๐งจ MATCHA META DEX HIT BY $16.8M SWAPNET EXPLOIT
Decentralized exchange aggregator Matcha Meta suffered a major smart-contract exploit tied to its SwapNet integration, with security firm PeckShield reporting a ~$16.8 million drain in crypto assets. The attacker swapped roughly $10.5M in USDC for 3,655 ETH on Base before bridging funds to Ethereum, highlighting persistent DeFi risks around token approvals. Users are being urged to revoke token permissions immediately to protect wallets.
๐ฐ Sources: The Block, Cointelegraph, PeckShieldAlert