the $8.51 support.
SUSHISWAP SUSHI Intraday Levels
- Spot rate: $10.7482
- Mid–Term Trend [H4]: Slowing Bearish bias
- Volatility: Low
- Support: $8.510 and $9.2308
- Resistance: $11.9625 and $16.1864