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Spreek says Swell admin keys may be compromised, with 2,500 ETH at risk

NewsFeeds update

Anonymous security analyst Spreek says the admin keys behind Swell DAO's swETH and rswETH appear to have been compromised, with an attacker raising token net asset value by up to 1% an hour without backing. Four malicious upgrade contracts that could steal about 2,500 ETH have been deployed but have not entered the multisig execution queue.

EthereumPANewsAIBearish

Read the original on PANews

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.