Cryptocurrency
[loss] $13M+
"SwapNet Incident Post Mortem"
Primary Source ↗Financial Loss
$13.4M
(13,430,000 USD)
Blockchain(s)
Ethereum
Incident Details
Some users of Matcha Meta, a decentralized exchange aggregator on the Base blockchain, suffered losses after a thief exploited a vulnerability in its SwapNet integration. SwapNet is another DEX aggregator that integrates with Matcha Meta, and Matcha blamed a vulnerability in their smart contracts that enabled a thief to steal assets transferred via the integration.Most of the lost funds came from a single user, who lost $13.34 million in assets. Other users lost a combined $90,000.
Total loss estimated at $13,430,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Matcha Meta
Timeline
- 2026-01-25 Breach occurred
- 2026-01-25 Publicly disclosed