🚨 ZachXBT criticizes Circle: SwapNet suffers $16.8 million loss from hacker attack, is the publisher just fishing?
At the beginning of 2026, the DeFi sector suffers another heavy blow. Matcha Meta's liquidity provider SwapNet was attacked, resulting in significant losses.
Event review:
• The attack caused losses of approximately $16.8 million.
• The risk stemmed from users manually authorizing the SwapNet contract.
• The hacker has exchanged 10.5 million USDC for 3,655 ETH on the Base network and started transferring to the Ethereum mainnet.
Controversy focus:
On-chain detective ZachXBT directly pointed out Circle's slow response. Monitoring indicates that there are still about 3 million USDC in the hacker's address, and Circle has the technical capability to freeze it.
However, 10 hours after the attack, Circle still hasn't taken any action.
ZachXBT questioned: "As a centralized publisher, if you never protect user interests, why should others continue to develop based on USDC?"
DeFi security alarm:
In January 2026, several projects have already been 'hit':
• Truebit: lost 8,535 ETH (approximately $26.4 million).
• Saga: lost 7 million USDC.
• Waltio: 50,000 account data leaked.
After experiencing a looting of up to $3.4 billion in 2025, Web3 security remains a sword of Damocles hanging over developers' heads. As Immunefi's CEO said, large-scale hacker attacks are equivalent to the 'death penalty' for 80% of protocols.
Will you reduce your use of USDC due to Circle's inaction? Feel free to discuss in the comments! 👇
#加密新闻 #黑客攻击 #Circle #USDC #DeFi安全