Swell Pauses swETH and rswETH Deposits and Withdrawals Over Inflated Exchange Rates

TLDR: Swell paused swETH and rswETH deposits and withdrawals at 2:39 a.m. ET on Friday, October 23. The swETH contract reported about 1.203 ETH, roughly 6% above the last clean rate of 1.133 ETH. On-chain analyst Spreek suspected compromised admin keys and found malicious upgrade contracts. Swell stated that no ETH has left the affected [...]

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