Swell Pauses swETH and rswETH Withdrawals as Exchange Rates Surge 6% Above NAV
Key Highlights: Swell paused deposits and withdrawals for its liquid staking and restaking tokens, swETH and rswETH, following reports of suspicious activity and artificially inflated exchange rates. Security researcher Spreek warned that admin keys appeared compromised with four malicious upgrade contracts deployed, creating a potential risk to approximately 2,500 ETH ($5.9 million), though the contracts ...