"On January 26, a high-frequency trader, dubbed the 'Pioneer of Short Selling,' closed an ETH short position, racking up a $12,500 loss after just three hours. Despite this, the trader's account shows an unrealized loss of $49,000, according to BlockBeats On-chain Detection. Notably, the trader employs a multi-asset strategy with strict risk management, yielding a total profit of $2.367 million over the trading cycle ¹."
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Matcha Meta Addresses Security Incident Linked to SwapNet
$BTC Matcha Meta Addresses Security Incident Linked to SwapNet Matcha Meta has reported a security incident related to SwapNet on the X platform. According to Odaily, users who disabled the 'One-Time Approval' feature on Matcha Meta may be affected. Matcha Meta has contacted the SwapNet team, which has temporarily suspended its contract. After reviewing with the 0x protocol team, it was confirmed that the incident does not involve the core contracts of 0x's AllowanceHolder or Settler. Users interacting with Matcha Meta through one-time approval can continue to use the service safely. To prevent similar incidents, the feature allowing users to set limits directly with the aggregator has been removed. Previously, SwapNet experienced a security breach resulting in the theft of approximately $16.8 million in cryptocurrency.