First Mover Americas: Ether Options Tilting Bearish

Security issues continue to haunt the crypto market even as token valuations recover from the 2022 crash. Decentralized exchange SushiSwap suffered an exploit on Sunday involving the ‘RouterProcessor2’ contract used for trade routing on the exchange and led to a loss of more than $3.3 million to a single user, @0xsifu, a popular pseudonymous trader in Crypto Twitter circles. The SUSHI token was volatile in the past 24 hours, clocking a high and low of $1.13 and $1.06, respectively. At press time, the token traded near $1.10, up 2.6% in the past 24 hours.