SwapNet Suffers $16.8M Loss from Smart Contract Vulnerability
First seen 26 Jan 2026, 21:48 UTC
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SwapNet experienced a loss of $16.8 million due to a vulnerability in its smart contract. The issue arose when users disabled the 'one-time approval' system of 0x, allowing direct permissions to the underlying aggregation. The security firm PeckShield reported the attack targeting the decentralized exchange (DEX) aggregator.
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