🚨 Is Matcha Meta Facing a SwapNet Vulnerability? As $16.8 Million Has Suddenly Disappeared

The DeFi community is on high alert as Matcha Meta has just confirmed a serious security vulnerability related to SwapNet, directly threatening users' assets.

🔷 This vulnerability targets a specific group of users: Those who have disabled the One-Time Approvals feature.

If you have ever granted unlimited or long-term spending permissions for these contracts, your wallet is in a high-risk zone.

🔶 According to preliminary statistics, hackers have successfully drained approximately $16.8 Million in cryptocurrency.

Developments on the Base network: The attacker has dumped $10.5 Million USDC in exchange for 3,655 ETH.

This ETH is currently being transferred by the hacker through the Bridge to the network $ETH for disposal.

⚠️ TAKE IMMEDIATE ACTION: To protect assets, users are advised to urgently take the following steps:

Access wallet management tools.

Revoke all approval rights for individual aggregators except for the One-Time Approval contracts from 0x.