Restaking protocol Swell said it is investigating reports of suspicious activity tied to the swETH and rswETH contracts and is working with security partners while taking precautionary steps. The team said no ETH has left the withdrawal or deposit contracts for either swETH or rswETH, and that users do not need to take any action at this stage. Earlier, according to Foresight News, on-chain analyst Spreek said monitoring suggested the admin keys for Swell DAO’s swETH and rswETH may have been compromised, possibly related to Railway. Spreek added that an attacker had deployed four malicious upgrade contracts that could potentially steal about 2,500 ETH. The situation remains under investigation based on the information currently disclosed.
Restaking protocol Swell said in a post on X that it had identified reports of suspicious activity involving the swETH and rswETH contracts and is now investigating the matter with security partners while taking precautionary measures.
Swell said no ETH has left the withdrawal or deposit contracts for swETH or rswETH so far, and users do not need to take any action.
Earlier, Foresight News reported that on-chain analyst Spreek said monitoring indicated the admin keys for Swell DAO’s swETH and rswETH may have been compromised, possibly related to Railway. Spreek said an attacker has deployed four malicious upgrade contracts that could potentially steal about 2,500 ETH.
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