SwapNet Faces $16.8 Million Cryptocurrency Theft in Security Breach

SwapNet has suffered a security breach resulting in the theft of approximately $16.8 million in cryptocurrency. According to NS3.AI, the attacker exchanged 10.5 million USDC for around 3,655 ETH on the Base chain and began transferring the funds to Ethereum. Users are urged to revoke authorizations for all personal aggregators, except for the 0x one-time authorization contract, to mitigate further losses.