The Swell platform has been exposed to a key compromise risk, with attackers deploying malicious contracts or stealing 2,513 ETH. According to Gold财经, on October 22, X user Spreek (@spreekaway) stated that an unidentified actor appeared to have compromised the operational hot wallet keys of the liquid staking platform Swell on October 21, including those of the swETH/rswETH oracle bots.
The actor continuously increased the exchange rate by 1% per hour without adequate ETH backing.
Spreek stated that the attackers have deployed four malicious contracts. If the related upgrade proposal is approved, these contracts could steal approximately 2,513 ETH from Swell’s withdrawal and deposit contracts.
Swell Platform Exposed to Key Compromise Risk; Attackers May Steal 2,513 ETH
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Summary
The Swell Platform is facing a critical risk after an unknown actor allegedly gained access to its hot wallet keys on October 21, including the swETH/rswETH oracle bot. Attackers are inflating the exchange rate by 1% per hour without ETH backing. X user Spreek reported four malicious contracts deployed, which, if activated, could steal 2,513 ETH from Swell’s contracts. An ETH update confirms the platform is under active threat, and traders are closely monitoring for further developments.
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