Odaily Planet Daily News: According to PeckShieldAlert monitoring, Matcha Meta reported a security vulnerability in SwapNet, putting users who opted out of "one-time approvals" at risk. So far, approximately $16.8 million worth of cryptocurrency has been stolen. On the Base chain, the attacker exchanged about 10.5 million USDC for approximately 3,655 ETH and began transferring the funds across chains to Ethereum. Relevant parties have advised users to immediately revoke approvals for all personal aggregators except the 0x one-time approval contract.
SwapNet Security Vulnerability Leads to $16.8M in Stolen Cryptocurrency
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Summary
A security breach in SwapNet has triggered a vulnerability-related incident, with $16.8 million in cryptocurrency stolen. Users who skipped the "one-time approval" feature are at risk. Attackers transferred 10.5 million USDC to 3,655 ETH on Base and are moving the funds to Ethereum. Affected parties are urging users to revoke approvals for all aggregators outside the 0x one-time approval contract.
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