🚨 Major Exploit Alert on Base Chain! 🚨
Matcha Meta has disclosed a SwapNet exploit on Base, where attackers drained between $13M – $16.8M 💸
Here's what happened:
≈ $10.5M in $USDC was swapped → converted into ≈ 3,655 ETH 🪙
Then bridged over to Ethereum mainnet 🔗
Price update:
$USDC ▲ 0.00%
$ETH ▼ 1.23% 📉
⚠️ Urgent advice for users:
Revoke any approvals you gave to SwapNet or related contracts immediately — especially if you didn't use "One-Time Approvals". Better safe than sorry! 🔒
Stay vigilant out there, crypto fam 🛡️
#CryptoNews #DeFi #BlockchainSecurity #Ethereum #crypto 🚨💰🔥
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