PeckShield: SwapNet Hacked, Suspected Authorization Vulnerability Leads to Approximately $16.8 Million in Assets Stolen

Techub News reports, according to PeckShield monitoring, Matcha Meta has reported a security vulnerability in SwapNet, putting users who have not enabled the "one-time authorization" function at risk. As of now, the stolen crypto assets are worth approximately $16.8 million; on the Base chain, the attacker has exchanged about 10,500,000 USDC for approximately 3,655 Ethereum and has begun cross-chain transferring the funds to the Ethereum mainnet. Relevant risk handling advice should be based on subsequent announcements from the project team and aggregator. Users may consider checking and revoking related authorizations other than the "one-time authorization" contract.