SwapNet is under attack, with approximately $16.8 million worth of encrypted assets stolen
AiCoin|Jan 26, 2026 02:14
Matcha Meta reports that SwapNet has a security vulnerability, and users may face risks if they do not select the 'one-time authorization' feature. Currently, approximately $16.8 million in encrypted assets have been stolen, and attackers have exchanged around 10.5 million USDC for around 3655 ETH on the Base chain and started bridging the funds to Ethereum. It is recommended to immediately revoke all non 0x 'one-time authorization' contracts. (PeckShieldAlert)
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