A group of people in the crypto community, led by crypto investment firm Paradigm’s research partner Sam Sun , may have just prevented SushiSwap’s token fundraising platform Miso from losing more than $350 million worth of ether (ETH, -5.98%) , after discovering and fixing a bug on the platform in under just five hours.
In a Dutch auction, investors place bids reflecting the maximum amount that they are willing to pay. Once the bids are collected, the highest bid is declared the winner. After the auction is finalized, unsuccessful bids are returned to their owners.
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