Swell Freezes swETH and rswETH Withdrawals Until It Corrects Their Exchange Rates

Swell Freezes swETH and rswETH Withdrawals Until It Corrects Their Exchange Rates

Holders can't redeem through Swell for now, and on DEXs the tokens fetch well below the inflated rate their contracts report.

Swell Pauses SwETH, RswETH Withdrawals On NAV Error

Swell froze swETH and rswETH deposits and withdrawals after their exchange rates climbed 6% above net asset value, leaving both tokens trading at a discount.

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 [...]

Ethereum Staking Protocol Swell Halts Transactions

Swell temporarily halts swETH and rswETH transactions due to abnormal exchange rates, highlighting potential vulnerabilities.

Swell Pauses swETH and rswETH Deposits and Withdrawals During NAV Fix

Users cannot submit withdrawal requests or claim ETH while the protocol corrects net asset value.

Swell Pauses swETH and rswETH Deposits and Withdrawals

The protocol says it must correct NAV before reopening, while onchain controls now block withdrawal requests and ETH claims.... Read the full story at The Defiant