Restaking protocol Swell said deposits and withdrawals for swETH and rswETH have reopened, with the exchange rate now back at the correct level. The protocol also said users who deposited at an inflated rate will receive compensation within the next week. Earlier, according to Foresight News, Swell said it had seen reports of suspicious activity involving the swETH and rswETH contracts. It then paused deposits and withdrawals for both assets while working with security partners on an investigation. The latest update marks the resumption of those services, while compensation is set for users who were impacted by the incorrect rate during the disruption.
Restaking protocol Swell said deposits and withdrawals for swETH and rswETH have reopened, and that the exchange rate has returned to the correct level.
Swell said users who deposited at an inflated exchange rate will be compensated within the next week.
Earlier, Foresight News reported that Swell had identified reports of suspicious activity involving the swETH and rswETH contracts. The protocol then paused deposits and withdrawals for both assets and said it was investigating the matter with security partners.
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