Question 1

What happened to Swell's swETH and rswETH tokens?

Accepted Answer

Someone holding Swell's operational hot keys raised both tokens' exchange rates at the 1% hourly cap without adding ETH, Spreek reported on October 22.

Question 2

How much ETH is at risk?

Accepted Answer

About 2,500 ETH sits exposed to four malicious upgrade contracts, though none had executed and no loss is confirmed.

Question 3

What has Swell said about the incident?

Accepted Answer

Swell has paused swETH and rswETH deposits and withdrawals and said no ETH has left those contracts.

Swell

Swell’s swETH rates climb unbacked hours after Railway’s key leak

One sharp brief.
Every day.

Swell

Swell’s swETH rates climb unbacked hours after Railway’s key leak

One sharp brief.Every day.

One sharp brief.
Every day.