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According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex platform Sushiswap saw its RouteProcess02 contract exploited and then distributed across various blockchain networks. Blockchain security firm Certik published an alert after discovering the exploit. The company Peckshield also updated the crypto community via Twitter, noting that Sushiswap’s “RouterProcessor2 contract has an approve-related bug.” It has also been reported that the victim was a well-known crypto advocate called Sifu , who reportedly lost 1,800 ether. Sifu may not have been the only victim, as Certik’s alert mentions that a few USDC users may have been affected. “We have detected suspici

Allianz, one of the world’s largest insurers, has warned that the U.S. economy is headed toward a crash landing. “We expect the economic momentum to deteriorate during the second half of the year on the back of rapidly tightening credit conditions, exacerbated by the banking crisis,” said the insurance giant’s analysts. Crash Landing Ahead, Warned Allianz Allianz’s research and analysis division published a report last week stating that the U.S. economy is “headed towards a crash landing.” Allianz is one of the world’s largest insurers with over 122 million private and corporate customers worldwide and more than 159,000 employees. It is headquartered in Munich, Germany. “Negative confidence effects from the near-death experience in the U.S. banking sector and the unresolved energy situation in Europe will shape the rest of the year,” Allianz’s analysts began. While noting that the U.S. economy “picked up pace in early 2023,” they stressed that this revival will likely be “short-liv