AMM Protocol SudoRare Goes Dark With 519 ETH
Main page News, Ethereum, Hacker Attack, DeFi
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Aug. 23, 2022

SudoRare, an automated-market maker (AMM) protocol for swapping tokens on the ERC-721 standard to ERC-20, has suddenly turned off its services with official website and social media accounts, allegedly stealing 519 ETH (~$830 400) from users. As per a tweet from PeckShield, bad actors split the sum into three accounts by 173 ETH in each.

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AMM Protocol SudoRare Goes Dark With 519 ETH
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As of press time, all the stolen crypto still sit remain in those three accounts. A user on Twitter (@sungjae_han) pointed out that one of the accounts through which bad actors tried to launder crypto was funded by Kraken, a US-based cryptocurrency exchange.

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