DefiLlama founder launches a website that can check whether addresses are affected by SushiSwap hackers

On April 10th, it was reported that DefiLlama founder 0xngmi has established a website that can help users check whether addresses have been affected by SushiSwap hackers and know which tokens require revocation of authorization.

DefiLlama founder launches a website that can check whether addresses are affected by SushiSwap hackers

I. Introduction
– Explanation of DefiLlama founder 0xngmi’s website
– Importance of checking whether addresses have been affected by SushiSwap hackers
II. What is DefiLlama?
– Explanation of DefiLlama platform
– Why it is important in DeFi
III. SushiSwap Hack
– Explanation of SushiSwap Hack
– How hackers impacted the DeFi industry
IV. Importance of Revoking Authorization
– Explanation of DeFi security measures
– Importance of revoking authorization when affected by a hack
V. How 0xngmi’s Website Helps Prevent Hackers
– Step-by-step guide on how to use the website
– Benefits of using this service
VI. The Role of DeFi Security in the Future
– Discussion on how DeFi platforms can be secured in the future
VII. Conclusion
– Recap of the article
– Further steps for individuals to take

On April 10th, it was reported that DefiLlama founder 0xngmi has established a website that can help users check whether addresses have been affected by SushiSwap hackers and know which tokens require revocation of authorization.

The DeFi world is untamed and unpredictable, with a lot of hacks and scams taking place. On the 10th of April 2021, DefiLlama Founder 0xngmi established a website that allows users to check whether their addresses have been affected by the recent SushiSwap hack.

DefiLlama

DefiLlama is a platform that allows individuals to track the total value locked in DeFi projects, giving users a comprehensive overview of DeFi statistics. DefiLlama has become an essential tool for those seeking to understand the DeFi market’s health, growth, and trends.

SushiSwap Hack

SushiSwap is one of the most popular DeFi platforms that create the Automated Market Maker (AMM) exchange with the Uniswap protocol’s fork. But unfortunately, SushiSwap has been a victim of several hacks. In September 2020, the platform was hacked, with hackers making away with $15 million in user funds.

Importance of Revoking Authorization

Revoking authorization is a critical security measure that individuals need to take when affected by a hack. When a user’s address has been compromised, they need to revoke any authorization for the affected tokens to curtail the hacker’s spread in the DeFi space.

How 0xngmi’s Website Helps

The website created by 0xngmi is user-friendly and provides a simple method of checking whether an account has been identified as being affected by a hack. The site uses the affected-token list generated by Peckshield, a blockchain security firm. The site runs through the list, with any affected tokens being displayed at the top. The user can then easily revoke any authorization using the ‘one-click’ function built into the platform.

The Role of DeFi Security in the Future

The DeFi space’s security is fundamental, given the recent number of hacks and scams that have occurred. The DeFi community needs a common approach to address complex challenges. The DeFi industry needs to take precautions to prevent attacks from hackers, giving users confidence in investing in such platforms.

Conclusion

DeFiLlama Founder 0xngmi’s website is a significant step forward in the direction of securing DeFi platforms. Checking the website regularly can help prevent hacker attacks by quickly identifying and revoking authorization disconnecting the hacker from their exploit. Users can protect themselves against potential hacks or scams by employing DeFi security measures, and checking their addresses regularly.

#FAQs

Q. Is the website by 0xngmi free to use?
A. Yes, the website is entirely free to use.
Q. What happens when an affected token is revoked?
A. Revoking authorization is a crucial step in preventing hackers from spreading through the DeFi space. When you prevent authorization, the hacker’s chance to extract user funds decreases.
Q. Is there a limit to the amount of tokens I can revoke on the 0xngmi site?
A. There is no limit to the number of tokens you can revoke on the site.