Cryptocurrency [loss] $13M+

"SwapNet Incident Post Mortem"

2026-01-25 [vendor] Matcha Meta [chain] ethereum
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

  1. 2026-01-25 Breach occurred
  2. 2026-01-25 Publicly disclosed