KuCoin is a trusted crypto exchange to buy, sell, and trade Bitcoin, Ethereum, and 1000+ altcoins—powering secure access to the Web3 economy.

Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin

<p>🚨 #SwapNet exploit drains ~$17M in crypto

A security breach tied to the SwapNet protocol has led to an estimated $16.8M loss, affecting users of the Matcha Meta DEX aggregator. 

The attacker reportedly exploited a vulnerability in SwapNet’s smart contracts, converting ~10.5M $USDC into ~3,655 $ETH and moving funds toward Ethereum. 

⚠️ Users who opted out of “One-Time Approvals” appear most exposed.

Smart contract breaches like this underscore ongoing #DeFi risks, the importance of cautious token approvals and onchain security hygiene.</p>

🚨 #SwapNet exploit drains ~$17M in crypto
A security breach tied to the SwapNet protocol has led to an estimated $16.8M loss, affecting users of the Matcha Meta DEX aggregator. 
The attacker reportedly exploited a vulnerability in SwapNet’s smart contracts, converting ~10.5M $USDC into ~3,655 $ETH and moving funds toward Ethereum. 
⚠️ Users who opted out of “One-Time Approvals” appear most exposed.
Smart contract breaches like this underscore ongoing #DeFi risks, the importance of cautious toke

🚨 #SwapNet exploit drains ~$17M in crypto A security breach tied to the SwapNet protocol has led to an estimated $16.8M loss, affecting users of the Matcha Meta DEX aggregator. The attacker reportedly exploited a vulnerability in SwapNet’s smart contracts, converting ~10.5M $USDC into ~3,655 $ETH and moving funds toward Ethereum. ⚠️ Users who opted out of “One-Time Approvals” appear most exposed. Smart contract breaches like this underscore ongoing #DeFi risks, the importance of cautious token approvals and onchain security hygiene.

Comment